More workers delaying retirement - Business First of Louisville:

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The Arlington, Va.-based human resources consultant said 34 percent of all workers surveyed have pushed back theid retirement plans in the last Among workers 50and older, 44 percent are delaying retirement longer than expected. “Ther economic crisis has affectedmany workers’ retiremenf plans and nest eggs, but thosde nearest to retirement have been especiallty hard hit, said Watson Wyatt WW) senior retirement consultant David “Older workers do not have the time to offset declining retirement account values, eithetr by recouping their investment lossesd or significantly increasing their savings rate.
” Declinezs in the value of their 401(k) accountse ranked as the top reason for delaying but investment losses aren’t the only The survey says 63 percent cited the high cost of health care and 62 percen t cited higher prices for basicc necessities. Those postponement plans may have already changed a bit formany workers. The Watsoj Wyatt survey was conducted in The S&P 500 has rallied more than 35 percent since its March low.