Walter is 66 years old and was forced to retire due to the financial hardships of his company.He knew that if he did not retire, he could have been laid off.He was not prepared to retire and would rather be working.Walter is not prepared financially, emotionally, or psychologically.Based on statistics, what percentage of retirees share sentiments similar to Walter's?

Question

Quizplus · Accepted Answer

According to a study by the Transamerica Center for Retirement Studies, 25% of retirees cited being forced into retirement as the reason for leaving the workforce. These retirees may not be financially, emotionally or psychologically prepared for retirement, just like Walter.

Walter Is 66 Years Old and Was Forced to Retire