"Unretirement": the new normal

An "unretirement index" based on surveys by Sun Life Financial indicates:

• More than 8 in 10 American workers believe they will need at least three years to rebuild their retirement savings as a result of the economic crisis — up from 64% a year ago. 
• More than half  the working Americans that responded (52%) expect to work at least three years longer than originally planned — with just as many believing they will retire at 70 as those who believe they will retire at 65.
• 70 is the “new 65” in terms of the expected retirement age in America, with just as many Americans expecting to retire at age 70 as those at age 65.

Unretirement is defined as working at least 20 hours per week after the age when one is eligible to receive Social Security benefits. Here's a picture of the current index.

You can create your own personal index here.