There's No Way This Many Boomers Are Retiring

boomers, parents, scared

Photo: Flickr / blank array

MetLife has a study out this week claiming the number of 65-year-olds who’ve retired soared to 45% from 19% in 2008.colour us sceptical, but just one month ago the Daily Mail reported that thousands of workers were delaying retirement because they would not be able to afford it.

In November (the same period MetLife performed its study), the AP reported 73 per cent of baby boomers were planning to work past retirement, up from 67 per cent from spring 2011. 50-three per cent said they do not feel confident they’ll be able to afford a comfortable retirement.

Indeed, the EBRI’s 2012 Retirement Survey showed just 14 per cent are very confident they will have enough money to live comfortably in retirement, with 60 per cent of workers reporting that the total value of their household’s savings and investments, excluding the value of their primary home and any defined benefit plans, is less than $25,000.

And as we recently reported, the No. 1 fear among workers today is job security. 

Don’t miss: The best places to retire this year > 

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