After falling for more than 100 years, the retirement age chosen by working Americans is edging up again, and the trend could have broad consequences for households and the economy.Full article HEREIn the mid-1980s, just 18 percent of people in their late 60s still worked, according to the Bureau of Labor Statistics. That figure is up to 29 percent, and experts believe that the number will rise as people confront the prospect of a lengthy and expensive old age with limited retirement benefits.
More than 1 in 4 baby boomers -- born from 1946 to 1964 -- plan to never retire, a recent survey by the National Association of Realtors shows.
This statistic has popped up before - and the whys of it are mixed - some people keep working because they love what they are doing. Some "retire" from their "job" and start their own business doing something they have always loved.
But - and it's a big but - many keep on working because they need the money, the health insurance and because they fear what the financial future might bring in terms of the loss of retirenemt benefits, lack of retirenemt funds, and the general overall picture of our futre sfilled with taxes to pay the debt our governemt is running up with it's Iraq occupation...
So when you are approaching what used to be considere retiebnwe age - what will you do?
It's a good question to ponder whether you are still working or if you are already sort of retired...or fully retired..
I truly believe we can all have several careers in one lifetime....so why not one you love for now?
[you can always change what you do if you so wish : - )]
No comments:
Post a Comment