Americans are willing to postpone retirement — and even work during it — but do not want to spend less after they have retired, according to a survey conducted by Charles Schwab & Co. Inc.

According to the fourth Real Life Retirement quarterly pulse survey, which was conducted from Oct. 28 to Nov. 2, 40% of respondents plan to postpone retirement. Schwab said 47% of respondents who are over age 65 plan to work during retirement, and 95% of all respondents said they are not willing to spend less in retirement.

Younger investors are saving more. Forty-eight percent of respondents under 35 and 53% of respondents from 36 to 44 have increased their retirement contributions in the past year.

The survey was released Tuesday.

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