BATTLE FOR WORLD / WASHINGTON TIMES | July 7, 2019: The article highlights what has been a growing trend, that nearly one-quarter of Americans say they have no plans to retire, and according to a poll suggests a disconnection between individuals’ retirement plans and the reality of aging in the workforce.
But experts say illness, injury, layoffs and care-giving responsibilities are often factors that force older workers to leave their jobs sooner than they would like.
In a poll by The Associated Press-NORC Center for Public Affairs Research, it shows that 23% of workers, including nearly 2 in 10 of those over 50, don’t expect to stop working. And roughly another quarter of Americans say that they will continue working beyond their 65th birthday.
Government data revealed that about 1 in 5 people 65 and older were still working or was actively looking for a job in June (2019).
And for many older workers, money has a lot to do with the decision to keep working. A trend that is only increasing as food, healthcare and living expense continue to increase.
On this week’s (May 2019) episode of Stephanomics, audio link here, Matthew Boesler takes an in-depth look at this phenomenon of older Americans not retiring and how it’s reshaping the world’s largest economy.