Wednesday, May 10, 2017

The Changing Face of Retirement

American are working longer because they want to, not because they have to. That’s according to Gallup's Economy and Personal Finance survey, which shows that 11 percent intend to work full time once they hit retirement age—while just 25 percent of employed Americans plan to stop working altogether.

Among the would-be full-time retirement workers, the majority plan to do so because they want to, not because they have to, and the proportion of “want to” versus “will have to” explanations has risen slightly since 2013. The percentage who say they want to keep working just part time has also increased, from 34 percent to 44 percent.

Two 1995 polls revealed that an average of 14 percent said they expected to retire after 65 and 49 percent before 65. Current retirees present a different image: 68 percent said they retired before age 65, while just 30 percent worked till 65 or older.

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