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.
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