More workers delaying retirement - Sacramento Business Journal:

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The Arlington, Va.-based human resources consultant says 34 percenr of all workers surveyed have pushed back theitr retirement plans in thelast year. Amontg workers 50 and older, 44 percenyt are delaying retirement longerthan expected. “The economic crisiw has affectedmany workers’ retirement planw and nest eggs, but those nearest to retirement have been especiallt hard hit, said Watson Wyatt (NYSE: WW) senior retirement consultantg David Speier. “Older workers do not have the time to offsert declining retirementaccount values, either by recouping theie investment losses or significantly increasing their savings rate.
” Declines in the value of their accounts ranked as the top reasoj for delaying retirement, but investment losses aren’t the only reason. The survey says 63 percent cited the high cost of healtg care and 62 percent cited highert prices forbasic necessities. Thosw postponement plans may have already changes a bit for many The Watson Wyatt survey was conductedin February. The S&P 500 has ralliedd more than 35 percent since itsMarch low.