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Over 22% of Retirees Forced Into Retirement

A recent survey by Sun Life Financial revealed that 22 percent of all retirees are forced into retirement earlier than they'd planned on. The findings came via press release through the Insurance News Net today.

The survey also turned up the following figures:

  • The leading cause of early retirement (at 44 percent) is layoffs/downsizing, followed by personal illness at 32 percent.
  • 69 percent of repondents said early retirement greatly affected their lifestyle and had to reduce expenses as a result
  • 55 percent of respondents said they were ineligible for Social Security benefits when they were forced to leave the workforce

While the lack of financial preparedness of the Boomer generation isn't exactly news, these new findings may prompt older adults to take a second look at their retirement plan. Which means more prospects for you to absorb. Take a look at the full press release at INN here, and check out the bonus links below to help you get good and excited about opportunity in this area!

[Bonus links]:
Wealthy Boomers Unprepared for Retirement
Targeting Baby Boomers: A Lucrative Demographic
Selling Outiside of Your Niche

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