{"id":1064,"date":"2020-03-08T01:34:00","date_gmt":"2020-03-08T01:34:00","guid":{"rendered":"https:\/\/www.simplywise.com\/blog-2023\/?p=1064"},"modified":"2023-06-22T21:48:17","modified_gmt":"2023-06-22T21:48:17","slug":"study-4-in-10-may-delay-retirement","status":"publish","type":"post","link":"https:\/\/www.simplywise.com\/blog\/study-4-in-10-may-delay-retirement\/","title":{"rendered":"New Study: 4 in 10 Americans at Risk of Delaying Retirement"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"1064\" class=\"elementor elementor-1064\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7107f94 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7107f94\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c078ea4\" data-id=\"c078ea4\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-28b7774 elementor-widget elementor-widget-template\" data-id=\"28b7774\" data-element_type=\"widget\" data-widget_type=\"template.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-template\">\n\t\t\t\t\t<div data-elementor-type=\"section\" data-elementor-id=\"196\" class=\"elementor elementor-196\">\n\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-339b45e0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"339b45e0\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3f771e94\" data-id=\"3f771e94\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-44435407 elementor-cta--skin-classic elementor-animated-content elementor-bg-transform elementor-bg-transform-zoom-in elementor-widget elementor-widget-call-to-action\" data-id=\"44435407\" data-element_type=\"widget\" data-widget_type=\"call-to-action.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<link rel=\"stylesheet\" href=\"https:\/\/www.simplywise.com\/blog\/wp-content\/uploads\/elementor\/css\/custom-pro-widget-call-to-action.min.css?ver=1764022918\">\t\t<a class=\"elementor-cta\" href=\"https:\/\/simplywise.app.link\/Iv0wVANrvfb\">\n\t\t\t\t\t\t\t<div class=\"elementor-cta__content\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-content-item elementor-cta__content-item elementor-icon-wrapper elementor-cta__icon elementor-view-default\">\n\t\t\t\t\t\t<div class=\"elementor-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"far fa-lightbulb\"><\/i>\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t<h2 class=\"elementor-cta__title elementor-cta__content-item elementor-content-item\">DID YOU KNOW?<\/h2>\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-cta__description elementor-cta__content-item elementor-content-item\">\n\t\t\t\t\t\tRetirement is 99% easier when your paperwork is organized. \n\nJoin 250,000+ Americans securely storing their important receipts, bills &amp; documents with the SimplyWise app.\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-cta__button-wrapper elementor-cta__content-item elementor-content-item \">\n\t\t\t\t\t<span class=\"elementor-cta__button elementor-button elementor-size-md\">\n\t\t\t\t\t\tGet the App\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-edc62ec elementor-widget elementor-widget-text-editor\" data-id=\"edc62ec\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.13.3 - 28-05-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p dir=\"ltr\">For many Americans, reaching retirement age doesn\u2019t mean the end of work. That may be truer than ever for people in their 50s and 60s given the recent market slide related to the coronavirus pandemic.<\/p><p dir=\"ltr\">A survey conducted by SimplyWise on March 3 and 4 of people aged 55 to 60 found that continued market drops would potentially have a profound impact on the way they view retirement and the economy at large. Those drops have occurred this week. That means 44% of survey respondents who said they would delay their retirement, including 18% that would work for at least five more years as a result of the market drop, may now be seriously contemplating that future.<\/p><h2>Stock market downturn and work<\/h2><p>Of course, for many American workers, that was already the plan, regardless of stock market changes. In a poll from\u00a0<a href=\"http:\/\/www.apnorc.org\/Pages\/default.aspx\"><b>The Associated Press-NORC Center for Public Affairs Research<\/b><\/a>, 23% of workers said they don\u2019t expect to stop working. Additionally, new stats show that people above the age of 65 are already working at all-time highs since record keeping began.\u00a0<\/p><p>If you\u2019re among those concerned about your retirement years, and what a prolonged market downturn might mean for your retirement assets, there\u2019s some good news.<\/p><div dir=\"ltr\"><div><p dir=\"ltr\">Today\u2019s older Americans are the healthiest generation of seniors in history, meaning they can and often want to work. The trend of working well after age 65 is boosted by the fact that today\u2019s seniors have better,\u00a0<a href=\"https:\/\/www.simplywise.com\/blog\/fastest-growing-jobs-for-seniors\/\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/www.simplywise.com\/blog\/fastest-growing-jobs-for-seniors\/&amp;source=gmail&amp;ust=1584042154732000&amp;usg=AFQjCNHVnuy0-KcwCp-1S2MkTFPvT_p5xQ\">more flexible and more fulfilling work options at their disposal<\/a>\u00a0through recent technological advances. In fact, new stats show that people above the age of 65 are already working at all-time highs since record keeping began. Projections from the\u00a0<a href=\"https:\/\/www.bls.gov\/\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/www.bls.gov\/&amp;source=gmail&amp;ust=1584042154732000&amp;usg=AFQjCNGgTwDwMiZ44O11igRpE7Q8Z-p5Zw\">U.S. Bureau of Labor Statistics<\/a>\u00a0suggest this trend is not stopping anytime soon.<\/p><p dir=\"ltr\">Here\u2019s what our survey respondents had to say:<\/p><p dir=\"ltr\">44% of respondents reported that they would continue to work longer as a result of prolonged stock market woes.<\/p><\/div><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7a990f9 elementor-widget elementor-widget-image\" data-id=\"7a990f9\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.13.3 - 28-05-2023 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"524\" src=\"https:\/\/www.simplywise.com\/blog\/wp-content\/uploads\/2023\/06\/Simplywise-Probability-of-how-many-years-would-you-delay-retirement-be-if-the-market-drops-10-1024x838.jpeg\" class=\"attachment-large size-large wp-image-1069\" alt=\"Simplywise Probability of how many years would you delay retirement be if the market drops 10%\" srcset=\"https:\/\/www.simplywise.com\/blog\/wp-content\/uploads\/2023\/06\/Simplywise-Probability-of-how-many-years-would-you-delay-retirement-be-if-the-market-drops-10-1024x838.jpeg 1024w, https:\/\/www.simplywise.com\/blog\/wp-content\/uploads\/2023\/06\/Simplywise-Probability-of-how-many-years-would-you-delay-retirement-be-if-the-market-drops-10-300x245.jpeg 300w, https:\/\/www.simplywise.com\/blog\/wp-content\/uploads\/2023\/06\/Simplywise-Probability-of-how-many-years-would-you-delay-retirement-be-if-the-market-drops-10-768x628.jpeg 768w, https:\/\/www.simplywise.com\/blog\/wp-content\/uploads\/2023\/06\/Simplywise-Probability-of-how-many-years-would-you-delay-retirement-be-if-the-market-drops-10.jpeg 1376w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cddbff6 elementor-widget elementor-widget-text-editor\" data-id=\"cddbff6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Of those who said they would stay in the workforce, more than 1-in-3 responded that it would be for at least five years. On average, those putting off retirement would work 4.9 additional years.<\/p><p><i>Does this make sense?<\/i><\/p><p>Everyone\u2019s case is different, but for those who are capable of working and who feel the pressure from a reduction in savings, working more is a logical response.<\/p><h2>Stock market downturn and Social Security<\/h2><p>Working longer isn\u2019t the only adjustment that Americans are considering as a response to a more prolonged stock market drought. According to the study, more than 1-in-4 Americans are considering moving up the date at which they\u00a0<a href=\"https:\/\/www.simplywise.com\/blog\/social-security-retirement-benefits\/\">collect Social Security<\/a>. This is even more significant when considering that around 1-in-3 Americans already claims Social Security at this earliest possible date.<\/p><p>Below, the full data:<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7559d35 elementor-widget elementor-widget-image\" data-id=\"7559d35\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"524\" src=\"https:\/\/www.simplywise.com\/blog\/wp-content\/uploads\/2023\/06\/Simplywise-Probability-to-claimSS-early-if-the-market-drops-10-1024x838.jpeg\" class=\"attachment-large size-large wp-image-1070\" alt=\"Simplywise Probability to claimSS early if the market drops 10%\" srcset=\"https:\/\/www.simplywise.com\/blog\/wp-content\/uploads\/2023\/06\/Simplywise-Probability-to-claimSS-early-if-the-market-drops-10-1024x838.jpeg 1024w, https:\/\/www.simplywise.com\/blog\/wp-content\/uploads\/2023\/06\/Simplywise-Probability-to-claimSS-early-if-the-market-drops-10-300x245.jpeg 300w, https:\/\/www.simplywise.com\/blog\/wp-content\/uploads\/2023\/06\/Simplywise-Probability-to-claimSS-early-if-the-market-drops-10-768x628.jpeg 768w, https:\/\/www.simplywise.com\/blog\/wp-content\/uploads\/2023\/06\/Simplywise-Probability-to-claimSS-early-if-the-market-drops-10.jpeg 1376w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bd5ec84 elementor-widget elementor-widget-text-editor\" data-id=\"bd5ec84\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><i>Does this make sense?<\/i><\/p><p>This decision is very case-specific, but we would generally caution around enacting this as a strategic response to a stock market decline (and a subsequent decline in savings).\u00a0<a href=\"https:\/\/www.simplywise.com\/blog\/social-security-benefits-by-age\/\">Social Security monthly benefit amounts increase 5-8% for every year you wait to claim<\/a>\u00a0from the time you turn 62 until you turn 70. The main legitimate reasons to take Social Security early are for those who cannot meet their monthly obligations otherwise and\/or those whose life expectancies dictate that they would maximize total benefits by claiming earlier.<\/p><p>The following table shows how someone whose Social Security benefit at full retirement age of 67 is $1,000 would accumulate total income based on claiming age and life expectancy:\u00a0<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ffa4703 elementor-widget elementor-widget-image\" data-id=\"ffa4703\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"540\" src=\"https:\/\/www.simplywise.com\/blog\/wp-content\/uploads\/2023\/06\/life-exp-1-1-1024x864.jpeg\" class=\"attachment-large size-large wp-image-1071\" alt=\"when should I claim social security\" srcset=\"https:\/\/www.simplywise.com\/blog\/wp-content\/uploads\/2023\/06\/life-exp-1-1-1024x864.jpeg 1024w, https:\/\/www.simplywise.com\/blog\/wp-content\/uploads\/2023\/06\/life-exp-1-1-300x253.jpeg 300w, https:\/\/www.simplywise.com\/blog\/wp-content\/uploads\/2023\/06\/life-exp-1-1-768x648.jpeg 768w, https:\/\/www.simplywise.com\/blog\/wp-content\/uploads\/2023\/06\/life-exp-1-1-1536x1295.jpeg 1536w, https:\/\/www.simplywise.com\/blog\/wp-content\/uploads\/2023\/06\/life-exp-1-1-2048x1727.jpeg 2048w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8049665 elementor-widget elementor-widget-text-editor\" data-id=\"8049665\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>However, we view it unlikely that a 10% stock market dip is likely to materially affect either of these motives. While it may have some impact on savings and the ability to meet monthly obligations, most Americans at age 55 to 60 have investment portfolios weighted strongly to fixed income. In our survey, the average respondent is allocating 33% of their savings to stocks; this would result in a roughly 3.3% hit to savings.\u00a0<\/p><p>One exception is for those who believe they have excellent investment opportunities. If you believe that you will earn greater than 8% annually on investments, it would make sense for you to collect Social Security earlier. In this case, your return will outweigh the return that the SSA will give you for waiting. Nonetheless, if you can, working longer is probably the better option.<\/p><h2>Stock market downturn and desperation<\/h2><p>Perhaps the most grave indication that respondents gave was that nearly one in four claimed they would be more likely to sell their house, car or another physical asset during their retirement as a result of more stock market stress.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4f44b2a elementor-widget elementor-widget-image\" data-id=\"4f44b2a\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"513\" src=\"https:\/\/www.simplywise.com\/blog\/wp-content\/uploads\/2023\/06\/Simplywise-Probability-would-be-to-seell-a-physical-asset-if-the-market-drops-10-1-1024x820.jpeg\" class=\"attachment-large size-large wp-image-1072\" alt=\"\" srcset=\"https:\/\/www.simplywise.com\/blog\/wp-content\/uploads\/2023\/06\/Simplywise-Probability-would-be-to-seell-a-physical-asset-if-the-market-drops-10-1-1024x820.jpeg 1024w, https:\/\/www.simplywise.com\/blog\/wp-content\/uploads\/2023\/06\/Simplywise-Probability-would-be-to-seell-a-physical-asset-if-the-market-drops-10-1-300x240.jpeg 300w, https:\/\/www.simplywise.com\/blog\/wp-content\/uploads\/2023\/06\/Simplywise-Probability-would-be-to-seell-a-physical-asset-if-the-market-drops-10-1-768x615.jpeg 768w, https:\/\/www.simplywise.com\/blog\/wp-content\/uploads\/2023\/06\/Simplywise-Probability-would-be-to-seell-a-physical-asset-if-the-market-drops-10-1.jpeg 1296w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-75ca69a elementor-widget elementor-widget-text-editor\" data-id=\"75ca69a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><i>Does this make sense?<\/i><\/p><p>It may, although proceed with caution. For those with specific financial goals and a timeline around them (for instance, paying for a child or grandchild\u2019s education), this may be the only alternative after seeing a downward shock in savings. However, make sure this is truly necessary. If not, you may find yourself selling into a down market and receiving less than is market value.<\/p><h2>What you can do<\/h2><p>As mentioned above, the most common solution \u2014 and the most advisable \u2014 to more stock market pressure is to remain in the workforce. Luckily for Americans about to enter their 60s, employers are looking upon older workers in a very favorable light, with current unemployment for seniors at 3.2%, compared to overall unemployment at 3.5%. We recently highlighted some of the\u00a0<a href=\"https:\/\/www.simplywise.com\/blog\/fastest-growing-jobs-for-seniors\/\">fastest growing jobs for seniors<\/a>.<\/p><p>While we don\u2019t necessarily recommend taking Social Security earlier, it\u2019s as good a time as ever to look into how to maximize your Social Security benefits. This means understanding and calculating what your options are for earned benefits,\u00a0<a href=\"https:\/\/www.simplywise.com\/blog\/guide-to-social-security-spousal-benefits\/\">spousal benefits<\/a>\u00a0and\u00a0<a href=\"https:\/\/www.simplywise.com\/blog\/guide-to-social-security-and-death\/\">survivor benefits<\/a>, and analyzing how different factors in your life (your plans to work, your life expectancy, your short-term financial needs) may impact your decision. One of the best ways to do all that is through online Social Security calculators (we believe\u00a0<a href=\"https:\/\/www.simplywise.com\/\">ours is the best<\/a>).<\/p><p>For decisions on what to do with your assets and savings, it\u2019s best to consider your options and if you can, consult with a financial professional to ensure that you aren\u2019t exposed to more stock market risk than you are truly comfortable with. That way, you can mitigate the impact of stock market shocks.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2857bb9 elementor-widget elementor-widget-template\" data-id=\"2857bb9\" data-element_type=\"widget\" data-widget_type=\"template.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-template\">\n\t\t\t\t\t<div data-elementor-type=\"section\" data-elementor-id=\"196\" class=\"elementor elementor-196\">\n\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-339b45e0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"339b45e0\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3f771e94\" data-id=\"3f771e94\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-44435407 elementor-cta--skin-classic elementor-animated-content elementor-bg-transform elementor-bg-transform-zoom-in elementor-widget elementor-widget-call-to-action\" data-id=\"44435407\" data-element_type=\"widget\" data-widget_type=\"call-to-action.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<a class=\"elementor-cta\" href=\"https:\/\/simplywise.app.link\/Iv0wVANrvfb\">\n\t\t\t\t\t\t\t<div class=\"elementor-cta__content\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-content-item elementor-cta__content-item elementor-icon-wrapper elementor-cta__icon elementor-view-default\">\n\t\t\t\t\t\t<div class=\"elementor-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"far fa-lightbulb\"><\/i>\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t<h2 class=\"elementor-cta__title elementor-cta__content-item elementor-content-item\">DID YOU KNOW?<\/h2>\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-cta__description elementor-cta__content-item elementor-content-item\">\n\t\t\t\t\t\tRetirement is 99% easier when your paperwork is organized. \n\nJoin 250,000+ Americans securely storing their important receipts, bills &amp; documents with the SimplyWise app.\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-cta__button-wrapper elementor-cta__content-item elementor-content-item \">\n\t\t\t\t\t<span class=\"elementor-cta__button elementor-button elementor-size-md\">\n\t\t\t\t\t\tGet the App\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>For many Americans, reaching retirement age doesn\u2019t mean the end of work. That may be truer than ever for people in their 50s and 60s given the recent market slide related to the coronavirus pandemic. A survey conducted by SimplyWise on March 3 and 4 of people aged 55 to 60 found that continued market [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":1067,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1064","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>New Study: 4 in 10 Americans at Risk of Delaying Retirement - SimplyWise Cost Estimator<\/title>\n<meta name=\"description\" content=\"So far, the recent stock market dip has yet to phase Americans looking towards retirement, but that could change in a big way with a further 10% drop, our study shows...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.simplywise.com\/blog\/study-4-in-10-may-delay-retirement\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Study: 4 in 10 Americans at Risk of Delaying Retirement - SimplyWise Cost Estimator\" \/>\n<meta property=\"og:description\" content=\"So far, the recent stock market dip has yet to phase Americans looking towards retirement, but that could change in a big way with a further 10% drop, our study shows...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.simplywise.com\/blog\/study-4-in-10-may-delay-retirement\/\" \/>\n<meta property=\"og:site_name\" content=\"SimplyWise Cost Estimator\" \/>\n<meta property=\"article:published_time\" content=\"2020-03-08T01:34:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-22T21:48:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.simplywise.com\/blog\/wp-content\/uploads\/2020\/09\/shutterstock_1013269777-3.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"518\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Allie Fleder\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Allie Fleder\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.simplywise.com\/blog\/study-4-in-10-may-delay-retirement\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.simplywise.com\/blog\/study-4-in-10-may-delay-retirement\/\"},\"author\":{\"name\":\"Allie Fleder\",\"@id\":\"https:\/\/www.simplywise.com\/blog\/#\/schema\/person\/e1e876d7736d540f0047b6adc84e2ba1\"},\"headline\":\"New Study: 4 in 10 Americans at Risk of Delaying Retirement\",\"datePublished\":\"2020-03-08T01:34:00+00:00\",\"dateModified\":\"2023-06-22T21:48:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.simplywise.com\/blog\/study-4-in-10-may-delay-retirement\/\"},\"wordCount\":1055,\"publisher\":{\"@id\":\"https:\/\/www.simplywise.com\/blog\/#organization\"},\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.simplywise.com\/blog\/study-4-in-10-may-delay-retirement\/\",\"url\":\"https:\/\/www.simplywise.com\/blog\/study-4-in-10-may-delay-retirement\/\",\"name\":\"New Study: 4 in 10 Americans at Risk of Delaying Retirement - 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