Despite the alarming title of this article, it's not all gloom and doom for you Gen-Xers waiting with baited breath for us Boomers to get the heck out of the way... but it's close.
According to a new AARP poll, fully 45% of working Baby Boomers intend to work past the traditional retirement age of 65.
"Reasons for working in retirement varied, but many pre-retirees indicated that their motivation revolves around "a need for money" (22 percent). Seventeen percent said that they planned to work because of a "need for health benefits." Other leading reasons cited were: a desire to remain "mentally active" (15 percent) and to remain "productive or useful" (14 percent)," the survey said.
Most alarming is the 18% who said they would continue working into their 80's.
Imagine the effect on the health care system should Boomers actually do what they say. As if the health care crisis wasn't bad enough...
Read the entire study here.
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