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Retirement Planning > Retirement Investing

Boomers delay retirement by five years or more

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According to, boomers believe this is worst economic crisis since the attacks on 9/11.

The “ Financial Market Crisis Poll” polled more than 450 of its online community members age 45 and up. The poll asked boomers how the current market crisis is affecting their retirement plans, daily expenses and personal finances. Fifty-five percent of boomers believe the current financial crisis will cause them to delay retirement by five or more years and the majority of respondents (46 percent) reported losses of 10 percent to 20 percent in their retirement accounts. Boomers point to a variety of sources for current market conditions, including the federal government, Wall Street, banks and consumers.