Why More Americans Plan To Work Longer

Thinking about how you’ll afford to retire? You’re not alone — and you’re not alone in rethinking it, either.

According to a new survey, nearly 1 in 4 Americans over 50 plan to delay retirement. That’s a noticeable jump from last year and reflects a broader shift happening across the country. A blend of financial caution, inflation concerns, and questions about long-term readiness are all putting the brakes on plans to exit the workforce.

If you’re unsure how these trends could impact your next move, you’re in good company. Let’s explore some emerging data — and what it could mean for your retirement mindset.

👉 Curious where you stand? Take our free 2-minute quiz and get matched with an advisor who can help you plan your next step.

—The Money Pickle Team

A Delayed Retirement Is a Rising Trend

A new survey from F&G Annuities & Life found that 23% of Americans over the age of 50 are actively choosing to retire later — up from just 14% last year.

That’s a significant shift, especially as members of Gen X begin to enter their pre-retirement years. For some, it’s driven by caution. For others, it’s a necessity. According to Prudential Financial, the median retirement savings for 55-year-olds is just $50,000 — a figure that could fall short of people’s long-term needs.

Volatility and Inflation

Some may continue working because they want to maximize their Social Security payments. While people can start claiming at 62, waiting longer (up to 70) could boost their monthly amount.

But it is economic volatility and inflation that weigh heavily on people’s retirement plans. Half of those delaying retirement said financial uncertainty was their primary reason. Others cited fears of a recession or market downturn.

Unfortunately, financial instability is also causing people to put less aside for their golden years or even dip into their retirement savings to cover everyday expenses.

Saving Is Still the Name of the Game

Experts, like AARP’s David John, point out that even small, consistent savings efforts can help build resilience. And while taking a later retirement might not be ideal, it may also offer people time to rebuild and reassess their long-term strategy.

Of course, everyone's situation is unique, and so are their options. The key, according to John, is not perfection, but progress.

🥒 Pickle Tip:

When the road feels uncertain, slowing down isn’t the worst thing. Sometimes, pressing pause can be the smartest way to move forward with clarity.

🌟 Final Thought

Whether you’re continuing to work, adjusting your plans, or just thinking more deeply about the future, one thing is clear: your retirement journey should fit you — not the headlines.

And if you’re curious about your options, a quick chat with an advisor in the Money Pickle network could help bring a little more certainty to the road ahead.

5 Minutes to Potentially Save Thousands of Dollars? Sign Me Up

Without a smart wealth strategy, gains can disappear faster than they grow. That’s why we’ve made it simple to connect with a trusted, vetted advisor who can help you:

• ✅ Protect your profits from taxes and market swings

• ✅ Build long-term wealth without the guesswork

• ✅ Hit your financial goals faster with a tailored plan

It only takes 5 minutes to get matched — and it’s completely free to use Money Pickle to connect and speak with vetted financial advisors.

Make sure your wins today fuel your future success.