More Workers Postponing Retirement

Six in ten workers, over the age 60, say they're delaying their retirement due to the financial crisis.

In a survey by careerbuilder.com, mature workers say they are staying in the workforce longer to make up for the losses in their savings accounts. Eleven-percent say the decrease in their savings may now cause them to never retire. Seventy-three percent think it will take them up to six years of extra work to recoup their savings and 24 percent believe they can make their money back by working one or two additional years.

The survey of eight thousand workers was conducted between November 12 and December 2008.


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