Investopedia lists as follows:
1. Rising Retirement Age
2. More Retirees Working
3. Less From Employers
4. Lower Savings-Account Balances
5. Retiring Abroad
6. Inheriting Less
7. Living Longer
8. Healthcare Costs Rising
My thoughts on these:
1. As I've posted time and time again, people are saving less which means they need to work longer. Hence the rising retirement age. This is surprising in some ways since I read so many "retire early" blogs that the average seems like it's getting lower, but it's not.
2. Again, it's savings related. If you can only fund a portion of your retirement from savings, the rest needs to come from work.
3. You are responsible for your retirement even if you do have an employer plan.
4. Been saying this for a long time now -- Americans are saving less. Said another way, they are spending more during their working years.
5. I think there are two kinds of people who retire abroad: 1) those who need the lower cost-of-living to make the numbers work and 2) those who want to see the world a bit and experience life somewhere new.
6. Does anyone count on inheritances these days? Surely they aren't part of a retirement plan for most, right?
7. Of course. We are living longer and thus...
8. ...paying more for healthcare. I think both the annual costs are going up PLUS people are living longer, making it a bigger portion of overall retirement costs.
Anyone want to add anything else?