This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Retirement Outlook Improving But Still Out Of Reach For Many Seniors, Finds Annual CareerBuilder Survey

CHICAGO, Feb. 27, 2014 /PRNewswire/ -- The Great Recession caused many workers to delay retirement plans or forego them completely, but an annual CareerBuilder survey shows a slightly more optimistic picture for full-time workers nearing the end of their careers. A majority (58 percent) of workers age 60 or older say they are currently putting off retirement; however, this is down from 61 percent in 2013 and a peak of 66 percent in 2010.

The nationwide survey – conducted by Harris Poll on behalf of CareerBuilder from November 6 to December 2, 2013 among a representative sample of 433 full-time workers (age 60+) and 2,201 hiring and human resources managers – found that 10 percent of workers in this age group feel they'll never be able to retire, relatively unchanged from 2013 (11 percent). Half (50 percent) say they'll be able to retire within four years – a slight improvement from 47 percent last year.

"While achieving a secure retirement is still a challenge for many in the workforce, the survey points to some positive trends," said Brent Rasmussen, president of CareerBuilder North America. "As retirement funds rebound and the economy improves, fewer workers are delaying retirement than at the height of the recession. Additionally, more workers expect to be able to retire without having to pick up a part time job to supplement their incomes, and even if they are looking for work, more employers are actively recruiting within this age group than in past years."

Plans to work post retirementFewer workers are planning to take on full or part-time work after they retire from their current job. Forty-five percent said they'll look for work post-retirement—a significant 15 point drop from 2013 (60 percent). This could be a sign mature workers are gaining more confidence in their finances as retirement nears or that better access to health insurance is lessening the need to work before reaching Medicare eligibility.  

Among those who do plan on working post-retirement, consulting, retail and customer service work are the most popular disciplines.  

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 16,472.37 +200.36 1.23%
S&P 500 1,951.36 +27.54 1.43%
NASDAQ 4,707.7750 +80.6910 1.74%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs