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
