More employees in America than ever before are working past the age of 65.
In fact, Bureau of Labor Statistics data show that nearly 20% Americans over 65 find themselves still on the job, according to a recent article at boston.com. This is the largest portion of older people holding jobs since the early 1960s, in pre-Medicare times.
“That percentage, combined with the size of the baby-boom generation, makes for the most 65-and-over workers in history,” the article notes.
Working past traditional retirement age is a trend that at least two recent surveys indicate is likely to continue.
Twenty-three percent of workers recently surveyed by Willis Towers Watson indicate a need to work beyond age 70 “to live comfortably in retirement,” says planadviser.com, while 32% think they will have to retire later than they originally planned. Five-percent don’t see retirement in their future at all.continue reading »