An article in USA Today (online) last week says 73% of the 77 million boomers born between 1946 and 1964 are planning to work past retirement, up from 67% this spring (citing the Associated Press-LifeGoesStrong.com poll).
The majority are also shaky about their nest eggs.
In all, 53% of boomers polled said they do not feel confident they’ll be able to afford a comfortable retirement. That’s up from 44% who were concerned about retirement finances in March.
- Economic downturn that led to depressed housing prices
- Wild stock market swings
- Unemployment rate hovering at or above 9% for all but two months since May 2009.