Lecture 16 - Is Retirement Obsolete

Lecture 16 - Is Retirement Obsolete - Is Retirement...

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Is Retirement Obsolete Lecture 16
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Retirement 20th century phenomena Longer & more important part of the life course Average retirement age 1910 – 74 2000 – 61.4 On the rise since 2000 During 2000-05 median age of retirement was 61.6 for men and 60.5 for women.
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Retirement Age on the Rise Surveys 2009 Sun-Life Unretirement Index, 65% will delay retirement by at least one year -- an 11 percent increase since the end of 2008. 2010 Center for Retirement Research report - "about 40 percent expect to retire later than they had before the downturn, with most of those who intend to work longer delaying retirement by four or more years." 2010 CareerBuilder survey of human resource professionals, "30 percent of employers report they have received requests from workers approaching retirement age to stay on with their company, up from 22 percent last year."
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Retirement Age on the Rise Why – better health and more financial uncertainty In 2007 – 28% confident had enough to retire on
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This note was uploaded on 10/21/2011 for the course PUBLIC HEA 243 taught by Professor Smith during the Spring '11 term at Rutgers.

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Lecture 16 - Is Retirement Obsolete - Is Retirement...

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