In a blog posting on My Global Career, Kristina Cowan writes about why Americans are altering their retirement plans in response to the state of today’s economy. I was quoted as a good example of someone whose retirement plans have changed due to the recent economic situation.
Many retirement portfolios has been adversely affected by the economic downturn along with the decreasing value of our homes. Nearly two-thirds of workers 45 and older say they’re likely to delay retirement and work longer if the economy doesn’t “improve significantly.” In response to the fiscal crisis, 31 percent are delaying retirement, and 22 percent are returning to work.
But others say current financial woes won’t make much difference because a number of Americans weren’t planning to retire anyway. They have an innate drive to keep working. They want to continue to contribute, feel healthy and fit, and are intellectually stimulated to do so.
Kristina’s article has some great links that you might want to visit.
Jonathan Bernstein
President
Bernstein Crisis Management, Inc.