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Many Americans Are Delaying Their Retirement out of Necessity
Northwestern Mutual ConsumerFeature
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(60 seconds)
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READER SCRIPT
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HOW LONG DO YOU EXPECT TO WORK? A RECENT STUDY BY NORTHWESTERN MUTUAL FOUND THAT ONE-IN-THREE AMERICANS EXPECT TO WORK INTO THEIR 70'S--AND ONE-IN-10 SAY THAT THEY'LL WORK PAST AGE-80. PART OF THAT MAY BE BY CHOICE--BUT THE STUDY SHOWS STRONG EVIDENCE THAT RETIREMENT IS BEING DELAYED OUT OF NECESSITY. ACCORDING TO THE SURVEY, 56-PERCENT OF AMERICANS SAY THAT THEY'RE FINANCIALLY PREPARED TO LIVE TO AGE-75--BASED ON THEIR CURRENT-SITUATION AND LONG-TERM PLANS. THAT NUMBER DROPS TO 44-PERCENT OF THOSE WHO SAY THAT THEY'RE PREPARED TO LIVE TO AGE-85--WHILE ONLY 35-PERCENT SAY THAT THEY'RE PREPARED TO LIVE TO AGE-95. IT MAY BE A POWERFUL ILLUSTRATION OF HOW FAR BEHIND PEOPLE ARE FEELING--AND A CAUTIONARY TALE FOR ALL OF US. NO MATTER WHAT YOUR CURRENT-SITUATION IS, IT'S CRITICAL TO HAVE A COMPREHENSIVE PLAN IN PLACE, TO ACHIEVE LONG-TERM FINANCIAL-SECURITY. FOR MORE INFORMATION ON YOUR ROADMAP TO RETIREMENT, VISIT "NORTHWESTERN-MUTUAL"-DOT-COM.
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