Half (51 per cent) of U.S. pre-retirees and retirees say they’re considering either delaying or coming out of retirement, according to a new survey from F&G Annuities & Life Inc.
The survey, which polled more than 2,000 adults aged 50 and older and who have more than US$100,000 in financial products/savings, found among respondents who are considering a return to the workforce, more than two-fifths (44 per cent) said it was due to concerns about inflation, while a similar percentage (45 per cent) said it was because they enjoyed the challenge of work. More than a quarter (27 per cent) noted they loved what they did for work.
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Meanwhile, more than two-thirds (68 per cent) of pre-retirees said they’re considering pushing back their retirement, up from 64 per cent in 2023. Among pre-retirees who are either considering or have delayed their retirement, roughly half (49 per cent) cited inflation worries as the main reason.
“This remains a challenging macroeconomic environment to navigate for those close to or in retirement,” said Chris Blunt, F&G’s chief executive officer, in a press release. “As our survey shows, Americans are still reconsidering what retirement means to them and that may look different from previous generations. We believe taking a proactive approach in financial planning can help mitigate some of the economic risks, allowing people to focus on their own personalized roadmap of how and when to retire.”
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