The number of American workers 60 or older who are currently delaying retirement has hit a post-recession low of 53%. This is down from 58% last year and 66% in 2010.
These are the findings of CareerBuilder’s 2014 retirement survey.
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“As household financial situations continue to rebound from the recession, economic confidence among senior workers is significantly improving,” says Rosemary Haefner, chief human resources officer for CareerBuilder.
Of those senior workers currently delaying retirement, 75% cite the recession as a cause. Twelve percent don’t think they will ever be able to retire and 49% feel retirement is at least five years out.
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The survey also shows employers continue to hire more mature workers. Fifty-four percent of private sector employers hired workers who are 50 and older in 2014—compared to last year’s 48%. And 57% plan to do so in 2015.
A vast majority of senior employees not planning to work post-retirement intend to focus on relaxation (70%) and spending time with family and friends (57%).
The survey polled 438 full-time workers who are 60 and older as well as 2,192 hiring and HR managers.
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