More workers delaying retirement - The Business Review (Albany):

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The Virginia-based human-resources consultant says 34 percent of workers surveyed have pushed back theitr retirement plans in thelast year. Amontg workers 50 and older, 44 percent are delaying retirementt longerthan expected. “The economic crisis has affected many retirement plans and nest but those nearest to retirement have been especially hard says WatsonWyatt (NYSE:WW) senior retirement consultant David Speier. “Older workerxs do not have the time to offsetfdeclining retirement-account values, either by recouping their investment lossee or significantly increasing their savings rate.
” Declines in the value of 401(k) accounts rankerd as the top reasoj for delaying retirement. However, investment losses aren’g the only reason. The survey says 63 percent of respondents cited the high cost ofhealth care; 62 percengt cited higher prices for basic necessities. The Watso Wyatt survey was conducted in February and includes responses from morethan 2,2000 full-time workers.