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Respected Social Butterfly
Posts: 35,643
Registered: ‎02-27-2008

Re: Working Past 70: Americans Can’t Seem to Retire

Message 1 of 4 (471 Views)

n229052w wrote:

I can't imagine being retired.  I love the business that I own and the coaching that I am doing.  I think that if I were to retire I would get bored.

 

I tell people I know that I am doing it to help them out since my funeral and my retirement party will be on the same day, and they're invited to both, they won't have to get dressed up twice.


What kind of a business do you own and what kind of coaching do you do?

 

 

Life's a Journey, not a Destination" Aerosmith
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Posts: 5
Registered: ‎07-14-2017

Re: Working Past 70: Americans Can’t Seem to Retire

Message 2 of 4 (478 Views)

I can't imagine being retired.  I love the business that I own and the coaching that I am doing.  I think that if I were to retire I would get bored.

 

I tell people I know that I am doing it to help them out since my funeral and my retirement party will be on the same day, and they're invited to both, they won't have to get dressed up twice.

Respected Social Butterfly
Posts: 35,643
Registered: ‎02-27-2008

Re: Working Past 70: Americans Can’t Seem to Retire

Message 3 of 4 (549 Views)

nyadrn wrote:

U.S. seniors are employed at the highest rates in 55 years.

By 

Ben Steverman
July 10, 2017 at 4:00:11 AM EDT
 
The Biggest Retirement Mistake People Make
 

More and more Americans are spending their golden years on the job.

Almost 19 percent of people 65 or older were working at least part-time in the second quarter of 2017, according to the U.S. jobs report released on Friday. The age group’s employment/population ratio hasn’t been higher in 55 years, before American retirees won better health care and Social Security benefits starting in the late 1960s.

And the trend looks likely to continue. Millennials, prepare yourselves. Better yet, consider this and this, so you have a choice in the matter when your time comes.

 >>

 

I am still working.  I like seeing some positive articles about the subject.  I enjoy working and have plenty of time to travel and do all of the things that I want to do!!


 

 

 

 
Life's a Journey, not a Destination" Aerosmith
Respected Social Butterfly
Posts: 35,643
Registered: ‎02-27-2008

Working Past 70: Americans Can’t Seem to Retire

Message 4 of 4 (553 Views)
U.S. seniors are employed at the highest rates in 55 years.

By 

Ben Steverman
July 10, 2017 at 4:00:11 AM EDT
 

 

 
The Biggest Retirement Mistake People Make
 

More and more Americans are spending their golden years on the job.

Almost 19 percent of people 65 or older were working at least part-time in the second quarter of 2017, according to the U.S. jobs report released on Friday. The age group’s employment/population ratio hasn’t been higher in 55 years, before American retirees won better health care and Social Security benefits starting in the late 1960s.

And the trend looks likely to continue. Millennials, prepare yourselves. Better yet, consider this and this, so you have a choice in the matter when your time comes.

 

Certainly baby boomers are increasingly ignoring the traditional retirement age of 65. Last quarter, 32 percent of Americans 65 to 69 were employed. Even past age 70, a growing number of seniors are declining to, or unable to, retire. Last quarter, 19 percent of 70- to 74-year-olds were working, up from 11 percent in 1994.

Older Americans are working more even as those under 65 are working less, a trend that the Bureau of Labor Statistics expects to continue. By 2024, 36 percent of 65- to 69-year-olds will be active participants in the labor market, the BLS says. That’s up from just 22 percent in 1994. 

A number of factors are keeping older Americans in the workforce. Many are healthier and living longer than previous generations. Some decide not to fully retire because they enjoy their jobs or just want to stay active and alert. 

Others need the money. The longer you work, the easier it is to afford a comfortable retirement.  Longer lives and rising health care costs have made retirement more expensive at the same time that stagnant wages and the decline of the traditional pension have made it harder to save enough. 

The U.S. isn’t the only place people are planning to work longer. Around the globe, workers of all ages are moving their retirement goals later and later in life.

https://www.bloomberg.com/news/articles/2017-07-10/working-past-70-americans-can-t-seem-to-retire

Life's a Journey, not a Destination" Aerosmith