54% of women expect to work past the age of 62, new survey finds. “There’s still a glass ceiling with respect to earnings. That’s very important with respect to how much one is able to save for the long term,” one expert said.
, a growing number of women anticipate having to put off retirement.
Labor market experts say there are a number of reasons why women today feel compelled to work later in life. But Hegewisch acknowledged that financial obligations could also be putting pressure on women to put off retirement. Generally speaking, “They’re less likely to have retirement funds,” she said.
“It suggests that the traditional model of men being the primary breadwinner, at least at this point in life, seems to matter less and less,” Holzer said.
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