Retirement can—or must—wait, say a startling nearly 7 in 10 over-50 pre-retirees in a new survey released today from F&G Annuities & Life, Inc.
Des Moines, Iowa-based F&G’s second annual Retirement Reconsidered survey explored how the current market environment is impacting decisions leading up to and into retirement. It found just over half (51%) of Americans over age 50 are considering delaying or coming out of retirement, but this year, more pre-retirees are pushing back retirement compared to 2023.
While the S&P 500 is up more than 20% over the past year and inflation has somewhat moderated since 2023, pre-retirees over 50 are still feeling anxious. In fact, 68% of pre-retirees are considering pushing back their retirement, up from 64% last year.
And one in three (33%) of those who have already retired say they are considering returning to the workforce/unretiring, which is on par with last year’s findings.
Generation X appears especially concerned as 71% of those respondents are considering or have pushed back their planned retirement date, up from 65% last year. As pre-retirees push back their target dates, many people who’ve already taken the plunge into retirement are already reconsidering their decision.
Half (49%) of pre-retirees over 50 that are either considering or have pushed their retirement back are doing so because of inflation worries. Meanwhile, 44% of retirees and those who have considered rejoining the workforce cite inflation as a reason.
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