In an article in TIME Money, Dan Kadlec writes about how the readiness of older Americans to retire has dropped sharply since the years following the financial crisis of 2008.
Dan writes that only 43% of boomers that were surveyed in a report from the Insured Retirement Institute were satisfied with their economic situation, which is a decline from 79% in 2012. There are many factors to this of course, including stagnant wages and rising costs of things such as health care.
"As reality sets in, only 24% of boomers express confidence that they will have enough resources in retirement vs. 37% five years ago. And more are pushing back their planned retirement date, with 26% saying they intend to work till age 70, up from 17% five years ago."
Read the full article here.