Retirement used to be something to look forward to but according to a new study, many people are increasingly nervous about it.
According to a Gallup study, the average age to retire in the U.S. is 61, up from 57 in the early 90's.
"Pensions are now a thing of the past," Tamara Trainer, a sales leader at Carriage House Estates in Bakersfield, said.
Trainer said the average age to retire at the independent living facility is between 70-80 years old.
"With the change in the economy, a lot of people aren't really able to live that lifestyle until they reach a higher age," Trainer said.
Up to 61 percent of Americans said financial concerns is the main reason for postponing retirement.
"If I had to do it over again, I would probably work a little longer than I did," Lowell Manzer, a Bakersfield retiree, said.
Studies also show the recession in 2008 could also be to blame for the shift in retirement ages.
"LIKE" Lia Steinberg's Facebook page here: www.Facebook.com/LiaSteinberg23ABC
Follow her on Twitter here: @LiaSteinb
Bakersfield police looking for missing man
The Bakersfield Police Department is asking the community for help in locating an at-risk missing man.
Get the Best Halloween deals this week
With Halloween just around the corner, we've pulled the best ads out of this week's circulars to save you the most money! Check our…
TRAFFIC: SB lanes on Hwy 99 at White Ln now open
Southbound lanes on Hwy 99 at White Lane are now back open and traffic is moving at the speed limit after a multi-vehicle crash.
Family curious about large amount of geckos
Geckos aren't something we ever expect to see in and around our homes, but the reptile is thriving in some parts of our community.