Delayed Retirement Here to Stay ; Even a Stock-Price Rebound Wouldn't Alter Trend, Driven by Shifts in Social Security, Pensions, and Broader Culture
David T. Cook writer of The Christian Science Monitor, The Christian Science Monitor
Summer is over. It's back to work.
Get used to working. Many of us - especially those age 50-plus - may be doing it longer than originally expected.
A slumping stock market is just one of the reasons. Changes in Social Security laws, stingier corporate pensions, and other economic and social factors mean many Americans will wait longer to retire and may have less gold in their golden years, experts say. Especially hard hit: those closest to retirement with the least time to rebuild nest eggs - or build them from scratch.
"Americans value retirement so highly they will certainly still retire," says John Rother, public-policy head for AARP, which lobbies for …
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Publication information: Article title: Delayed Retirement Here to Stay ; Even a Stock-Price Rebound Wouldn't Alter Trend, Driven by Shifts in Social Security, Pensions, and Broader Culture. Contributors: David T. Cook writer of The Christian Science Monitor - Author. Newspaper title: The Christian Science Monitor. Publication date: September 4, 2002. Page number: 1. © 2009 The Christian Science Publishing Society. Provided by ProQuest LLC. All Rights Reserved.
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