Women more likely to delay retirement

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A couple of days ago we reported on a new survey that found people with greater wealth were more likely than their less-affluent peers to consider putting off retirement. I speculated on some reasons for that, and several commenters weighed in with their own theories. Now, another study says working women are more likely than their male counterparts (61 percent vs. 45 percent among 50- to 64-year-olds surveyed) to be planning to postpone. This latest study, from the Pew Research Center, also found that the younger workers were, the less likely they were to be thinking of postponing. For example, a mere 20 percent of 18- to 29-year-olds were pondering postponement, compared to 36 percent of 30- to 49-year-olds and 52 percent of 50- to 64-year-olds. Frankly, I'm surprised that many 18- to 29-year-olds are thinking about retirement at all, let alone about postponing it, but I suppose that's another sign of the times. —Greg Daugherty PS: We recently posted this basic advice for retirement planners of all ages. Greg writes the “Retirement Guy” column each month in the Consumer Reports Money Adviser newsletter.

Submitted @ 2009-05-30