47% of Employees Plan to Retire Later Due to Inflation Affecting Their Retirement Savings

Per Bloomberg

47% of employees plan to retire later due to inflation affecting their retirement savings. 44% said that a market crash would destroy their savings resulting in them wanting to work an average of four years longer than their plans a year ago.

24% of workers aged 45 or older said they felt they were on "the wrong track for retirement." In a 2021 Nationwide survey, only 58%, down from 72%, said they were positive about their retirement plan and financial investments.

The survey was conducted from July 14 to August 15 with 1,000 retirement plan participants aged 45 or older, 500 company plan sponsors, and participants aged 35 and 44. Only 21% of employees said they were familiar with investment products with guaranteed lifetime income.

Unusual Whales does not confirm the information's truthfulness or accuracy of the associated references, data, and cannot verify any of the information. Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Options, investing, trading is risky, and losses are more expected than profits. Please do own research before investing. Please only subscribe after reading our full terms and understanding options and the market, and the inherent risks of trading. It is highly recommended not to trade on this, or any, information from Unusual Whales. Markets are risky, and you will likely lose some or all of your capital. Please check our terms for full details.
Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Certain investment planning tools available on Unusual Whales may provide general investment education based on your input. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your legal or tax professional regarding your specific situation. See terms for more information.