‘I’ll never retire’: Americans break record for working past 65

May 13, 2016 by Ben Steverman

(Bloomberg) — 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 Reserve study found. Another 12 percent said they don’t plan to retire at all.

Click HERE to find out why are more people putting off retirement 

Originally Posted at Lifehealthpro on May 13, 2016 by Ben Steverman.