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Simmons Survey Reveals More People Putting Off Retirement |
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Written by Simmons
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02 May 2005 |
Survey compares work levels between 1999 and 2004
Simmons, an Experian company and the most respected authority on the behavior of the American consumer, today revealed that more of America's workers are putting off retirement, according to the latest Simmons National Consumer Survey (NCS).
"There is no question that people are concerned that they will not have what they need to retire at a younger age," said Bill Engel, Co-CEO of Simmons Market Research. "Retirement accounts, coupled with lower interest rates in the last few years, have led some workers to either hold off on retirement or pick up extra work when they would rather be hitting the golf courses and enjoying themselves."
According to the NCS:
In 2004, eight percent of respondents, between the ages of 55 and 59, said they worked full-time. That is up two percent over the same age group in 1999.
In 2004, six percent of respondents, between the ages of 55 and 59, said they worked part-time. That is up two percent over the same age group in 1999.
In 2004, four percent of respondents, between the ages of 60 and 64, said they worked full-time. That is up one percent over the same age group in 1999.
Simmons National Consumer Survey is a comprehensive study of American adult consumers in all their diversity. It provides information on consumer usage behavior for all major media, more than 450 product categories and over 8,000 brands. The NCS includes demographic, psychographic, and lifestyle descriptions of all Americans, including the Hispanic/Latino market. It is a must-have for any business that really wants to understand their consumers in this multi-cultural, multi-channel, multi-media type of world.
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Last Updated ( 02 Aug 2005 )
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