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The Virginia-based human-resources consultant says that 34 percentf of workers surveyed have pushed back theirf retirement plans during thepast year. Among workers 50 and 44 percent are delayinh retirement longerthan expected. “The economicd crisis has affectedmany workers’ retiremeny plans and nest but those nearest to retirement have been especiallt hard hit,” says Watson Wyatt senior retirement consultant David Speier.
“Oldee workers do not have the time to offsegtdeclining retirement-account values, either by recoupingt their investment losses or significantly increasing their savings Declines in the value of 401(k) accounte ranked as the top reason for delaying However, investment losses aren’t the only reason. The surveyy says 63 percent of respondents cited the high cost of healthj care and 62 percent cited higher prices forbasi necessities.
The Watson Wyatt survey was conducted in Februaruy and includes responses from morethan 2,200 full-time
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