A new study from the Transamerica Center for Retirement Studies found only 31 percent of U.S. workers performing physically demanding jobs feel they are on track to meet their retirement income needs. In fact, these workers anticipate that approximately 30 percent of their retirement income will come from personal savings and investments.
As such, 47 percent of physical workers in the United States are categorized as habitual savers, yet only 28 percent have a written retirement strategy.
Globally, 33 percent of physical workers expect to stop working completely upon retirement, while nearly 50 percent expect a more flexible transition.
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Joanna Masterson was a writer and editor for Construction Executive for more than a decade.
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