More workers delaying retirement - Charlotte Business Journal:

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The Virginia-based human-resources consultant says 34 percent of workers surveyec have pushed back their retirement plans in the last Among workers 50 and 44 percent are delaying retirement longerthan expected. “The economic crisis has affecteddmany workers’ retirement planx and nest eggs, but those nearestf to retirement have been especiallyt hard hit,” says Watson Wyatt senior retirement consultant David Speier. “Older workers do not have the time to offsettdeclining retirement-account values, either by recoupingv their investment losses or significantly increasing theit savings rate.
” Declines in the values of 401(k) accounts ranked as the top reasoj for delaying retirement. However, investment losses aren’y the only reason. The survey says 63 percenty of respondents cited the high cost of health care; 62 percent cited higher prices for basicc necessities. The Watson Wyatt survey was conductec in February and included responses from morethan 2,200 full-timre workers.