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Going forward, one in eight us adults over 55 now plan to delay retirement
A new survey from YouGov and Smart, a benefits advisory company, reveals increased retirement income concerns among many plan participants. Visit here for more details.
December 10, 2020 / New research by YouGov on behalf of Smart suggests that one in eight US adults (13%) over the age of 55 who expect to retire in the future are planning on delaying their retirement due to the Covid-19 pandemic.
When asked what age they plan to retire, 39% of the US adults over 55 reported the range of 65-69 while 18% reported 70-79. The research also suggests that half mentioned being able to afford healthcare costs (e.g., paying for medication, medical appointments or procedures, etc.) as a concern regarding their finances during retirement.
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About Smart
Smart is a global savings and investments technology provider. Its mission is to transform retirement, savings, and financial well-being, across all generations, around the world.
Smart partners with financial institutions (including broker-dealers, RIAs, retirement providers, insurers, asset managers, banks) and financial advisers to deliver retirement savings and income solutions that are digital, customized, and cost-efficient.
Smart, founded in the UK, operates in the USA, Europe, Australia, and the Middle East with over a million savers and over $5 billion in assets. Smart saw over 2,000% growth in assets on its platform since 2018.
Legal & General, J.P. Morgan, Fidelity International Strategic Ventures, Link Group, Barclays, Natixis Investment Managers, Chrysalis Investments, DWS Group and Aquiline Capital Partners are all investors to date in Smart.
For more information, please visit www.smartretire.com.
Media contact for Smart:
Maria Stenina
VP of Promotions Marketing – US
maria.stenina@smartretire.com