Baby Boomers

Baby Boomers

Thursday, April 6, 2017

Baby Boomers Rejecting Retirement In Record Numbers

Almost 20 percent of Americans 65 and older are now working, according to the latest data from the U.S. Bureau of Labor Statistics. That’s the most older people with a job since the early 1960s, before the U.S. enacted Medicare.

Because of the huge baby boom generation that is just now hitting retirement age, the U.S. has the largest number of older workers ever.

When asked to describe their plans for retirement, 27 percent of Americans said they will “keep working as long as possible,” a 2015 Federal Reservestudy found. Another 12 percent said they don’t plan to retire at all. (Millennials have an interesting perspective.)
Why are more people putting off retirement? 
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