Which of the following is one of the reasons why many middle-aged workers are delaying their retirement plans?
A) the increase of retirement age to 75 years
B) the increasing opportunity for middle-aged professionals
C) the increased productive health owing to medical advancements
D) the decline in defined-benefit pensions

Question

Quizplus · Accepted Answer

The decline in defined-benefit pensions is a significant reason why many middle-aged workers are delaying their retirement plans. With the shift towards defined-contribution plans, such as 401(k)s, workers are now responsible for their retirement savings, and many may need to work longer to accumulate enough funds to support their retirement.

Which of the Following Is One of the Reasons Why