The fact that baby boomers are now planning to work past the typical retirement age isn’t news — but just how many plan to do it may surprise you.
A whopping 72% of workers age 60 or older are putting off retirement because they feel they can’t afford to retire, according to a new Harris Interactive/CareerBuilder study.
And it appears women are more likely to stay on the job than men — 76% of women said they plan to work longer because they can’t afford to retire, compared to 68% of men who said they’ll stay in the workforce.
Luckily for most (71%) of those who want to keep working, they enjoy their job and don’t want to leave.
Some other reasons older works say they want to stay on the job:
- To collect health insurance or other additional benefits they need (50%)
- They think retirement will be too boring (24%), and
- They enjoy feeling needed (15%).