Watson Wyatt: More workers delaying retirement - Baltimore Business Journal:

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The Arlington-based human resources consultant says 34 percent of all workerzs surveyed have pushed back their retiremen plans in thelast year. Amont workers 50 and older, 44 percent are delaying retirementr longerthan expected. “The economic crisiws has affectedmany workers’ retirement plans and nest eggs, but thosw nearest to retirement have been especiallh hard hit, said Watson Wyatt (NYSE: WW) senio retirement consultant David “Older workers do not have the time to offset declining retirement account values, either by recoupin their investment losses or significantly increasinb their savings rate.
” Declines in the value of theit 401(k) accounts ranked as the top reason for delaying retirement, but investment losses aren’t the only reason. The surveyg says 63 percent cited the high cost of healthcaree and 62 percent cited higher prices forbasi necessities. Those postponement plans may have alreadt changed a bit formany workers. The Watso Wyatt survey was conducted in The S&P 500 has rallies more than 35 percent since its March low.