Senior Focus | February 1, 2019 | Palo Alto Weekly | Palo Alto Online |

Palo Alto Weekly

- February 1, 2019

Senior Focus

BOOMER VIEWS ON RETIREMENT ... Nearly half (49 percent) of employed baby boomers in the United States say they plan to retire once they reach a certain age, and on average that age is 66, according to a Harris Poll of 1,500 U.S. workers age 54 to 72 . Only about a third of boomers aren't sure about retirement yet (23 percent) or haven't thought about it at all (11 percent). Older boomers are two to three times more likely than younger ones to expect to keep working and never retire (20 percent for people 68-72 versus 6 percent for those ages 54-59). For Boomers who plan to retire at a certain age, it's much more common to have moved that time frame later (33 percent) rather than earlier (9 percent), predominantly because they have not saved enough money to cover the desired life style (48 percent) or just want to continue working for a few more years (48 percent). Most boomer employees say they feel at least somewhat prepared to retire financially (69 percent), emotionally (79 percent) and physically (84 percent), though far fewer say they feel very prepared on those same aspects (financially 27 percent; emotionally 38 percent and physically 39 percent). The poll, released Jan. 23, was conducted in October and November on behalf of the staffing company Express Employment Professionals.

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Items for Senior Focus may be emailed to Palo Alto Weekly Contributing Writer Chris Kenrick at [email protected]


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