Individuals reaching retirement age are choosing to delay retirement until the economy gets better.
Wired PR News – More and more baby boomers are reportedly deciding to delay their impending retirement. However, as reported by the Yahoo! News blog site, many are finding starting over in the current job market increasingly difficult.
As noted in the blog report, a survey conducted by AARP proposes that 57 percent of individuals over the age of 45 who are currently employed, or looking for work, and have fairly recent stock market losses have plans to wait to retire.
Robert Dobkin is quoted in the report as stating to the Associated Press (AP), “I felt that I was in a good position to retire until the market kept going down and down and the economy ground to a halt…I just figured there’s no point in retiring in this time of uncertainty until I have a better feel for where the economy is going.”
As further noted in the report, many older individuals who are looking for employment are having trouble finding it, which has led to an increase in claims of job discrimination.