“That is a terrific way to help bridge a savings shortfall,” Collinson said. “The longer we’re working, the longer we’re earning income and can save and the less time we’ll spend in full retirement that we’re drawing down on those savings.”
Most workers — 79 percent — said they think it will be more difficult for them to have financial security in retirement compared to their parents’ generation. Meanwhile, 76 percent said they are worried that Social Security will no longer be around when they retire.
At the same time, retirement confidence did not improve from 2016 to 2017, according to the research. To that point, 62 percent of respondents said they are confident they will be able to retire with a comfortable lifestyle — the same as the year before.
The research comes from an online survey of 6,372 American workers between August and October 2017. Those individuals, ages 18 and up, included full-time and part-time employees who work at for-profit companies with five or more people.
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