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February 9, 2009

Survey: Economy To Keep CFOs Working Longer

The economy will keep financial executives working beyond the point where they expected to retire, according to results of a recent survey by Robert Half Management Resources.

When asked how their retirement plans have changed over the last five years, 52 percent of the CFOs surveyed said were delaying or reconsidering their retirement plans. Of those CFOs, 62 percent said the economy, and the hits it has dealt to 401(k) retirement plans, was to blame for the career extension.

Those surveyed also said they had concerns about the social security and health care systems.

Robert Half is an international staffing agency.

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