Baby Boomers not planning on delaying retirement, survey says
A survey by Del Webb, a PulteGroup-owned company specializing in retirement communities, showed a majority of still-working adults age 55 and older are not delaying their retirement and feel they will be financially secure when the time comes.
Del Webb has been surveying the 55 and older demographic for more than 15 years.
The most recent PulteGroup Home Index (PGHI) found that 61 percent of respondents planned to retire in less than 10 years, with 46 percent believing they will be financially prepared.
There has been an upward trend of more Baby Boomers becoming financially prepared now as compared with past years. In the 2010 Del Webb Baby Boomer Survey approximately 46 percent of the respondents said it would take 10 or more years to retire financially secure. That's compared to just 14 percent polled in this quarter's PGHI survey.
Some other highlights from the survey include:
- 32 percent plan to retire in the next 5 years
- 62 percent believe they will retire within the state in which they currently live
- 53 percent will not take into account the proximity of their children/grandchildren when deciding where to live in retirement
For more information: www.pultegroup.com