Baby boomers are pushing retirement back further and further.
According to Gallup's annual Economy and Personal Finance survey, the average age at which Americans report retiring is now 62.
That's the highest reported age since Gallup started tracking this data back in 1991.
Indeed, the average self-reported age of retirement has slowly been on the rise over the last few decades.
In 1991, the average retirement age was 57, and it remained around 60 from 2002 through 2012.
But that average has slowly crept up to 62 over the last couple of years as boomers seem more than a little reluctant to retire.
According to the poll, nonretired Americans don't expect to call it quits until age 66.
They may be putting off retirement due to lost savings during the Great Recession or due to insufficient savings before the economic downturn, notes Gallup.
Yet the lack of a great pension system is one of the most obvious reasons that boomers are postponing their leisure years.
Somehow boomers let traditional pensions be destroyed on their watch, and now they're paying the price.
Even those still entitled to a pension check will almost certainly collect less-generous benefits than their parents and grandparents enjoyed.
This is something that those of us in the younger generations — millennials and Gen Xers — really need to take to heart.
The chances of us having a pension are slim to none — many of us barely recognize the word.
Without a doubt, retirement is something we're really going to have to save for.
Our 401(k)s and IRAs are the deeply flawed tools we've been given, and we need to make the best of them.
If we don't save, we'll be in even worse shape than the boomers, working into our golden years longer than our parents did — maybe even into our late 60s or early 70s.
That's if we're lucky enough to have our health hold out and we're able to work.
This article originally appeared on Interest.com.