Before the most recent recession began in late 2007 and wiped out many a savings account, other factors already were forcing more Americans to delay their retirement dreams.
Mainly, weÃ¢??re living longer, which means retiring at the traditional age of 65 demands living longer without a paycheck. The average life expectancy was 61 years at the advent of Social Security in 1935 and now itÃ¢??s 78 years.
Working longer before retiring wonÃ¢??t be such a terrible thing for many Americans who are able to sit behind a computer, but will be a strain for construction workers and others whose skills are in physical labor.
Have AmericansÃ¢?? perceptions of retirement been permanently altered by the recession? If youÃ¢??re planning for the future, at what age do you anticipate retiring?