“More Americans are working well past the normal retirement age of 65.
Research from the AARP Public Policy Institute shows the number of people aged 75 or older who are still working has skyrocketed, USA Today reports. This pool of workers has grown more than 76 percent in 20 years and made up 7.6 percent of the U.S. labor force in 2012.
Though most people clearly still retire before 75, research confirms that there is a growing trend of people working longer.
The average retirement age for men has increased to 64, and the average age for women has increased to 62, according to data from Center for Retirement Research at Boston College cited by The New York Times.
Some individuals are postponing retirement because they feel that they have to. As the nation recovers from a recession and the cost of living rises, many who are old enough to retire feel that they cannot afford it.
Findings from a Gallup poll last year revealed only 38 percent of respondents believed that they would have enough money to retire comfortably. That was a new low….”
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