‘I’ll Never Retire’: Americans Break Record for Working Past 65
According to the latest data from U.S. Bureau of Labor Statistics, almost 20% of all Americans 65+ are now employed. "I'll Never Retire," an article in Bloomberg.com, cites several different studies and explanations for the upsurge in older workers. Among the reasons people are working longer:
- They need the money.
- They like their jobs.
- Skilled, experienced workers have become more valuable to employers.
- Older Americans are healthier and living longer.
"It has become increasingly normal to be over 65 and working, as more and more boomers reach retirement age, said Torsten Sløk, chief international economist at Deutsche Bank. Now that one in five older Americans has a job, he says, “I would think this just continues to move higher.”
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