Staying on the job the new norm

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Customer orders are under budget, the boss is impatient and your 401K returns are lousy, but quit your job?

Not so quick, say 52 percent of Americans polled by the Pew Research Center’s Social & Demographic Trend Project.

In the midst of a recession that has taken a heavy toll on many nest eggs, just over half of all working adults ages 50 to 64 say they may delay their retirement – and another 16 percent say they never expect to stop working,” the group said in a report released this week.

Overall, 37 percent of full-time employed adults of all ages said they have thought in the past year about postponing their eventual retirement.

That proportion swells to 52 percent among full-time workers ages 50 to 64.

Members of the latter group, dubbed the “Threshold Generation” by PRC analysts,  were twice as likely as younger workers to say they never planned to retire  – 16 percent versus 8 percent.  In addition,  the Thresholders who planned to retire someday indicated they planned to keep working, on average, until they are age 66 — when they would be four years older than the age at which current retirees age 65 or older said that they stopped working.