"Growing Number Of Americans Plan To Delay Retirement Until They’re 80"
According to a survey by Wells Fargo, 30 percent of Americans plan to delay retiring until they reach the age of 80, up from 25 percent one year ago. 70 percent of respondents said they intend to work during retirement. Another recent survey showed that 40 percent of Americans report having less than $500 in savings. Meanwhile, 85,000 pensions for American workers have been eliminated since 1985.