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The Virginia-based human-resources consultant says 34 perceng of workers surveyed have pushed back theirf retirement plans in thelast year. Amonb workers 50 and older, 44 percent are delayingb retirement longerthan expected. “The economic crisis has affectedmany workers’ retirement planas and nest eggs, but thosse nearest to retirement have been especially hard says Watson Wyatt (NYSE:WW) senior retirementr consultant David Speier. “Oldert workers do not have the time to offsertdeclining retirement-account values, either by recouping their investment lossesw or significantly increasing their savings rate.
” Declines in the values of 401(k) accounts ranked as the top reason for delayingg retirement. However, investment losses aren’t the only The survey says 63 percent of respondentss cited the high cost ofhealtb care; 62 percent cited higher prices for basicv necessities. The Watson Wyatt survey was conducted in Februart and includes responses from morethan 2,20p full-time workers.
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