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The Independent UK
The Independent UK
Brian O'Connell

75% of Americans expect to work In retirement - 32% because they have to

Your Money, Your Retirement, and the 2016 Presidential Election - What changes will you need to make to your portfolio should Hillary R. Clinton become president? What happens to your investments should Donald Trump become president? Join us on September 12 as our panel of the world's top financial experts provide trusted information on the investment risks and opportunities that arise with the upcoming presidential election in November. [Learn more about the event and RSVP.]

It's not exactly news that American adults are having a difficult time saving enough money for retirement.

What is front-page news - or should be - is that a future with weak retirement assets isn't really much of a future at all, especially since the job market 10 and 20 years from now may not support all the U.S. retirees that need to work.

Right now, the percentage of Americans still in the workforce who say they expect to remain in that workforce in retirement is 75%, and 32% of workers say they'll need to work in their 60s, 70s and even 80s to survive.

Those numbers come from Bankrate.com, which adds that "nearly half of retirees (47%) are either very worried or somewhat worried about outliving their retirement savings, up from 37% in 2009, the last time this question was asked."

TheStreet reached out to financial and retirement experts to gauge the severity of the problem, which, as the Bankrate study shows, is growing more alarming. And that's especially troubling for aging retirees who expect to land a job in retirement.

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