Benny here. I recently read an interesting report by the Employee Benefit Research Institute that showed more and more people are delaying retirement.
Since 1993, American's aged 55 or older who were in the work force has increased from 29.4 percent in 1993 to 39.4 percent today.
The study attributes higher cost of living, higher medical costs and lowered benefits as some of the reason for the delayed retirement.
The study also summarizes, "While some older Americans have a greater need to work to help make their retirement assets last longer or to continue to build up assets, monetary incentives are not the only motivating factor."
I'm one to talk...I'm still on the job after more than 230 years. But I'm interested in your story. If you are delaying your retirement, what's your primary reason?
Let me know by commenting here.