Based on the survey conducted by the Sun Life Financial Inc., employees have become skeptical regarding the amount of money they would have to pay in order to retire contentedly. The results imply that only 23 percent of the respondents were confident that they could be at ease when they retire, for they are able to pay the basic living expenses in retirement. This was 46 percent lower than the results way back in 2008.
The survey which started its Unretirement Index in the year 2008, have shown an unstable stock market and unrelenting economic ambiguity resulting increased doubt to the workers, if they could achieve to have the benefits of a retiree one day.
This drop in the index was after a three year constant results. According to Wes Thompson, U.S. president of Sun Life Financial, “We think that this is a tipping point relative to what we’ve seen in prior years.”
The findings indicated that many workers do not find themselves as fully retiring. Nearly 20 percent say that they will somehow work as much as they’re capable of. Fifty four percent of the respondents still decided to work even after they are 65 years old. In this 54 percent, 16 percent are shooting for a retirement age of 70, and 11 percent plan to stop working sometime from age 66 to 69.
Thompson strongly considers that this down feeling of the workers on retirement were due to the fright of millions of baby boomers who are anxious about reaching retirement age without adequate money and the junction of increased individual liability.
