Poll: Workers Say Obamacare Will Delay Their Retirement

Wednesday, 28 May 2014 09:29 AM

By Melanie Batley

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One-third of workers believe Obamacare will lead to higher costs that will force them to delay their retirement, a new poll has found.

According to a survey released Tuesday on MoneyRates.com and conducted by Op4G of 2,000 people, 33 percent said that Obamacare will force them to delay retirement, compared to 17 percent who believe the new federal healthcare law will allow them to retire earlier.

The rest were evenly split between those who do not think the federal healthcare law will have an impact on their retirement and those who aren't sure.

"With the program still in its early stages, the actual impact of Obamacare — also known as the Affordable Care Act — remains to be seen. What can be said at this point is that the debate over the program has created a certain amount of fear, and this survey measures the degree of that fear," wrote Richard Barrington, senior financial analyst for MoneyRates.com.

The survey also found that of those who believe their retirement would be delayed, some predicted the delay would be significant. Specifically, 39 percent thought the delay would be five years or more, while another 30 percent said their exit from the workforce would be stalled by between three and five years.

Of those who expect to retire earlier because of Obamacare, 71 percent think it will move up their retirement date by three years or less, while 8 percent believe they will be in a position to retire by five years or more, the survey found.

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