54% of Part-Time Workers Think Retirement Is Unrealistic for Them -- and They May Be Right
According to a 2020 report from Transamerica Center for Retirement Studies, 54% of part-time workers surveyed plan to keep on working into their retirement years. More depressing was that 21% of part-timers surveyed had no plans to retire at all. That compares to only 15% of full-time workers who don't intend to retire. The message behind those figures is that too many of today's part-time workers don't see any realistic path to a work-free retirement for themselves.
People without full-time jobs do face greater challenges with respect to retirement planning. Lower income is only the most obvious one. It can be hard enough even on a full-time salary to find money in your budget to save for the future.
But those workers are probably also missing out on cost-saving benefits like employer-subsidized healthcare or access to a company-sponsored 401(k) -- and the matching contributions that frequently go with it.
Source Fool.com
