By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Health Works CollectiveHealth Works CollectiveHealth Works Collective
  • Health
    • Mental Health
  • Policy and Law
    • Global Healthcare
    • Medical Ethics
  • Medical Innovations
  • News
  • Wellness
  • Tech
Search
© 2023 HealthWorks Collective. All Rights Reserved.
Reading: Planning to Retire Later? You’re Not Alone
Share
Notification Show More
Font ResizerAa
Health Works CollectiveHealth Works Collective
Font ResizerAa
Search
Follow US
  • About
  • Contact
  • Privacy
© 2023 HealthWorks Collective. All Rights Reserved.
Health Works Collective > News > Planning to Retire Later? You’re Not Alone
News

Planning to Retire Later? You’re Not Alone

Anthony Cirillo
Anthony Cirillo
Share
3 Min Read
retiring later
SHARE

retiring laterThe Insured Retirement Institute conducted research that found 64.4% of Baby Boomers and 70.0% of Generation Xers say that work in retirement will be a source of retirement income. Data from the Employee Benefit Research Institute (EBRI) supports this as part of a long-term trend.

retiring laterThe Insured Retirement Institute conducted research that found 64.4% of Baby Boomers and 70.0% of Generation Xers say that work in retirement will be a source of retirement income. Data from the Employee Benefit Research Institute (EBRI) supports this as part of a long-term trend. EBRI shows participation in the labor force for individuals age 65 and over, the traditional retiree group, increased from 10.7% in 1986 to 17.9% in 2011. This data shows that working in later ages is a trend, which pre-dates the “Great Recession”.

Key Findings

  • IRI research found about one-third of Baby Boomers (34.9%) and one-quarter of Generation Xers (25.1%) reported they are planning to retire at age 66 or older. Yet a significant percentage of individuals in both generations (30.8% for Baby Boomers and 26.7% for Generation Xers) state they did not know at what age they would retire.
     
  • In 2012, 50% of surveyed retirees report they retired earlier than planned. The most cited reasons are, 51% due to health issue or disability, 21% due to changes at their employer or downsizing, and 19% due to family care giving responsibilities.
     
  • Working a few extra years beyond full retirement age can have a significant positive impacton retirement readiness. According to one study, 66% of individuals are ready for retirement at age 66. If those individuals waited until age 70 to retire, their retirement readiness increases to 89%.
     
  • Among workers age 50 and older, 38% expressed an interest in a phased retirement program. Of those interested, 78% stated such a plan would encourage them to work past their expected retirement age.
     
  • IRI research found 64.4% of Baby Boomers and 70.0% of Generation Xers stated that work in retirement will be a source of retirement income.
     
  • According to a study, 75% of retirees stated the method in which they retired was to stop work all at once. This implies that those retirees who wish to work in retirement may experience a period without work as they search for employment. The current economic situation will pose serious challenges for seniors who wish to find work in retirement.

The fact that this pre-dates the recession is significant because people were already realizing that they did not have the money to retire at what we once thought was the typical retirement age. Yet, if you start young and follow a lot of what we write, you should be well on your way to retiring when you want. 

More Read

collagen supplement
What Are the Benefits of Using Collagen Supplement?
AMA Votes to “Vigorously” Stop ICD-10
As Society Ages, the Potential for Elder Abuse Increases
Competition, Investment and Markets in Cell Therapy, Tissue Engineering
How To Make Pasta Healthy

(image: retiree / shutterstock)

TAGGED:retirement
Share This Article
Facebook Copy Link Print
Share

Stay Connected

1.5kFollowersLike
4.5kFollowersFollow
2.8kFollowersPin
136kSubscribersSubscribe

Latest News

dental care
Importance of Good Dental Care for Health and Confidence
Dental health Specialties
October 2, 2025
AI in Healthcare
AI in Healthcare: Technology is Transforming the Global Landscape
Global Healthcare Policy & Law Technology
October 1, 2025
Choosing the Right Swimwear for Health and Safety
News
September 30, 2025
sports concussions
Concussion In Sports: How Common They Are And What You Need To Know
Infographics
September 28, 2025

You Might also Like

Raven Surgical Robots: Open Source Collaboration for Universities

January 16, 2012
kratom can offer a number of health benefits
News

What Are Different Forms Of Green Kratom Available Online?

November 9, 2022
News

Health Benefits of Cabin Beds with Desks for Home School Kids in Lockdown?

January 20, 2021

Anxiety of Hope? Drinking from the “Fire Hose” of Cancer News

June 7, 2014
Subscribe
Subscribe to our newsletter to get our newest articles instantly!
Follow US
© 2008-2025 HealthWorks Collective. All Rights Reserved.
  • About
  • Contact
  • Privacy
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?