Study finds majority of Americans plan to work into 70s

CNN (Reuters) reports: “AARP finds majority of Americans will work into 70s.”

“A survey by AARP . . . shows 7 in 10 Americans plan to work past the once-typical retirement age of 65 and nearly half expect to work well into their 70s and even 80s.”

“[T]he main reason for working past retirement has more to do with financial need than fulfillment of professional goals, enjoyment or a desire to stay active. When forced to choose one main reason for staying employed, the majority — 22 percent of those near retirement and 35 percent of retirees — said it was to make money.”

“Higher health care costs, insufficient retirement funds and recent investment losses feed the need to keep earning.”

Read the executive summary by AARP

Read the full report by AARP

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