As older Americans (aged 50+) in the workforce continue to age towards retirement, the recent recession has left many of them expecting to work longer or even to never retire according to data from the Employee Benefit Research Institute (EBRI).
The EBRI analysis found that just before the recession in 2006, 11.2 percent of workers age 50 or over expected to retire at age 70, but by 2010 (after it had officially ended) that had increased to 14.8 percent. Even at higher ages, the expected retirement age has jumped: Just 1.7 percent of workers age 50 or over planned to retire at age 80 in 2006, while that more than tripled to 5.2 percent in 2010.