Virtually 20 p.c of Individuals 65 and older are actually working, in accordance with the newest knowledge from the U.S. Bureau of Labor Statistics. That’s essentially the most older folks with a job for the reason that early Sixties, earlier than the U.S. enacted Medicare. When requested to explain their plans for retirement, 27 p.c of Individuals mentioned they may “hold working so long as potential,” a 2015 Federal Reserve research discovered. One other 12 p.c mentioned they don’t plan to retire in any respect. One of many causes for working longer is that older Individuals are quick on financial savings. As we speak, 60 p.c of U.S. households haven’t any cash in a 401(okay) or related retirement account. (bloomberg.com)
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