It’s no surprise that people are growing increasingly wary about retirement. A survey released last week by Unum confirms that more people are postponing retirement and that they are not financially secure about the commitment. A real opportunity for advisers lies in the ambitions of Gen X and Gen Y Americans, who aren’t planning on postponing retirement — yet.
Unum’s results show that 40% of people say they’re postponing retirement altogether and 36% don’t feel financially secure. The survey of 1,890 people also shows that respondents age 55 and older “expect to retire after their 70th birthday,” according to an Unum company statement, while respondents age 18 – 34 say they expect to retire earlier than their older counterparts at age 65.
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