Poll: 1 in 4 Don't Plan to Retire Despite Realities of Aging

An Associated Press-NORC Center for Public Affairs Research survey found 23 percent of U.S. workers, including nearly 20 percent of those over 50, expect to continue working past retirement age, reports the Associated Press . Government data estimated that about one in five people 65 and older was working or actively seeking employment in June. "The average retirement age that we see in the data has gone up a little bit, but it hasn't gone up that much," said Anqi Chen at the Center for Retirement Research at Boston College. "So people have to live in retirement much longer, and they may not have enough assets to support themselves in retirement." Fourteen percent of respondents under the age of 50 and 29 percent over 50 said they feel "extremely" or "very prepared" financially for retirement, another 40 percent feel "somewhat prepared," and about one-third feel "unprepared." Among the fully retired cohort, 38 percent feel "very" or "extremely prepared," while 25 percent feel "not very" or "not at all prepared."