Organizations are still falling short when it comes to providing employees with the tools for a stable retirement, and as these workers approach retirement age, the consequences are piling up.
Sixty-five percent of retirees do not feel financially secure in retirement, according to a survey by real estate firm, Clever, and one quarter say they regret retiring because they feel unprepared for this instability. Fifty-four percent say their former employers didn’t contribute enough to their retirement and 31% say they weren’t offered a 401(k) or pension plan at all. Because of this lack of support, 1 in 10 retirees say they have to work part-time, and 73% say they took on this extra work in order to cover basic expenses.
