The recession has caused a number of people to push back their retirement targets, as many are worried that there may not be enough savings to last them through retirement. A number of different industries have suffered financial crises leading to budget cuts, and because of this, some salaries have been reduced. In addition, some people may have a spouse that was laid off, or unexpected financial trouble that may keep them working longer.

Even individuals with careers in finance, one of the more lucrative fields, are holding back from retiring a lot more than in the past. Chief financial officers across the country (CFOs) were recently studied to determine how long they believe one should stay in the position. In 2000, 17% believed that staying in the position for 1 to 4 years was sufficient. However findings for 2010 reveal only 5% believe this to be true.

According to the Bureau of Labor Statistics, individuals who dream of becoming a CFO should consider staying in the profession for a while as they can earn an average of $130,000 in salary, although this figure could increase depending on the field.