Retirement, Timing of
“When asked the age at which they consider a person to be ‘too old’ to work, more than half of workers* (54%) say ‘it depends on the person.’ Across generations, Baby Boomers are most likely to say it depends on the person (69%), followed by Generation X (54%) and…
“When asked the age at which they consider a person to be ‘too old’ to work, more than half of workers* (54%) say ‘it depends on the person.’ Across generations, Baby Boomers are most likely to say it depends on the person (69%), followed by Generation X (54%) and Millennials (44%). Among those who provided a specific age, workers say age 75 (median) is “too old” to work,” according to an analysis of date from the 2017 Transamerica Retirement Survey. (p. 15)
* Full-time or part-time workers aged 18+ in a for-profit company employing 5 or more people
Collinson, C. (2017). Wishful thinking or within reach? 3 generations prepare for retirement. Los Angeles, CA: Transamerica Center for Retirement Studies. Retrieved from https://www.transamericacenter.org/docs/default-source/retirement-survey-of-workers/tcrs2017_sr_three-generations_prepare_for_retirement.pdf
The analysis contained in this report was prepared internally by the research team at Transamerica Center for Retirement Studies®(TCRS). A 25-minute, online survey was conducted between August 9 and October 28, 2017 among a nationally representative sample of 6,372 workers by Harris Poll for TCRS. Respondents met the following criteria: U.S. residents, age 18 or older; Full-time or part-time workers in a for-profit company employing 5 or more people.
Among workers* aged 18+ participating in the 2017 Transamerica Retirement Survey, “3 in ten workers (30%) dream of doing some form of work in retirement, including “pursuing an encore career” (13%), “starting a…
Among workers* aged 18+ participating in the 2017 Transamerica Retirement Survey, “3 in ten workers (30%) dream of doing some form of work in retirement, including “pursuing an encore career” (13%), “starting a business” (13%) and/or “continuing to work in the same field” (11%).“ (p. 10)
* Full-time or part-time workers in a for-profit company employing 5 or more people
Collinson, C. (2017). Wishful thinking or within reach? 3 generations prepare for retirement. Los Angeles, CA: Transamerica Center for Retirement Studies. Retrieved from https://www.transamericacenter.org/docs/default-source/retirement-survey-of-workers/tcrs2017_sr_three-generations_prepare_for_retirement.pdf
The analysis contained in this report was prepared internally by the research team at Transamerica Center for Retirement Studies®(TCRS). A 25-minute, online survey was conducted between August 9 and October 28, 2017 among a nationally representative sample of 6,372 workers by Harris Poll for TCRS. Respondents met the following criteria: U.S. residents, age 18 or older; Full-time or part-time workers in a for-profit company employing 5 or more people
Among currently employed* Baby Boomers (born 1946 to 1964), “54% plan to continue working after they retire”; however, “only 42% are proactively keeping their skills up to date so they can…
Among currently employed* Baby Boomers (born 1946 to 1964), “54% plan to continue working after they retire”; however, “only 42% are proactively keeping their skills up to date so they can continue working past 65 or in retirement, if needed. Only 28% have a backup plan for retirement income if unable to work prior to their planned retirement,” according to a 2017 analysis of data from the Transamerica Retirement Survey. (p. 9)
* Full-time or part-time workers in a for-profit company employing 5 or more people
Collinson, C. (2017). Wishful thinking or within reach? 3 generations prepare for retirement. Los Angeles, CA: Transamerica Center for Retirement Studies. Retrieved from https://www.transamericacenter.org/docs/default-source/retirement-survey-of-workers/tcrs2017_sr_three-generations_prepare_for_retirement.pdf
The analysis contained in this report was prepared internally by the research team at Transamerica Center for Retirement Studies®(TCRS). A 25-minute, online survey was conducted between August 9 and October 28, 2017 among a nationally representative sample of 6,372 workers by Harris Poll for TCRS. Respondents met the following criteria: U.S. residents, age 18 or older; Full-time or part-time workers in a for-profit company employing 5 or more people
“39% of employed individuals age 65 and older say that they had retired at some point previously…that is, they reentered the labor force…
“39% of employed individuals age 65 and older say that they had retired at some point previously…that is, they reentered the labor force at some point after initiating a retirement transition,” according to a 2017 analysis of data from a RAND survey. (p. 12 and fig. 3.2)
Maestas, N., Mullen, K. J., Powell, D., von Wachter, T., & Wenger, J. B. (2017). Working conditions in the United States: Results of the 2015 American Working Conditions Survey. Santa Monica, CA: RAND Corporation. Retrieved from https://www.rand.org/pubs/research_reports/RR2014.html
The AWCS data come from a survey fielded between July 15 and October 14, 2015, to participants in the ALP. The ALP is a nationally representative (when weighted) sample of individuals residing in the United States who have agreed to participate in regular online surveys. The AWCS was the 436th survey fielded in the ALP.
Among workers aged 55 and older who participated in the Health and Retirement Survey from 1992-2010, “by age 62, 57% are no longer in the labor force, 26% are still in their ‘career’ occupation (that is, longest held occupation), and 17% have changed from…
Among workers aged 55 and older who participated in the Health and Retirement Survey from 1992-2010, “by age 62, 57% are no longer in the labor force, 26% are still in their ‘career’ occupation (that is, longest held occupation), and 17% have changed from their career occupation to another occupation, potentially indicating bridge employment or unretirement,” according to a 2016 analysis of data from the Health and Retirement Survey. By age 66, 73% are not in the labor force, while about 13% are in the same occupation and 13% are in different occupations. (p. 12 and Table 4)
Sonnega, A., Helppie McFall, B., & Willis, R. J. (2016). Occupational transitions at older ages: What moves are people making? (Working Paper No. WP 2016-352). Ann Arbor, MI: University of Michigan Retirement Research Center. Retrieved from http://www.mrrc.isr.umich.edu/publications/papers/pdf/wp352.pdf
This study is based on analysis of date from the Health and Retirement Survey (HRS). The HRS is a longitudinal biennial survey of adults in the United States that is nationally representative of the population older than 50. We use HRS data on job history and the detailed occupation of jobs held by HRS respondents across 10 biennial waves of data collection between 1992 and 2010.
According to a 2017 survey conducted for AICPA by Harris Poll, “non-retired Americans are more likely than those who are currently retired to plan on making at least one financial sacrifice in retirement (92% vs. 72%). In fact, non-retired Americans are more likely to anticipate…
According to a 2017 survey conducted for AICPA by Harris Poll, “non-retired Americans are more likely than those who are currently retired to plan on making at least one financial sacrifice in retirement (92% vs. 72%). In fact, non-retired Americans are more likely to anticipate a sacrifice in every category, including:
Working full-time longer than expected (45% non-retired vs. 11% retired);
Working a part time job (43% non-retired vs. 17% retired);
Moving to a less expensive city or town (40% non-retired vs. 22% retired);
Forgoing medical care or treatment (28% non-retired vs. 14% retired).”
American Institute of Certified Public Accountants. (2017). Less than half of non-retired Americans confident they’ll reach financial goals by retirement: AICPA survey. Retrieved April 28, 2017, from http://www.aicpa.org/Press/PressReleases/2017/Pages/Less-than-Half-of-Non-Retired-Americans-Confident-Theyll-Reach-Financial-Goals-by-Retirement-AICPA-Survey.aspx
This Harris Poll was conducted by telephone within the United States between March 24 and 27, 2017, among 1,018 adults (505 men and 513 women aged 18 and over) including 518 interviews from the landline sample and 500 interviews from the cell phone sample. 650 adults self-identified as “non-retired” and 322 as “retired”. Figures for age, sex, race/ethnicity, education, region and household income were weighted (using data from the Current Population Survey) where necessary to bring them into line with their actual proportions in the population.
“Almost two in three (64%) retirees aged 65+ reported that personal circumstances — ranging from health issues to a desire for more leisure time — were quite or extremely important to their retirement decision,” according to a 2016 survey by Willis Towers Watson. “More than half (56%) of…
“Almost two in three (64%) retirees aged 65+ reported that personal circumstances — ranging from health issues to a desire for more leisure time — were quite or extremely important to their retirement decision,” according to a 2016 survey by Willis Towers Watson. “More than half (56%) of retirees cited employer retirement plans and other employer incentives as key factors in their decision to retire,” while 23% gave reasons related to their working environment, such as “feeling disengaged from their employer, their job or both,” and 14% mentioned capability to do the job due to health or other reasons. (Fig. 1)
*With an average household income of $81,907, these respondents had higher incomes than the typical U.S. retiree (the national averages are $53,500 for those over 65 and $63,900 for those between 65 and 74) Moreover, these retirees enjoyed employer-based retiree medical insurance, which most U.S. retirees do not.
Garabato, N. (2016). Why workers retire when they do: A survey of U.S. retirees. US: Willis Towers Watson. Retrieved from https://www.towerswatson.com/en/Insights/Newsletters/Americas/insider/2016/01/why-workers-retire-when-they-do-a-survey-of-u-s-retirees
“The percentage of workers planning to work for pay in retirement now stands at 79%, compared with just 29% of retirees who report they have worked for pay in retirement, according to the EBRI 2017 Retirement Confidence Survey. (Fig. 28)
“The percentage of workers planning to work for pay in retirement now stands at 79%, compared with just 29% of retirees who report they have worked for pay in retirement, according to the EBRI 2017 Retirement Confidence Survey. (Fig. 28)
Greenwald, L., Craig Copeland, C., & VanDerhei, J. (2017). The 2017 retirement confidence survey: Many workers lack retirement confidence and feel stressed about retirement preparations. (EBRI Issue Brief No. 431). Washington, DC: Employee Benefit Research Institute. Retrieved from https://www.ebri.org/pdf/briefspdf/EBRI_IB_431_RCS.21Mar17.pdf
These findings are part of the 27th annual Retirement Confidence Survey (RCS), a survey that gauges the views and attitudes of working-age and retired Americans regarding retirement, their preparations for retirement, their confidence with regard to various aspects of retirement, and related issues. The survey was conducted from Jan. 6, 2017 to Jan.13, 2017 through online interviews with 1,671 individuals (1,082 workers and 589 retirees) ages 25 and older in the United States.
According to the EBRI 2017 Retirement Confidence Survey, "nearly 4 in 10 (38%) of workers expect to retire at 70 or beyond, while only 4% of retirees report this was the case. Just 9% of workers say they plan to retire before age 60, compared with 39% of retirees who report they retired that…
According to the EBRI 2017 Retirement Confidence Survey, "nearly 4 in 10 (38%) of workers expect to retire at 70 or beyond, while only 4% of retirees report this was the case. Just 9% of workers say they plan to retire before age 60, compared with 39% of retirees who report they retired that early. 17% of workers say they plan to retire between the ages of 60 and 64, although 38% of retirees say they retired in that age range." (p. 19, fig.26)
Greenwald, L., Craig Copeland, C., & VanDerhei, J. (2017). The 2017 retirement confidence survey: Many workers lack retirement confidence and feel stressed about retirement preparations. (EBRI Issue Brief No. 431). Washington, DC: Employee Benefit Research Institute. Retrieved from https://www.ebri.org/pdf/briefspdf/EBRI_IB_431_RCS.21Mar17.pdf
These findings are part of the 27th annual Retirement Confidence Survey (RCS), a survey that gauges the views and attitudes of working-age and retired Americans regarding retirement, their preparations for retirement, their confidence with regard to various aspects of retirement, and related issues. The survey was conducted from Jan. 6, 2017 to Jan.13, 2017 through online interviews with 1,671 individuals (1,082 workers and 589 retirees) ages 25 and older in the United States.
“Half of women (50%) plan to work after they retire, including 11% who plan to work full-time and 39% who plan to work part-time. Similarly, 52% of men plan to work after they retire, including 15% full-time and 37% part-time,” according to a 2017 report on the Transamerica retirement survey of…
“Half of women (50%) plan to work after they retire, including 11% who plan to work full-time and 39% who plan to work part-time. Similarly, 52% of men plan to work after they retire, including 15% full-time and 37% part-time,” according to a 2017 report on the Transamerica retirement survey of over 4000 adult workers age 18+. (p. 6)
Collinson, C. (2017). Seventeen facts about women's retirement outlook: Select findings from the 17th annual Transamerica retirement survey of workers. Los Angeles: Transamerica Center for Retirement Studies. Retrieved from https://www.transamericacenter.org/docs/default-source/women-and-retirement/tcrs2017_sr_women_and_retirement_17_facts.pdf
A 25-minute, online survey was conducted between April 11 and May 12, 2016 among a nationally representative sample of 4,161 workers including 2,315 women and 1,837 men using the Harris online panel. Respondents met the following criteria:–U.S. residents, age 18 or older. Full-time or part-time workers in a for-profit company employing 10 or more people.
According to a 2017 report from Transamerica based on the global Aegon Retirement Readiness Survey, almost 70% of self-employed workers envision a flexible transition to retirement. Among those, 46% expect to transition to working part-time or on temporary contracts, while 23% expect to…
According to a 2017 report from Transamerica based on the global Aegon Retirement Readiness Survey, almost 70% of self-employed workers envision a flexible transition to retirement. Among those, 46% expect to transition to working part-time or on temporary contracts, while 23% expect to continue working as they currently do. In contrast, 32% of self-employed workers expect to stop working completely and enter full retirement. (Chart 4, p. 10)
Retirement preparations in a new age of self-employment. (2017). Los Angeles: Transamerica Center for Retirement Studies. Retrieved from http://www.transamericacenter.org/docs/default-source/global-survey-2016/tcrs2017_sr_retirement_preparations_of_self-employed.pdf
This report is based on findings from Aegon’s 5th Annual Retirement Readiness Survey (ARRS) and spotlights how the self-employed view and are preparing for retirement. The survey comprises 17,600 respondents, of whom 1,600 self-identify as being self-employed in 15 countries spanning Europe,the Americas, Asia, and Australia.
According to a 2016 analysis of data from the Bureau of Labor Statistics, labor force "participation fell substantially when individuals reach age 62 (the age they first become eligible for Social Security benefits) and again at age 65 (the age they become eligible for full Social Security…
According to a 2016 analysis of data from the Bureau of Labor Statistics, labor force "participation fell substantially when individuals reach age 62 (the age they first become eligible for Social Security benefits) and again at age 65 (the age they become eligible for full Social Security benefits). In 2015, the rate for women fell by 4.6 percentage points at age 62 and by 4.8 percentage points at age 65. For men, the decreases at age 62 and age 65 were 7.3 percentage points and 6.5 percentage points, respectively." (See table 4.)
Hipple, S. F. (2016). Labor force participation: What has happened since the peak? Monthly Labor Review (September). Retrieved from http://www.bls.gov/opub/mlr/2016/article/labor-force-participation-what-has-happened-since-the-peak.htm
This article describes historical trends in labor force participation on the basis of estimates from the Current Population Survey (CPS)
According to the 2016 Aegon Retirement Readiness Survey conducted in 15 countries, "regarding the possibility of raising the retirement age [for full entitlements] to offset the costs of people living longer, 39% of respondents say that the retirement age should remain unchanged, almost double…
According to the 2016 Aegon Retirement Readiness Survey conducted in 15 countries, "regarding the possibility of raising the retirement age [for full entitlements] to offset the costs of people living longer, 39% of respondents say that the retirement age should remain unchanged, almost double the proportion who think it should increase in line with life expectancy (20%)," while 18% say that the retirement age should increase except for those in dangerous jobs or for manual workers, according to the 2016 Aegon Retirement Readiness Survey conducted in 15 countries*. (p. 13 and chart 7)
Aegon. (2016). A retirement wake-up call: The Aegon retirement readiness survey 2016. The Hague, Netherlands: Aegon Center for Longevity and Retirement. Retrieved from http://www.aegon.com/Documents/aegon-com/Research/2016-Retirement-Survey/Aegon-Retirement-Readiness-Survey-2016.pdf
The findings in this report are based on the responses of 14,400 employees and 1,600 retired people in 15 countries: Australia,Brazil, Canada, China, France, Germany, Hungary, India, Japan, the Netherlands, Poland, Spain, Turkey, the United Kingdom and the United States. Interviews were conducted online between February 6 and 25, 2016.
According to the 2016 Transamerica retirement survey, “78% of employers agree that they are supportive of their employees working past age 65 and delaying retirement, including 31% who “strongly agree” and 47% who “somewhat agree.” On the other hand, workers are less likely to believe that their…
According to the 2016 Transamerica retirement survey, “78% of employers agree that they are supportive of their employees working past age 65 and delaying retirement, including 31% who “strongly agree” and 47% who “somewhat agree.” On the other hand, workers are less likely to believe that their employers are indeed supportive, with 71% agreeing that their employers are supportive, of whom 23% “strongly agree” and 48% “somewhat agree.” (p. 37)
Collinson, S. (2016). The current state of 401(k)s: The employer's perspective. 16th annual Transamerica retirement survey. Los Angeles: Transamerica Center for Retirement Studies. Retrieved from https://www.transamericacenter.org/docs/default-source/employer-research/tcrs2016_sr_the_current_state_of_401ks_the_employer_perspective.pdf
A 29-minute survey was conducted between September 15 –December 3, 2015 among a nationally representative sample of 1,022 employers by Harris Poll for Transamerica Center for Retirement Studies. In addition, A 25-minute online survey was conducted between February 18 –March 17, 2015 among a nationally representative sample of 4,550 workers by Harris Poll for Transamerica Center for Retirement Studies
According to the 2015 Retirement Confidence Survey, "16% of workers in the 2015 RCS say the age at which they expect to retire has changed in the past year, and of those, the large majority (81%) report their expected retirement age has increased." However, the overall percentage of workers…
According to the 2015 Retirement Confidence Survey, "16% of workers in the 2015 RCS say the age at which they expect to retire has changed in the past year, and of those, the large majority (81%) report their expected retirement age has increased." However, the overall percentage of workers reporting that they expect to retire later than originally planned has "decreased from 22% in 2013 to 15 percent in 2014 and 13% in 2015." (p. 23, fig 31)
Helman, R., Copeland, C., & VanDerhei, J. (2015). The 2015 retirement confidence survey: Having a retirement savings plan a key factor in Americans' retirement confidence. (Issue Brief No. 413). Washington, DC: Employee Benefit Research Institute. Retrieved from http://www.ebri.org/pdf/surveys/rcs/2015/EBRI_IB_413_Apr15_RCS-2015.pdf
The survey was conducted in January and February 2015 through 20-minute telephone interviews with 2,004 individuals (1,003 workers and 1,001 retirees) age 25 and older in the United States.
According to a 2016 analysis of Current Population Survey data, during the 10 years between 2004 and 2014
"the percentage who cited illness or disability as the main reason [for not being in the labor force] increased from 5.5 % to 6.5%. The proportion citing home responsibilities…
According to a 2016 analysis of Current Population Survey data, during the 10 years between 2004 and 2014
"the percentage who cited illness or disability as the main reason [for not being in the labor force] increased from 5.5 % to 6.5%. The proportion citing home responsibilities declined from 6.0% in 2004 to 5.4% in 2014.
Bureau of Labor Statistics. (2016). Reasons people give for not being in the labor force, 2004 and 2014 : The economics daily: Retrieved January 31, 2016, from http://www.bls.gov.proxy.bc.edu/opub/ted/2016/reasons-people-give-for-not-being-in-the-labor-force-2004-and-2014.htm
These data are from the Current Population Survey and its Annual Social and Economic Supplement (ASEC). The data are limited to people who were not in the labor force at any time during the reference year and the reasons they gave for not working.
According to the 2015 Retirement Confidence Survey, "statistically, there are no differences in the age at which workers plan to retire by gender; both groups have median expected retirement age of 65 (page 3 and Figure 5)
According to the 2015 Retirement Confidence Survey, "statistically, there are no differences in the age at which workers plan to retire by gender; both groups have median expected retirement age of 65 (page 3 and Figure 5)
EBRI. (2015). Gender and marital status comparisons among workers. (RCS Fact Sheet No. 5). Washington DC: Employee Benefit Research Institute. Retrieved from https://www.ebri.org/pdf/surveys/rcs/2015/RCS15.FS-5.Gender.pdf
The survey was conducted in January and February 2015 through 20-minute telephone interviews with 2,004 individuals (1,003 workers and 1,001 retirees) age 25 and older in the United States.
According to a 2015 Transamerica survey, among retirees who were asked to self-identify as either fully retired or semi-retired, "91% of retirees say they are fully retired and they retired at age 62 (median). 61% retired before the age of 65. As for the other 9% of retirees who self-identify as…
According to a 2015 Transamerica survey, among retirees who were asked to self-identify as either fully retired or semi-retired, "91% of retirees say they are fully retired and they retired at age 62 (median). 61% retired before the age of 65. As for the other 9% of retirees who self-identify as semi-retired, they expect to stop working altogether and fully retire at age 70 (median)." (p. 8)
Collinson, C. (2015). The current state of retirement: Pre - retiree expectations and retiree realities. US: Transamerica Cener for Retirement Studies. Retrieved from http://www.transamericacenter.org/docs/default-source/retirees-survey/retirees_survey_2015_report.pdf
Harris Poll conducted the Transamerica Retirement Surveys. A 24-minute, online survey was conducted between July 6 –24, 2015 among a nationally representative sample of 2,012 people using the Harris Poll online panel. Retirees met the following criteria: U.S. residents, age 50 or older,Consider themselves to be fully or semi-retired, Worked for a for-profit company employing 10 or more people for the majority of their career. A 25-minute, online survey was conducted between February 18-March 17, 2015 among a nationally representative sample of 4,550 workers by Harris Poll online panel. Respondents met the following criteria:U.S. residents, age 18 or older, Full-time or part-time workers in a for-profit company employing 10 or more people.
According to a 2015 Transamerica survey, among retirees who were asked to self-identify as either fully retired or semi-retired, "91% of retirees say they are fully retired and they retired at age 62 (median). 61% retired before the age of 65. As for the other 9% of retirees who self-identify as…
According to a 2015 Transamerica survey, among retirees who were asked to self-identify as either fully retired or semi-retired, "91% of retirees say they are fully retired and they retired at age 62 (median). 61% retired before the age of 65. As for the other 9% of retirees who self-identify as semi-retired, they expect to stop working altogether and fully retire at age 70 (median)." (p. 8)
Collinson, C. (2015). The current state of retirement: Pre - retiree expectations and retiree realities. US: Transamerica Cener for Retirement Studies. Retrieved from http://www.transamericacenter.org/docs/default-source/retirees-survey/retirees_survey_2015_report.pdf
Harris Poll conducted the Transamerica Retirement Surveys. A 24-minute, online survey was conducted between July 6-24, 2015 among a nationally representative sample of 2,012 people using the Harris Poll online panel. Retirees met the following criteria: U.S. residents, age 50 or older,Consider themselves to be fully or semi-retired, Worked for a for-profit company employing 10 or more people for the majority of their career. A 25-minute, online survey was conducted between February 18-March 17, 2015 among a nationally representative sample of 4,550 workers by Harris Poll online panel. Respondents met the following criteria:U.S. residents, age 18 or older, Full-time or part-time workers in a for-profit company employing 10 or more people.
According to a 2015 Transamerica survey, "The majority of retirees (60 percent) retired sooner than planned. Seven percent retired later than planned and 33 percent retired when they had planned. Among retirees who retired sooner than planned, 66 percent did so for employment-related reasons…
According to a 2015 Transamerica survey, "The majority of retirees (60 percent) retired sooner than planned. Seven percent retired later than planned and 33 percent retired when they had planned. Among retirees who retired sooner than planned, 66 percent did so for employment-related reasons such as organizational changes, job loss, unhappiness with job/career or received a buyout. Twenty-seven percent did so due to health reasons and 11 percent for family responsibilities (e.g., becoming a caregiver). Only 16 percent retired because they found they had saved enough or received a windfall. (p. 9)
Collinson, C. (2015). The current state of retirement: Pre - retiree expectations and retiree realities. US: Transamerica Cener for Retirement Studies. Retrieved from http://www.transamericacenter.org/docs/default-source/retirees-survey/retirees_survey_2015_report.pdf
Harris Poll conducted the Transamerica Retirement Surveys. A 24-minute, online survey was conducted between July 6-24, 2015 among a nationally representative sample of 2,012 people using the Harris Poll online panel. Retirees met the following criteria: U.S. residents, age 50 or older,Consider themselves to be fully or semi-retired, Worked for a for-profit company employing 10 or more people for the majority of their career. A 25-minute, online survey was conducted between February 18 -March 17, 2015 among a nationally representative sample of 4,550 workers by Harris Poll online panel. Respondents met the following criteria:U.S. residents, age 18 or older, Full-time or part-time workers in a for-profit company employing 10 or more people.
According to a 2015 Transamerica survey, "among retirees who retired later than planned, most (61 percent) did so for financial reasons or the need for benefits. Forty-four percent say they delayed retirement for reasons of enjoyment."
According to a 2015 Transamerica survey, "among retirees who retired later than planned, most (61 percent) did so for financial reasons or the need for benefits. Forty-four percent say they delayed retirement for reasons of enjoyment."
Collinson, C. (2015). The current state of retirement: Pre - retiree expectations and retiree realities. US: Transamerica Cener for Retirement Studies. Retrieved from http://www.transamericacenter.org/docs/default-source/retirees-survey/retirees_survey_2015_report.pdf
Harris Poll conducted the Transamerica Retirement Surveys. A 24-minute, online survey was conducted between July 6 –24, 2015 among a nationally representative sample of 2,012 people using the Harris Poll online panel. Retirees met the following criteria: U.S. residents, age 50 or older,Consider themselves to be fully or semi-retired, Worked for a for-profit company employing 10 or more people for the majority of their career. A 25-minute, online survey was conducted between February 18 –March 17, 2015 among a nationally representative sample of 4,550 workers by Harris Poll online panel. Respondents met the following criteria:U.S. residents, age 18 or older, Full-time or part-time workers in a for-profit company employing 10 or more people.
According to a 2015 Transamerica survey, among persons identifying themselves as retired or semi-retired, "fewer than five percent are either pursuing an encore career, working in their current field, or starting a business. Retirees say that they are spending more time with family and friends…
According to a 2015 Transamerica survey, among persons identifying themselves as retired or semi-retired, "fewer than five percent are either pursuing an encore career, working in their current field, or starting a business. Retirees say that they are spending more time with family and friends (53 percent), pursuing hobbies (40 percent), traveling (33 percent), and doing volunteer work (24 percent). Eleven percent are taking care of their grandchildren and seven percent are caregiving. (p. 10)
Collinson, C. (2015). The current state of retirement: Pre - retiree expectations and retiree realities. US: Transamerica Cener for Retirement Studies. Retrieved from http://www.transamericacenter.org/docs/default-source/retirees-survey/retirees_survey_2015_report.pdf
Harris Poll conducted the Transamerica Retirement Surveys. A 24-minute, online survey was conducted between July 6 –24, 2015 among a nationally representative sample of 2,012 people using the Harris Poll online panel. Retirees met the following criteria: U.S. residents, age 50 or older,Consider themselves to be fully or semi-retired, Worked for a for-profit company employing 10 or more people for the majority of their career. A 25-minute, online survey was conducted between February 18 –March 17, 2015 among a nationally representative sample of 4,550 workers by Harris Poll online panel. Respondents met the following criteria:U.S. residents, age 18 or older, Full-time or part-time workers in a for-profit company employing 10 or more people.
According to a 2015 AARP survey of full-time workers aged 50-64, "the most popular age for [projected] retirement falls between 65-69 (45%). The balance of respondents are split between retiring early, before the age of 65 (23%), or late, at 70+ (26%). Very few (6%) have no plans to retire. (p…
According to a 2015 AARP survey of full-time workers aged 50-64, "the most popular age for [projected] retirement falls between 65-69 (45%). The balance of respondents are split between retiring early, before the age of 65 (23%), or late, at 70+ (26%). Very few (6%) have no plans to retire. (p. 4)
Anderson, G. (2015). AARP post-retirement career study. Washington DC: AARP. Retrieved from http://www.aarp.org/content/dam/aarp/research/surveys_statistics/econ/2015/aarp-work-jobs-report-res-econ.pdf
A 5-minute online survey was conducted among males and females age 50-64 who currently work full-time. The survey was fielded July 27- August 3, 2015. A total of n=4975 respondents participated., with 1828 completins the entire survey.
According to a 2015 AARP survey of full-time workers aged 50-64, "nearly 7 in 10 (68%) say they plan to retire at or after the age of 65. Over one third of respondents think they would pursue paid work if they decided to retire from their current job today." (p. 7)
According to a 2015 AARP survey of full-time workers aged 50-64, "nearly 7 in 10 (68%) say they plan to retire at or after the age of 65. Over one third of respondents think they would pursue paid work if they decided to retire from their current job today." (p. 7)
Anderson, G. (2015). AARP post-retirement career study. Washington DC: AARP. Retrieved from http://www.aarp.org/content/dam/aarp/research/surveys_statistics/econ/2015/aarp-work-jobs-report-res-econ.pdf
A 5-minute online survey was conducted among males and females age 50-64 who currently work full-time. The survey was fielded July 27- August 3, 2015. A total of n=4975 respondents participated, with 1828 completing the entire survey.
According to the 2015 EBRI Retirement Confidence Survey of workers and retirees age 25+, a large percentage of retirees leave the work force earlier than planned (50 percent in 2015). Many retirees who retired earlier than planned cite hardships for leaving the work force when they did,…
According to the 2015 EBRI Retirement Confidence Survey of workers and retirees age 25+, a large percentage of retirees leave the work force earlier than planned (50 percent in 2015). Many retirees who retired earlier than planned cite hardships for leaving the work force when they did, including health problems or disability (60 percent), changes at their company, such as downsizing or closure (27 percent), and having to care for a spouse or another family member (22 percent). Others say changes in the skills required for their job (10 percent) or other work-related reasons (22 percent) played a role. Of course, some retirees mention positive reasons for retiring early, such as being able to afford an earlier retirement (31 percent) or wanting to do something else (17 percent)." (p. 26-27)
Helman, R., Copeland, C., & VanDerhei, J. (2015). The 2015 retirement confidence survey: Having a retirement savings plan a key factor in Americans' retirement confidence. (Issue Brief No. 413). Washington, DC: Employee Benefit Research Institute. Retrieved from http://www.ebri.org/pdf/surveys/rcs/2015/EBRI_IB_413_Apr15_RCS-2015.pdf
The survey was conducted in January and February 2015 through 20-minute telephone interviews with 2,004 indiv iduals (1,003 workers and 1,001 retirees) age 25 and older in the United States.
According to the 2015 EBRI Retirement Confidence Survey, the age at which workers plan to retire has crept upward over time. In particular, the percentage of workers who expect to retire after age 65 has increased, from 11 percent in 1991, to 19 percent in 2000, 24 percent in 2005, 33 percent in…
According to the 2015 EBRI Retirement Confidence Survey, the age at which workers plan to retire has crept upward over time. In particular, the percentage of workers who expect to retire after age 65 has increased, from 11 percent in 1991, to 19 percent in 2000, 24 percent in 2005, 33 percent in 2010, and 36 percent in the 2015 RCS. Additionally, 1 in 10 in the 2015 RCS (10 percent) say they never plan to retire. Nevertheless, the median (midpoint) age at which workers expect to retire has remained stable at 65 for most of this time." (p. 25)
Helman, R., Copeland, C., & VanDerhei, J. (2015). The 2015 retirement confidence survey: Having a retirement savings plan a key factor in Americans' retirement confidence. (Issue Brief No. 413). Washington, DC: Employee Benefit Research Institute. Retrieved from http://www.ebri.org/pdf/surveys/rcs/2015/EBRI_IB_413_Apr15_RCS-2015.pdf
The survey was conducted in January and February 2015 through 20-minute telephone interviews with 2,004 indiv iduals (1,003 workers and 1,001 retirees) age 25 and older in the United States.
According to the 2015 EBRI Retirement Confidence Survey of workers and retirees age 25+, "in 1991, only 8 percent of retirees said they retired after age 65. This percentage is 14 percent in 2015 . The median (midpoint) age at which retirees report they retired has remained at age 62 throughout…
According to the 2015 EBRI Retirement Confidence Survey of workers and retirees age 25+, "in 1991, only 8 percent of retirees said they retired after age 65. This percentage is 14 percent in 2015 . The median (midpoint) age at which retirees report they retired has remained at age 62 throughout this time." (p. 25)
Helman, R., Copeland, C., & VanDerhei, J. (2015). The 2015 retirement confidence survey: Having a retirement savings plan a key factor in Americans' retirement confidence. (Issue Brief No. 413). Washington, DC: Employee Benefit Research Institute. Retrieved from http://www.ebri.org/pdf/surveys/rcs/2015/EBRI_IB_413_Apr15_RCS-2015.pdf
The survey was conducted in January and February 2015 through 20-minute telephone interviews with 2,004 indiv iduals (1,003 workers and 1,001 retirees) age 25 and older in the United States.
According to the 2015 EBRI Retirement Confidence Survey of workers and retirees age 25+, "just 9 percent of workers say they plan to retire before age 60, compared with 36 percent of retirees who report they retired that early. Sixteen percent of workers plan to retire between the ages of 60-64…
According to the 2015 EBRI Retirement Confidence Survey of workers and retirees age 25+, "just 9 percent of workers say they plan to retire before age 60, compared with 36 percent of retirees who report they retired that early. Sixteen percent of workers plan to retire between the ages of 60-64, although 29 percent of retirees retired in that age range. On the other hand, 26 percent of workers plan to wait (compared with 6 percent of retirees who actually waited) at least until age 70 to retire and 10 percent of workers indicate they will never retire. (p. 25)
Helman, R., Copeland, C., & VanDerhei, J. (2015). The 2015 retirement confidence survey: Having a retirement savings plan a key factor in Americans' retirement confidence. (Issue Brief No. 413). Washington, DC: Employee Benefit Research Institute. Retrieved from http://www.ebri.org/pdf/surveys/rcs/2015/EBRI_IB_413_Apr15_RCS-2015.pdf
The survey was conducted in January and February 2015 through 20-minute telephone interviews with 2,004 indiv iduals (1,003 workers and 1,001 retirees) age 25 and older in the United States.
According to a 2015 survey by Transamerica, among employed adults age 18+, "eighty-two percent either plan to or are already working past age 65 -- or they do not plan to retire. Half are planning to continue working in retirement, at least part-time, and mostly for reasons of income and health…
According to a 2015 survey by Transamerica, among employed adults age 18+, "eighty-two percent either plan to or are already working past age 65 -- or they do not plan to retire. Half are planning to continue working in retirement, at least part-time, and mostly for reasons of income and health benefits. Forty-two percent are envisioning a phased transition into retirement. Seventy-three percent believe their transition, phased or otherwise, will take place at their current employer. (p. 8)
Collinson, C. (2015). Retirement throughout the ages: Expectations and preparations of American workers. 16th annual Transamerica retirement survey of workers. Los Angeles: Transamerica Center for Retirement Studies. Retrieved from http://www.transamericacenter.org/docs/default-source/resources/center-research/16th-annual/tcrs2015_sr_retirement_throughout_the_ages.pdf
A 22-minute, online survey was conducted between February 18 - March 17, 2015 among a nationally representative sample of 4,550 workers by Harris Poll for Transamerica Center for Retirement Studies. Respondents met the following criteria: U.S. residents, age 18 or older. Full-time or part-time workers in a for-profit company employing 10 or more people.
According to a 2015 survey by Transamerica, among employed adults age 18+, "fifty-eight percent of workers plan to work past age 65 or do not plan to retire, but expectations differ across age ranges. Sixty-one percent of workers in their Forties, 59 percent of workers in their Fifties, and 82…
According to a 2015 survey by Transamerica, among employed adults age 18+, "fifty-eight percent of workers plan to work past age 65 or do not plan to retire, but expectations differ across age ranges. Sixty-one percent of workers in their Forties, 59 percent of workers in their Fifties, and 82 percent of workers in their Sixties and older plan to work past age 65 or do not plan to retire. In contrast, half of workers in their Twenties and Thirties expect to retire at age 65 or sooner." (p. 10)
Collinson, C. (2015). Retirement throughout the ages: Expectations and preparations o fAmerican workers. 16th annual Transamerica retirement survey of workers. Los Angeles: Transamerica Center for Retirement Studies. Retrieved from http://www.transamericacenter.org/docs/default-source/resources/center-research/16th-annual/tcrs2015_sr_retirement_throughout_the_ages.pdf
A 22-minute, online survey was conducted between February 18 – March 17, 2015 among a nationally representative sample of 4,550 workers by Harris Poll for Transamerica Center for Retirement Studies. Respondents met the following criteria: •U.S. residents, age 18 or older. •Full-time or part-time workers in a for-profit company employing 10 or more people.
According to a 2015 survey by Transamerica, among employed adults age 18+, "about half (51 percent) of workers plan to work after they retire, including 39 percent who plan to work part-time and 12 percent full-time. Expectations of working in retirement are generally similar across age ranges…
According to a 2015 survey by Transamerica, among employed adults age 18+, "about half (51 percent) of workers plan to work after they retire, including 39 percent who plan to work part-time and 12 percent full-time. Expectations of working in retirement are generally similar across age ranges." (p. 10)
Collinson, C. (2015). Retirement throughout the ages: Expectations and preparations of American workers. 16th annual Transamerica retirement survey of workers. Los Angeles: Transamerica Center for Retirement Studies. Retrieved from http://www.transamericacenter.org/docs/default-source/resources/center-research/16th-annual/tcrs2015_sr_retirement_throughout_the_ages.pdf
A 22-minute, online survey was conducted between February 18 - March 17, 2015 among a nationally representative sample of 4,550 workers by Harris Poll for Transamerica Center for Retirement Studies. Respondents met the following criteria: -U.S. residents, age 18 or older. -Full-time or part-time workers in a for-profit company employing 10 or more people.
According to a 2015 survey of middle-income boomers, "nearly one-third (28%) of retired Boomers indicate that they are either currently employed or have been employed for pay in retirement. Of retired Boomers who are not currently employed, half (48%) would like to work but are unable to work,…
According to a 2015 survey of middle-income boomers, "nearly one-third (28%) of retired Boomers indicate that they are either currently employed or have been employed for pay in retirement. Of retired Boomers who are not currently employed, half (48%) would like to work but are unable to work, most often because of health reasons." (p. 4)
Bankers Center for a Secure Retirement. (2015). New expectations, new rewards: work in retirement for middle-income boomers. Chicago: Bankers Life. Retrieved from http://www.centerforasecureretirement.com/media/65648/work-in-retirement-report-may-2015.pdf
This study was conducted in February and March 2015 by the independent research firm The Blackstone Group. These findings are from two internet-based surveys: 1. Main survey: a nationwide sample of 1,005 middle-income Boomers. Quotas were established based on the U.S. Census Current Population Survey data for age, gender and income to obtain a nationally representative sample. 2. Supplemental survey: a nationwide sample of 2,293 retired middle-income Boomers to assess the percentage of retired Boomers who are working in retirement.
According to a 2015 survey of middle-income boomers, "half (49%) of employed middle-income Boomer retirees expect to work beyond age 70 or as long as their health will allow." (p. 4)
According to a 2015 survey of middle-income boomers, "half (49%) of employed middle-income Boomer retirees expect to work beyond age 70 or as long as their health will allow." (p. 4)
Bankers Center for a Secure Retirement. (2015). New expectations, new rewards: work in retirement for middle-income boomers. Chicago: Bankers Life. Retrieved from http://www.centerforasecureretirement.com/media/65648/work-in-retirement-report-may-2015.pdf
This study was conducted in February and March 2015 by the independent research firm The Blackstone Group. These findings are from two internet-based surveys: 1. Main survey: a nationwide sample of 1,005 middle-income Boomers. Quotas were established based on the U.S. Census Current Population Survey data for age, gender and income to obtain a nationally representative sample. 2. Supplemental survey: a nationwide sample of 2,293 retired middle-income Boomers to assess the percentage of retired Boomers who are working in retirement.
According to a 2015 analysis of CPS labor force participation data, the average retirement age* in 2013 "was about 64 for men and about 62 for women", about the same as a decade ago. (p. 1, 3, fig. 5)
*Average retirement age is defined as the age at which the labor force…
According to a 2015 analysis of CPS labor force participation data, the average retirement age* in 2013 "was about 64 for men and about 62 for women", about the same as a decade ago. (p. 1, 3, fig. 5)
*Average retirement age is defined as the age at which the labor force participation rate drops below 50 percent.
Munnell, A. J. (2015). The average retirement age -- an update. (Report No. 15-4). Chestnut Hill, MA: Center for Retirement Research at Boston College. Retrieved from http://crr.bc.edu/wp-content/uploads/2015/03/IB_15-4.pdf
This analysis is based on the author's calculations from Current Population Survey data (1962-2013).
According to the 2015 CareerBuilder's annual retirement survey, "54% of senior workers (age 60+) say they'll work after retiring from their current career -- up from 45% last year. Of this group, 81% say they'll most likely work part-time, while 19% plan to continue working full-time. Customer…
According to the 2015 CareerBuilder's annual retirement survey, "54% of senior workers (age 60+) say they'll work after retiring from their current career -- up from 45% last year. Of this group, 81% say they'll most likely work part-time, while 19% plan to continue working full-time. Customer service, retail and consulting are the three most common jobs these workers plan to pursue."
Careerbuilder. (2015). Number of senior workers delaying retirement reaches new post-recession low. Chicago: Careerbuilder. Retrieved from http://www.careerbuilder.com/share/aboutus/pressreleasesdetail.aspx?sd=2%2f19%2f2015&siteid=cbpr&sc_cmp1=cb_pr869_&id=pr869&ed=12%2f31%2f2015
The nationwide survey was conducted by Harris Poll on behalf of CareerBuilder from November 4 to December 2, 2014, among a representative sample of 438 full-time workers (age 60+) and 2,192 hiring and human resources managers.
According to the 2015 CareerBuilder's annual retirement survey, "the number of workers age 60 or older currently delaying retirement reached a post-recession low of 53%. This number is down from 58% last year and 66% in 2010."
According to the 2015 CareerBuilder's annual retirement survey, "the number of workers age 60 or older currently delaying retirement reached a post-recession low of 53%. This number is down from 58% last year and 66% in 2010."
Careerbuilder. (2015). Number of senior workers delaying retirement reaches new post-recession low. Chicago: Careerbuilder. Retrieved from http://www.careerbuilder.com/share/aboutus/pressreleasesdetail.aspx?sd=2%2f19%2f2015&siteid=cbpr&sc_cmp1=cb_pr869_&id=pr869&ed=12%2f31%2f2015
The nationwide survey was conducted by Harris Poll on behalf of CareerBuilder from November 4 to December 2, 2014, among a representative sample of 438 full-time workers (age 60+) and 2,192 hiring and human resources managers.
According to a 2014 SHRM survey of HR professionals, "about one-half of responding organizations reported they track the percentage of workers in their organization eligible to retire in the next 1-2 years (50%) and 3-5 years (45%). Of responding organizations, 10% of their employees will be…
According to a 2014 SHRM survey of HR professionals, "about one-half of responding organizations reported they track the percentage of workers in their organization eligible to retire in the next 1-2 years (50%) and 3-5 years (45%). Of responding organizations, 10% of their employees will be eligible for retirement in the next 1-2 years; another 14% will be eligible in the next 3-5 years." (p. 5)
SHRM. (2015). The aging workforce - state of older workers in U.S. organizations. Washington DC: Society for Human Resource Management. Retrieved from http://www.shrm.org/research/surveyfindings/articles/pages/shrm-state-of-older-workers-in-u.s.-organizations.aspx
The 2014 SHRM Older Workers Initative survey was fielded Survey fielded May-July, 2014. Responses were received from 1,913 HR professionals, from a randomly selected sample of SHRM's membership.
According to a 2014 AARP survey, "a majority of 50+ workers (57%) plan to work past the age of 65, including roughtly two in ten (18%) who say they will never retire. In addition, many (43%) say they began saving too late for retirement." (p. 4)
According to a 2014 AARP survey, "a majority of 50+ workers (57%) plan to work past the age of 65, including roughtly two in ten (18%) who say they will never retire. In addition, many (43%) say they began saving too late for retirement." (p. 4)
Skufca, L. (2014). Planning for health care costs in retirement: A 2014 survey of 50+ workers. Washington: AARP. Retrieved from http://www.aarp.org/content/dam/aarp/research/surveys_statistics/econ/2014/Planning-for-Health-Care-Costs-in-Retirement-A-2014-Survey-of-50-Plus-Workers-AARP-econ.pdf
Data was collected in June 2014 via a nationally representative sample of 1,002 adults age 50+ who are not retired. While 86% of the adults in t his sample are working either full-time or part-time, 14% are either unemployed and looking for work, homemakers, or students. A comparison sample of 502 retired adults age 50+ was included.
According to a 2014 MetLife report based on their 2013 US Employee Benefit Trends study, 39% of older boomers and 41% of younger boomers strongly agree that they expect to postpone retirement due to their financial situation. (p. 4)
According to a 2014 MetLife report based on their 2013 US Employee Benefit Trends study, 39% of older boomers and 41% of younger boomers strongly agree that they expect to postpone retirement due to their financial situation. (p. 4)
Metlife. (2014). Benefits breakthrough: How employees and their employers are navingating the evolving environment. New York: Metlife. Retrieved from https://benefittrends.metlife.com/assets/downloads/benefits-breakthrough-summaries-2014.pdf
MetLife's 12th Annual U.S. Employee Benefit Trends Study was conducted during October and November of 2013 and consisted of three distinct studies fielded by GfK Custom Research North America. The employer survey comprised 1,510 interviews with benefits decision-makers at companies with staff sizes of at least two employees. The employee survey comprised 1,203 interviews with full-time employees age 21 and over, at companies with a minimum of two employees.
According to a 2014 analysis of Health and Retirement Study data, when respondants aged 50-61 were asked to estimate the probability of working full-time at ages 62 and 65, "on average, 48 percent expect to work full-time at age 62 and 28 percent at age 65.9." (p. 2)
According to a 2014 analysis of Health and Retirement Study data, when respondants aged 50-61 were asked to estimate the probability of working full-time at ages 62 and 65, "on average, 48 percent expect to work full-time at age 62 and 28 percent at age 65.9." (p. 2)
Khan, M. R., Rutledge, M. S., & Wu, A. Y. (2014). Do longevity expectations influence retirement plans? (Issue in Brief No. 14-6). Chestnut Hill, MA: Center for Retirement Research at Boston College. Retrieved from http://crr.bc.edu/wp-content/uploads/2014/03/IB_14-6-508.pdf
The data source for the analysis is the Health and Retirement Study (HRS), a survey administered to a panel of older workers and retirees every two years. The HRS asks respondents to estimate their probabil- ity of living to ages 75 and 85. The analysis used the responses to these questions for workers age 50 to 61 as indicators of their subjective life expectancy (SLE).
According to a 2013 Merrill Lynch survey, "half of pre-retirees age 50+ say they would make major sacrifices that could impact their retirement to help family members. Among these pre-retirees, three in five say they would retire later, four in ten would return to work after retirement, and more…
According to a 2013 Merrill Lynch survey, "half of pre-retirees age 50+ say they would make major sacrifices that could impact their retirement to help family members. Among these pre-retirees, three in five say they would retire later, four in ten would return to work after retirement, and more than one-third say they would accept a less comfortable retirement lifestyle to help family financially." (fig. 4, p. 7)
Merrill Lynch. (2013). Family & retirement: The elephant in the room. U. S.: Bank of America. Retrieved from http://www.wealthmanagement.ml.com/publish/content/application/pdf/GWMOL/Merrill-Lynch-2013-Family-and-Retirement-Study.pdf
The survey included a total of 5,415 respondents age 25+, including 2,104 respondents among the Boomer (age 47-67) and Silent (age 68-88) generations, 250 Millennials (age 25-36), and 252 respondents among Generation X (age 37-48). The survey, which was completed in August 2013, was conducted in partnership with Age Wave and executed online by Harris Interactive.
According to a 2014 survey by Encore.org, among respondants who are active in encore careers today, 44 percent transitioned into new roles between 45 and 54, and 44 percent in the next decade, from 55 to 64."
According to a 2014 survey by Encore.org, among respondants who are active in encore careers today, 44 percent transitioned into new roles between 45 and 54, and 44 percent in the next decade, from 55 to 64."
Encore.org. (2014). Encore careers: The persistence of purpose. San Francisco: Encore.org. Retrieved from http://www.encore.org/files/2014EncoreResearchOverview.pdf
Encore.org, in collaboration with Penn Schoen Berland, conducted an on - line survey of a representative sample of 1,694 adults ages 50 to 70 in the United States. The survey was conducted between February 5 and 19, 2014 and March 19 and 25, 2014. The margin of error for the general population is В±3.1 percent at the 95 percent confidence level, and large for subgroups.
Acording to a 2006 survey from Merrill Lynch, "the ideal retirement for 71% of adults surveyed is to work in some capacity, and almost half of those U.S. adults who plan to work in retirement (45%) say they don't plan to stop working -- ever. On average, people expect to retire at age 61, but…
Acording to a 2006 survey from Merrill Lynch, "the ideal retirement for 71% of adults surveyed is to work in some capacity, and almost half of those U.S. adults who plan to work in retirement (45%) say they don't plan to stop working -- ever. On average, people expect to retire at age 61, but they see themselves working an average of nine years in retirement. The average age at which they will stop working completely is over 70."
Merrill Lynch. (2006). The 2006 Merrill Lynch new retirement survey: A perspective from individuals and employers. New York: Merrill Lynch. Retrieved from http://www.ml.com/media/66482.pdf
According to the 2013 Merrill Lynch retirement survey, "seven out of ten (71%) pre-retirees say they would ideally like to include some work in their retirement years. Most are seeking flexible work arrangements, such as part-time work (39%) or going back and forth between periods of work and…
According to the 2013 Merrill Lynch retirement survey, "seven out of ten (71%) pre-retirees say they would ideally like to include some work in their retirement years. Most are seeking flexible work arrangements, such as part-time work (39%) or going back and forth between periods of work and leisure (24%)." 8% indicated that they will work full-time. (fig. 1, p. 5)
Merrill Lynch. (2013). Americans' perspectives on new retirement realities and the longevity bonus. U. S.: Merrill Lynch. Retrieved from http://www.wealthmanagement.ml.com/publish/content/application/pdf/GWMOL/AR111544.pdf
This report is based on a national public opinion poll conducted online by Harris Interactive. The Merrill Lynch survey was completed from December 2012 to January 2013, in partnership with Age Wave, and included more than 6,300 respondents age 45 and older. Findings are based on 3,002 responses from the general population.
According to the 2013 Merrill Lynch retirement survey, "among pre-retirees who would like to include some work in their retirement years, about half (51%) half saying they would like to pursue a different line of work, while 49% plan on continuing the same line of work they did in their pre-…
According to the 2013 Merrill Lynch retirement survey, "among pre-retirees who would like to include some work in their retirement years, about half (51%) half saying they would like to pursue a different line of work, while 49% plan on continuing the same line of work they did in their pre-retirement years." (fig. 3, p. 6)
Merrill Lynch. (2013). Americans' perspectives on new retirement realities and the longevity bonus. U. S.: Merrill Lynch. Retrieved from http://www.wealthmanagement.ml.com/publish/content/application/pdf/GWMOL/AR111544.pdf
This report is based on a national public opinion poll conducted online by Harris Interactive. The Merrill Lynch survey was completed from December 2012 to January 2013, in partnership with Age Wave, and included more than 6,300 respondents age 45 and older. Findings are based on 3,002 responses from the general population.
According to the 2013 Merrill Lynch retirement survey, "52% of respondents say that money and financial security are the most important motivations for working in retirement, almost half (48%) say continued 'stimulation and satisfaction' are the main reasons they want to work in retirement.…
According to the 2013 Merrill Lynch retirement survey, "52% of respondents say that money and financial security are the most important motivations for working in retirement, almost half (48%) say continued 'stimulation and satisfaction' are the main reasons they want to work in retirement. Among the more affluent respondents, 68% say that continued stimulation and satisfaction are the primary reason, compared to 32% for money and financial security." (fig. 4, p. 6)
Merrill Lynch. (2013). Americans' perspectives on new retirement realities and the longevity bonus. U. S.: Merrill Lynch. Retrieved from http://www.wealthmanagement.ml.com/publish/content/application/pdf/GWMOL/AR111544.pdf
This report is based on a national public opinion poll conducted online by Harris Interactive. The Merrill Lynch survey was completed from December 2012 to January 2013, in partnership with Age Wave, and included more than 6,300 respondents age 45 and older. Findings are based on 3,002 responses from the general population.
According to the 2013 Merrill Lynch retirement survey, "nearly three out of five retirees say they retired earlier than they expected -- 58% of women, 56% of men. Health problems are actually the top reason for early retirement, with 34% reporting this, compared to 27% having sufficient…
According to the 2013 Merrill Lynch retirement survey, "nearly three out of five retirees say they retired earlier than they expected -- 58% of women, 56% of men. Health problems are actually the top reason for early retirement, with 34% reporting this, compared to 27% having sufficient financial resources to retire. 24% report losing their jobs as the reason for early retirement, while 16% want to spend more time with family, and 10% needing to look after a family member." (FIG 10, p. 8).
Merrill Lynch. (2013). Americans' perspectives on new retirement realities and the longevity bonus. U. S.: Merrill Lynch. Retrieved from http://www.wealthmanagement.ml.com/publish/content/application/pdf/GWMOL/AR111544.pdf
This report is based on a national public opinion poll conducted online by Harris Interactive. The Merrill Lynch survey was completed from December 2012 to January 2013, in partnership with Age Wave, and included more than 6,300 respondents age 45 and older. Findings are based on 3,002 responses from the general population.
According to a 2014 Transamerica retirement readiness survey, "fifty-eight percent of workers who plan to work in retirement and/or past age 65 cite reasons related to income and health benefits. Baby Boomers and Generation X (both 62 percent) plan to do so for those reasons, a higher response…
According to a 2014 Transamerica retirement readiness survey, "fifty-eight percent of workers who plan to work in retirement and/or past age 65 cite reasons related to income and health benefits. Baby Boomers and Generation X (both 62 percent) plan to do so for those reasons, a higher response rate than that of Millennials (49 percent)." (p. 34)
Collinson, C. (2014). The retirement readiness of three unique generations: Baby boomers, generation X, and millennials. US: Transamerican Center for Retirement Studies. Retrieved from http://www.transamericacenter.org/docs/default-source/resources/center-research/tcrs2014_sr_three_unique_generations.pdf
A 22-minute, online survey was conducted between February 21 - March 17, 2014 among a nationally representative sample of 4,143 workers age 18 or older by Harris Poll for Transamerica Center for Retirement Studies. Respondents were full-time or part-time workers in a for-profit company employing 10 or more people. The base included 1,021 Millennials, 1,120 Generation X, 1,805 Baby Boomers, and 197 who were born prior to 1946.
According to a 2014 Transamerica retirement readiness survey, "many workers (52 percent) plan to continue working after they retire, including 40 percent who plan to work part-time and 12 percent full-time. Only 27 percent of workers do not plan to work after they retire, and 21 percent are not…
According to a 2014 Transamerica retirement readiness survey, "many workers (52 percent) plan to continue working after they retire, including 40 percent who plan to work part-time and 12 percent full-time. Only 27 percent of workers do not plan to work after they retire, and 21 percent are not sure. Baby Boomers, Generation X, and Millennials are strikingly similar in their expectations." (p. 33)
Collinson, C. (2014). The retirement readiness of three unique generations: Baby boomers, generation X, and millennials. US: Transamerican Center for Retirement Studies. Retrieved from http://www.transamericacenter.org/docs/default-source/resources/center-research/tcrs2014_sr_three_unique_generations.pdf
A 22-minute, online survey was conducted between February 21 - March 17, 2014 among a nationally representative sample of 4,143 workers age 18 or older by Harris Poll for Transamerica Center for Retirement Studies. Respondents were full-time or part-time workers in a for-profit company employing 10 or more people. The base included 1,021 Millennials, 1,120 Generation X, 1,805 Baby Boomers, and 197 who were born prior to 1946.
According to a 2014 Transamerica retirement readiness survey, "the majority of workers (55 percent) plan to work past age 65 or do not plan to retire. However, expectations are quite different among generations. Sixty-five percent of Baby Boomer workers plan to continue working past age 65 or do…
According to a 2014 Transamerica retirement readiness survey, "the majority of workers (55 percent) plan to work past age 65 or do not plan to retire. However, expectations are quite different among generations. Sixty-five percent of Baby Boomer workers plan to continue working past age 65 or do not plan to retire. Many of Generation X (54 percent) also plan to do so. In contrast, the majority of Millennials (60 percent) plan to retire at 65 or sooner." (p. 31)
Collinson, C. (2014). The retirement readiness of three unique generations: Baby boomers, generation X, and millennials. US: Transamerican Center for Retirement Studies. Retrieved from http://www.transamericacenter.org/docs/default-source/resources/center-research/tcrs2014_sr_three_unique_generations.pdf
A 22-minute, online survey was conducted between February 21 – March 17, 2014 among a nationally representative sample of 4,143 workers age 18 or older by Harris Poll for Transamerica Center for Retirement Studies. Respondents were full-time or part-time workers in a for-profit company employing 10 or more people. The base included 1,021 Millennials, 1,120 Generation X, 1,805 Baby Boomers, and 197 who were born prior to 1946.
According to a 2014 analysis of data from a survey by Merrill Lynch, "five years before retiring, 37% of pre-retirees who want to work in retirement will have taken some substantial steps to prepare for continued work. Preparing to work in retirement then intensifies in the two years prior -- at…
According to a 2014 analysis of data from a survey by Merrill Lynch, "five years before retiring, 37% of pre-retirees who want to work in retirement will have taken some substantial steps to prepare for continued work. Preparing to work in retirement then intensifies in the two years prior -- at which point, 54% of pre-retirees who want to work in retirement will significantly prepare to do so." (p. 9)
Merrill Lynch. (2014). Work in retirement: Myths and motivations. U. S.: Merrill Lynch. Retrieved from http://www.wealthmanagement.ml.com/publish/content/application/pdf/GWMOL/MLWM_Work-in-Retirement_2014.pdf
This report is based on a nationally representative survey of 1,856 working retirees and nearly 5,000 pre-retirees and non-working retirees. This study, which was completed in March 2014, was conducted in partnership with Age Wave and executed online by TNS. Findings in this report are based on a sample of 3,503 respondents age 25+, representative of the U.S. national population by age, income, gender, and geography. The report also includes findings based on an oversample of 1,856 working retirees age 50+ who self-identified as both 'retired' and 'working.'
According to a 2014 analysis of data from a survey by Merrill Lynch, "about half (52%) of working retirees say they took a break from working when they first retired. The average Career Intermission is roughly two and a half years (or 29 months)." (p. 10)
According to a 2014 analysis of data from a survey by Merrill Lynch, "about half (52%) of working retirees say they took a break from working when they first retired. The average Career Intermission is roughly two and a half years (or 29 months)." (p. 10)
Merrill Lynch. (2014). Work in retirement: Myths and motivations. U. S.: Merrill Lynch. Retrieved from http://www.wealthmanagement.ml.com/publish/content/application/pdf/GWMOL/MLWM_Work-in-Retirement_2014.pdf
This report is based on a nationally representative survey of 1,856 working retirees and nearly 5,000 pre-retirees and non-working retirees. This study, which was completed in March 2014, was conducted in partnership with Age Wave and executed online by TNS. Findings in this report are based on a sample of 3,503 respondents age 25+, representative of the U.S. national population by age, income, gender, and geography. The report also includes findings based on an oversample of 1,856 working retirees age 50+ who self-identified as both 'retired' and 'working.'
According to a 2014 analysis of data from a survey by Merrill Lynch, "nearly half (47%) of today's retirees say they either have worked, [are currently working] or plan to work during their retirement years ...72% of pre-retirees age 50+ now saying that their ideal retirement includes work in…
According to a 2014 analysis of data from a survey by Merrill Lynch, "nearly half (47%) of today's retirees say they either have worked, [are currently working] or plan to work during their retirement years ...72% of pre-retirees age 50+ now saying that their ideal retirement includes work in some capacity." (p. 1)
Merrill Lynch. (2014). Work in retirement: Myths and motivations. U. S.: Merrill Lynch. Retrieved from http://www.wealthmanagement.ml.com/publish/content/application/pdf/GWMOL/MLWM_Work-in-Retirement_2014.pdf
This report is based on a nationally representative survey of 1,856 working retirees and nearly 5,000 pre-retirees and non-working retirees. This study, which was completed in March 2014, was conducted in partnership with Age Wave and executed online by TNS. Findings in this report are based on a sample of 3,503 respondents age 25+, representative of the U.S. national population by age, income, gender, and geography. The report also includes findings based on an oversample of 1,856 working retirees age 50+ who self-identified as both 'retired' and 'working.'
According to a 2014 Gallup report, "the average age at which U.S. retirees report retiring is 62...while the average age at which non-retired Americans expect to retire [is] 66."
According to a 2014 Gallup report, "the average age at which U.S. retirees report retiring is 62...while the average age at which non-retired Americans expect to retire [is] 66."
Riffkin, R. (2014). Average U.S. retirement age rises to 62. US: Gallup. Retrieved from http://www.gallup.com/poll/168707/average-retirement-age-rises.aspx
Results for this Gallup poll are based on telephone interviews conducted April 3-6, 2014, with a random sample of 1,026 adults, aged 18 and older, living in all 50 U.S. states and the District of Columbia. These trends in Americans' actual vs. expected age of retirement are from Gallup's annual Economy and Personal Finance survey, conducted April 3-6, 2014.
According to a 2014 Gallup report, "the majority of all age groups expect to retire at age 65 or older. This includes 62% of 18- to 29-year-olds, 62% of 30- to 49-year-olds, and 58% of 50- to 64-year-olds."
According to a 2014 Gallup report, "the majority of all age groups expect to retire at age 65 or older. This includes 62% of 18- to 29-year-olds, 62% of 30- to 49-year-olds, and 58% of 50- to 64-year-olds."
Riffkin, R. (2014). Average U.S. retirement age rises to 62. US: Gallup. Retrieved from http://www.gallup.com/poll/168707/average-retirement-age-rises.aspx
Results for this Gallup poll are based on telephone interviews conducted April 3-6, 2014, with a random sample of 1,026 adults, aged 18 and older, living in all 50 U.S. states and the District of Columbia. These trends in Americans' actual vs. expected age of retirement are from Gallup's annual Economy and Personal Finance survey, conducted April 3-6, 2014.
According to a 2014 Gallup report, "the average age at which non-retired Americans expect to retire has increased over time, from 60 in 1995 to 66 this year [2014]. Furthermore, in 1995, more non-retired Americans expected to retire younger -- 15% expected to retire before age 55, compared with…
According to a 2014 Gallup report, "the average age at which non-retired Americans expect to retire has increased over time, from 60 in 1995 to 66 this year [2014]. Furthermore, in 1995, more non-retired Americans expected to retire younger -- 15% expected to retire before age 55, compared with 4% in 2014."
Riffkin, R. (2014). Average U.S. retirement age rises to 62. US: Gallup. Retrieved from http://www.gallup.com/poll/168707/average-retirement-age-rises.aspx
Results for this Gallup poll are based on telephone interviews conducted April 3-6, 2014, with a random sample of 1,026 adults, aged 18 and older, living in all 50 U.S. states and the District of Columbia. These trends in Americans' actual vs. expected age of retirement are from Gallup's annual Economy and Personal Finance survey, conducted April 3-6, 2014.
According to a 2014 Gallup report, "Americans' average self-reported age of retirement has slowly moved upward...the average retirement age was 57 in both 1991 and 1993. From 2002 through 2012, the average hovered around 60. Over the past two years, the average age at which Americans report…
According to a 2014 Gallup report, "Americans' average self-reported age of retirement has slowly moved upward...the average retirement age was 57 in both 1991 and 1993. From 2002 through 2012, the average hovered around 60. Over the past two years, the average age at which Americans report retiring has increased to 62."
Riffkin, R. (2014). Average U.S. retirement age rises to 62. US: Gallup. Retrieved from http://www.gallup.com/poll/168707/average-retirement-age-rises.aspx
Results for this Gallup poll are based on telephone interviews conducted April 3-6, 2014, with a random sample of 1,026 adults, aged 18 and older, living in all 50 U.S. states and the District of Columbia. These trends in Americans' actual vs. expected age of retirement are from Gallup's annual Economy and Personal Finance survey, conducted April 3-6, 2014.
According to a 2013 Towers Watson survey of over 4000 retirement plan participants working full-time, "in 2009, 31% of workers planned on retiring before age 65 and 41% planned on retiring after 65. In 2013, only 25% of workers planned on retiring before 65 and half expected to retire after 65…
According to a 2013 Towers Watson survey of over 4000 retirement plan participants working full-time, "in 2009, 31% of workers planned on retiring before age 65 and 41% planned on retiring after 65. In 2013, only 25% of workers planned on retiring before 65 and half expected to retire after 65." (fig. 15)
Gardner, J., & Nyce, S. (2014). Workers still uneasy about financial security and retirement. Results from Towers Watson's 2013/2014 Global Benefit Attitudes Survey. U. S.: Towers Watson. Retrieved from http://www.towerswatson.com/en/Insights/Newsletters/Americas/Insider/2014/workers-still-uneasy-about-financial-security-and-retirement
This Towers Watson study surveyed 5,070 U.S. respondents employed by nongovernment organizations with 1,000 or more employees. The findings in this article reflect responses from 4,248 retirement plan participants working full-time. All results are weighted by age, gender and salary to the national average of similar workers.
According to a 2013 Towers Watson survey of over 4000 retirement plan participants working full-time, among those employees who report that they plan to delay their retirement, 57% report that they are in poor health and 59% report high stress levels. (Fig. 13)
According to a 2013 Towers Watson survey of over 4000 retirement plan participants working full-time, among those employees who report that they plan to delay their retirement, 57% report that they are in poor health and 59% report high stress levels. (Fig. 13)
Gardner, J., & Nyce, S. (2014). Workers still uneasy about financial security and retirement. Results from Towers Watson's 2013/2014 Global Benefit Attitudes Survey. U. S.: Towers Watson. Retrieved from http://www.towerswatson.com/en/Insights/Newsletters/Americas/Insider/2014/workers-still-uneasy-about-financial-security-and-retirement
This Towers Watson study surveyed 5,070 U.S. respondents employed by nongovernment organizations with 1,000 or more employees. The findings in this article reflect responses from 4,248 retirement plan participants working full-time. All results are weighted by age, gender and salary to the national average of similar workers.
According to a 2013 Towers Watson survey of over 4000 retirement plan participants working full-time, 43% plan on retiring later than previously planned [43%], while 45% report no change and 12% plan to retire earlier. "A large majority of these employees expect to delay retirement by 3 or more…
According to a 2013 Towers Watson survey of over 4000 retirement plan participants working full-time, 43% plan on retiring later than previously planned [43%], while 45% report no change and 12% plan to retire earlier. "A large majority of these employees expect to delay retirement by 3 or more years, and 44% plan on a delay of 5 years or more". (Fig. 13 and 14)
Gardner, J., & Nyce, S. (2014). Workers still uneasy about financial security and retirement. Results from Towers Watson's 2013/2014 Global Benefit Attitudes Survey. U. S.: Towers Watson. Retrieved from http://www.towerswatson.com/en/Insights/Newsletters/Americas/Insider/2014/workers-still-uneasy-about-financial-security-and-retirement
This Towers Watson study surveyed 5,070 U.S. respondents employed by nongovernment organizations with 1,000 or more employees. The findings in this article reflect responses from 4,248 retirement plan participants working full-time. All results are weighted by age, gender and salary to the national average of similar workers.
According to the AARP 2013 career study on older workers (ages 45-74), "more than 7 in 10 say they plan to work in retirement; this includes 29% who will work part-time for enjoyment and 23% who will work part-time for income". Additionally, 13% say they plan to work for themselves or start…
According to the AARP 2013 career study on older workers (ages 45-74), "more than 7 in 10 say they plan to work in retirement; this includes 29% who will work part-time for enjoyment and 23% who will work part-time for income". Additionally, 13% say they plan to work for themselves or start their own business while 5% plan to work full-time in a new career. About one quarter (26%) do not plan to work for pay at all. (Fig. 2, p 24)
AARP. (2014). Staying ahead of the curve 2013: AARP multicultural work and career study: Older workers in an uneasy job market. Washington, DC: AARP. Retrieved from http://www.aarp.org/content/dam/aarp/research/surveys_statistics/general/2014/Staying-Ahead-of-the-Curve-2013-The-Work-and-Career-Study-AARP-res-gen.pdf
This data comes from the AARP report on the study of older workers ages 45-74. It was extracted from a survey of 1,502 workers age 45-74, with Hispanic and African American oversamples, to update previous surveys conducted in 2002 and 2007.
According to a 2013 report by AARP on employment issues, among workers aged 45+ who had not yet retired, only 12% indicated that they had postponed plans to retire in 2013. (p. 1) Comparing the current survey results to data from 2009, "more respondents said they had not postponed their plans…
According to a 2013 report by AARP on employment issues, among workers aged 45+ who had not yet retired, only 12% indicated that they had postponed plans to retire in 2013. (p. 1) Comparing the current survey results to data from 2009, "more respondents said they had not postponed their plans to retire (67% in 2013 vs 56% in 2009)." (p. 6)
AARP. (2013). Jobs: an AARP bulletin poll. Washington, DC: AARP. Retrieved from http://www.aarp.org/content/dam/aarp/research/surveys_statistics/general/2013/Jobs-An-AARP-Bulletin-Poll-AARP-rsa-gen.pdf
This AARP bulletin survey was conducted among 1,019 adults age 45+ who were either employed, retired, or temporarily unemployed. The goals of this research were to determine prevalence of job-related actions in the last 12 months, assess degree of uncertainty about current jobs, and compare these experienes to data from 2009.
According to a 2013 report by AARP on employment issues, confidence in job stability has increased with "approximately 3/4 of those ages 45+" saying that "it is not very or not at all likely that their job could be eliminated within the next year". This response was given by 49% of those…
According to a 2013 report by AARP on employment issues, confidence in job stability has increased with "approximately 3/4 of those ages 45+" saying that "it is not very or not at all likely that their job could be eliminated within the next year". This response was given by 49% of those surveyed in 2013 vs. 39% in 2009. (p. 7)
AARP. (2013). Jobs: an AARP bulletin poll. Washington, DC: AARP. Retrieved from http://www.aarp.org/content/dam/aarp/research/surveys_statistics/general/2013/Jobs-An-AARP-Bulletin-Poll-AARP-rsa-gen.pdf
This AARP bulletin survey was conducted among 1,019 adults age 45+ who were either employed, retired, or temporarily unemployed. The goals of this research were to determine prevalence of job-related actions in the last 12 months, assess degree of uncertainty about current jobs, and compare these experienes to data from 2009.
According to a 2013 report by AARP on employment issues, of the 1,019 adults age 45+ surveyed, among those who retired in the past year only 6% of respondents reported that they returned to work after retiring. (p. 7)
According to a 2013 report by AARP on employment issues, of the 1,019 adults age 45+ surveyed, among those who retired in the past year only 6% of respondents reported that they returned to work after retiring. (p. 7)
AARP. (2013). Jobs: an AARP bulletin poll. Washington, DC: AARP. Retrieved from http://www.aarp.org/content/dam/aarp/research/surveys_statistics/general/2013/Jobs-An-AARP-Bulletin-Poll-AARP-rsa-gen.pdf
This AARP bulletin survey was conducted among 1,019 adults age 45+ who were either employed, retired, or temporarily unemployed. The goals of this research were to determine prevalence of job-related actions in the last 12 months, assess degree of uncertainty about current jobs, and compare these experienes to data from 2009.
According to a 2013 analysis of data from the Social Security Administration, "the full retirement rate is consistently higher for workers with lower earnings...about 50 percent of 60 year olds in the bottom earnings quintile are fully retired by age 60." (p. 11)
According to a 2013 analysis of data from the Social Security Administration, "the full retirement rate is consistently higher for workers with lower earnings...about 50 percent of 60 year olds in the bottom earnings quintile are fully retired by age 60." (p. 11)
Gorodnichenko, Y., Song, J., & Stolyarov, D. (2013). Macroeconomic determinants of retirement timing. (Working Paper No. 2013-281). Ann Arbor, MI: University of Michigan Retirement Research Center. Retrieved from http://www.mrrc.isr.umich.edu/publications/papers/pdf/wp281.pdf
This study is based on the Continuous Work History Sample (CWHS) dataset from the Social Security Administration.
According to a 2013 survey by the Associated Press-NORC Center for Public Affairs Research, "more individuals who say their health is an important factor in their decision about when to retire expect to work during retirement than do those who do not consider their health an important factor (38…
According to a 2013 survey by the Associated Press-NORC Center for Public Affairs Research, "more individuals who say their health is an important factor in their decision about when to retire expect to work during retirement than do those who do not consider their health an important factor (38% vs. 15%). Similarly, those who consider their ability to do their jobs an important factor in their decision about when to retire expect to work during retirement more often than those who do not (38% vs. 19%)". (p.3)
Benz, J., Sedensky, M., Tompson, T., & Agiesta, J. (2013). Working longer: Older americans' attitudes on work and retirement. The Associated Press and NORC. Retrieved from http://www.apnorc.org/projects/Pages/working-longer-older-americans-attitudes-on-work-and-retirement.aspx
With funding from the Sloan Foundation, the Associated Press-NORC Center for Public Affairs Research conducted a national survey of 1,024 adults ages 50 and over. This survey illuminates a slow-moving shift in the American idea of retirement.
According to a 2013 survey by the Associated Press-NORC Center for Public Affairs Research, among Americans age 50 and older "who are working and not yet retired, 47% say it is very likely that they will do some work for pay during their retirement and another 35% say it is somewhat likely". (p.…
According to a 2013 survey by the Associated Press-NORC Center for Public Affairs Research, among Americans age 50 and older "who are working and not yet retired, 47% say it is very likely that they will do some work for pay during their retirement and another 35% say it is somewhat likely". (p.2)
Benz, J., Sedensky, M., Tompson, T., & Agiesta, J. (2013). Working longer: Older Americans' attitudes on work and retirement. The Associated Press and NORC. Retrieved from http://www.apnorc.org/projects/Pages/working-longer-older-americans-attitudes-on-work-and-retirement.aspx
With funding from the Sloan Foundation, the Associated Press-NORC Center for Public Affairs Research conducted a national survey of 1,024 adults ages 50 and over. This survey illuminates a slow-moving shift in the American idea of retirement.
According to a 2013 survey by the Associated Press-NORC Center for Public Affairs Research, "among those who are retired, a third (33%) report that they did not feel they had a choice except to retire. Feeling like retirement was not by choice is more common among younger retirees, with 54% of…
According to a 2013 survey by the Associated Press-NORC Center for Public Affairs Research, "among those who are retired, a third (33%) report that they did not feel they had a choice except to retire. Feeling like retirement was not by choice is more common among younger retirees, with 54% of retirees under age 65 feeling they had no choice but to retire compared with 23% of retirees 65 or over". (p.2)
Benz, J., Sedensky, M., Tompson, T., & Agiesta, J. (2013). Working longer: Older Americans' attitudes on work and retirement. The Associated Press and NORC. Retrieved from http://www.apnorc.org/projects/Pages/working-longer-older-americans-attitudes-on-work-and-retirement.aspx
With funding from the Sloan Foundation, the Associated Press-NORC Center for Public Affairs Research conducted a national survey of 1,024 adults ages 50 and over. This survey illuminates a slow-moving shift in the American idea of retirement.
According to a 2013 survey by the Associated Press-NORC Center for Public Affairs Research, of those who report that financial need is not an important factor in their retirement plans, "58% say it is unlikely they will work after retirement compared with 28% of those who do consider financial…
According to a 2013 survey by the Associated Press-NORC Center for Public Affairs Research, of those who report that financial need is not an important factor in their retirement plans, "58% say it is unlikely they will work after retirement compared with 28% of those who do consider financial need a factor in their retirement decision. Similarly, 46% of individuals who say that employer-sponsored benefits are not an important factor in their decision on when to retire report that they are unlikely to work during retirement, compared with 29% for whom employer benefits are an important factor in their retirement decision". (p.2)
Benz, J., Sedensky, M., Tompson, T., & Agiesta, J. (2013). Working longer: Older Americans' attitudes on work and retirement. The Associated Press and NORC. Retrieved from http://www.apnorc.org/projects/Pages/working-longer-older-americans-attitudes-on-work-and-retirement.aspx
With funding from the Sloan Foundation, the Associated Press-NORC Center for Public Affairs Research conducted a national survey of 1,024 adults ages 50 and over. This survey illuminates a slow-moving shift in the American idea of retirement.
According to a 2013 survey by the Associated Press-NORC Center for Public Affairs Research, "57% of retirees under age 65 report feeling they had no choice to retire compared with 23% of retirees 65 or over". (p.3)
According to a 2013 survey by the Associated Press-NORC Center for Public Affairs Research, "57% of retirees under age 65 report feeling they had no choice to retire compared with 23% of retirees 65 or over". (p.3)
Benz, J., Sedensky, M., Tompson, T., & Agiesta, J. (2013). Working longer: Older Americans' attitudes on work and retirement. The Associated Press and NORC. Retrieved from http://www.apnorc.org/projects/Pages/working-longer-older-americans-attitudes-on-work-and-retirement.aspx
With funding from the Sloan Foundation, the Associated Press-NORC Center for Public Affairs Research conducted a national survey of 1,024 adults ages 50 and over. This survey illuminates a slow-moving shift in the American idea of retirement.
According to a 2013 survey by the Associated Press-NORC Center for Public Affairs Research, "74% of Americans age 50 and older state that they have given their retirement years some or a great deal of thought. Financial need is the most commonly cited factor in deciding when to retire (69%).…
According to a 2013 survey by the Associated Press-NORC Center for Public Affairs Research, "74% of Americans age 50 and older state that they have given their retirement years some or a great deal of thought. Financial need is the most commonly cited factor in deciding when to retire (69%). Majorities also cite their health (65%), the need for benefits through an employer such as health insurance (61%), ability to do the job (58%), and job satisfaction (54%) as extremely or very important factors in their decision. Wanting more free time and the retirement plans of spouses and partners are viewed as less important factors (with 38 and 37% respectively designated as very or extremely important)." (p.7)
Benz, J., Sedensky, M., Tompson, T., & Agiesta, J. (2013). Working longer: Older Americans' attitudes on work and retirement. The Associated Press and NORC. Retrieved from http://www.apnorc.org/projects/Pages/working-longer-older-americans-attitudes-on-work-and-retirement.aspx
With funding from the Sloan Foundation, the Associated Press-NORC Center for Public Affairs Research conducted a national survey of 1,024 adults ages 50 and over. This survey illuminates a slow-moving shift in the American idea of retirement.
According to a 2013 analysis of data from EBRI's Retirement Confidence survey, "One in three workers expect to retire at age 70 or never retire; 7 in 10 retirees retired before age 65" (p. 30). "Three in 10 workers report their expected retirement age has changed in the past year; among these…
According to a 2013 analysis of data from EBRI's Retirement Confidence survey, "One in three workers expect to retire at age 70 or never retire; 7 in 10 retirees retired before age 65" (p. 30). "Three in 10 workers report their expected retirement age has changed in the past year; among these workers, the large majority expect to retire later." (p. 31)
AARP. (2013). 2013 retirement confidence survey: A secondary analysis of the findings from respondents age 50+. Washington, DC: AARP. Retrieved from http://www.aarp.org/content/dam/aarp/research/surveys_statistics/general/2013/2013-Retirement-Confidence-Survey-A-Secondary-Analysis-of-the-Findings-from-Respondents-Age-50-Plus-AARP-rsa-gen.pdf
This report presents the findings of a secondary analysis of the Employee Benefit Research Institute's (EBRI) 2013 Retirement Confidence Survey (RCS) - focusing on findings from survey respondents (i.e., workers and retirees) age 50 years and older.
According to a 2013 MetLife study, the average Generation X member (Americans born 1965 to 1976) "wants to retire by about age 62, but they doubt they will be able to retire until they are 67." (p.5)
According to a 2013 MetLife study, the average Generation X member (Americans born 1965 to 1976) "wants to retire by about age 62, but they doubt they will be able to retire until they are 67." (p.5)
MetLife. (2013). The MetLife study of gen X: The MTV generation moves into mid-life. New York: Metlife Mature Market Institute. Retrieved from https://www.metlife.com/assets/cao/mmi/publications/studies/2013/mmi-gen-x.pdf
This study marks a first broad examination of Generation X, establishing a baseline of their current work and retirement plans, finances and housing,family life and their views about their health, aging and generational identity.
According to a 2013 Gallup survey, "37% of nonretired Americans say they expect to retire after age 65, 26% at age 65, and 26% before age 65. The most notable change over time is the increase in those expecting to work past age 65 -- the 37% this year is up from 22% a decade ago and 14% in 1995…
According to a 2013 Gallup survey, "37% of nonretired Americans say they expect to retire after age 65, 26% at age 65, and 26% before age 65. The most notable change over time is the increase in those expecting to work past age 65 -- the 37% this year is up from 22% a decade ago and 14% in 1995. Meanwhile, the percentage of nonretirees who say they expect to retire before age 65 has declined to 26% from 49% in 1995."
Brown, A. (2013). In U.S., average retirement age up to 61. Retrieved May 15, 2013, from http://www.gallup.com/poll/162560/average-retirement-age.aspx?utm_source=alert&utm_medium=email&utm_campaign=syndication&utm_content=morelink&utm_term=Business%20-%20Economy
These results are from Gallup's annual Economy and Personal Finance survey. Results for this Gallup poll are based on telephone interviews conducted April 4-14, 2013, with a random sample of 2,017 adults, aged 18 and older, living in all 50 U.S. states and the District of Columbia.
According to a 2013 Gallup survey, "the average age that current U.S. retirees said they retired is now 61, compared with 59 in 2003 and 57 in 1993. "
According to a 2013 Gallup survey, "the average age that current U.S. retirees said they retired is now 61, compared with 59 in 2003 and 57 in 1993. "
Brown, A. (2013). In U.S., average retirement age up to 61. Retrieved May 15, 2013, from http://www.gallup.com/poll/162560/average-retirement-age.aspx?utm_source=alert&utm_medium=email&utm_campaign=syndication&utm_content=morelink&utm_term=Business%20-%20Economy
These results are from Gallup's annual Economy and Personal Finance survey. Results for this Gallup poll are based on telephone interviews conducted April 4-14, 2013, with a random sample of 2,017 adults, aged 18 and older, living in all 50 U.S. states and the District of Columbia.
According to a 2013 MetLife survey of the oldest baby boomers (those born in 1946), among the oldest boomers, 52% are fully retired... 21% are working fulltime and just 12% are retired but working part-time or seasonally. Very few (2%) of the oldest Boomers are employed part-time. (p. 7)
According to a 2013 MetLife survey of the oldest baby boomers (those born in 1946), among the oldest boomers, 52% are fully retired... 21% are working fulltime and just 12% are retired but working part-time or seasonally. Very few (2%) of the oldest Boomers are employed part-time. (p. 7)
Goyer, A. (2013). The MetLife report on the oldest boomers: Healthy, retiring rapidly and collecting social security. New York: MetLife Mature Market Institute. Retrieved from https://www.metlife.com/assets/cao/mmi/publications/studies/2013/mmi-oldest-boomers.pdf
This survey was conducted for MetLife by GfK Custom Research between November-December 2012. A total of 1003 respondants were interviewed by phone -- all respondents were born in 1946.
According to a 2013 MetLife survey of the oldest baby boomers (those born in 1946), "nearly a quarter of retired oldest Boomers left the workforce between the ages of 56 and 60. Nearly 20% retired at age 65. The average age of retirement is 59.5." (p. 8)
According to a 2013 MetLife survey of the oldest baby boomers (those born in 1946), "nearly a quarter of retired oldest Boomers left the workforce between the ages of 56 and 60. Nearly 20% retired at age 65. The average age of retirement is 59.5." (p. 8)
Goyer, A. (2013). The MetLife report on the oldest boomers: Healthy, retiring rapidly and collecting social security. New York: MetLife Mature Market Institute. Retrieved from https://www.metlife.com/assets/cao/mmi/publications/studies/2013/mmi-oldest-boomers.pdf
This survey was conducted for MetLife by GfK Custom Research between November-December 2012. A total of 1003 respondants were interviewed by phone -- all respondents were born in 1946.
According to a 2013 MetLife survey of the oldest baby boomers (those born in 1946), "when asked why retired oldest Boomers left the workforce, nearly four in 10 cited the fact that they reached retirement age and they just wanted to retire as the primary reason. Just 17% reported health as the…
According to a 2013 MetLife survey of the oldest baby boomers (those born in 1946), "when asked why retired oldest Boomers left the workforce, nearly four in 10 cited the fact that they reached retirement age and they just wanted to retire as the primary reason. Just 17% reported health as the main incentive for retirement. Significantly more gave being laid off or unable to find work as the basis for their retirement in 2012 (10%) than in 2011 (6%)." (p. 9)
Goyer, A. (2013). The MetLife report on the oldest boomers: Healthy, retiring rapidly and collecting social security. New York: MetLife Mature Market Institute. Retrieved from https://www.metlife.com/assets/cao/mmi/publications/studies/2013/mmi-oldest-boomers.pdf
This survey was conducted for MetLife by GfK Custom Research between November-December 2012. A total of 1003 respondants were interviewed by phone -- all respondents were born in 1946.
According to a 2013 MetLife survey of the oldest baby boomers (those born in 1946), "of currently retired oldest Boomers, more than half (54%) left the workforce earlier than planned. Of those who retired earlier than expected, more did so for negative reasons than positive incentives. Health…
According to a 2013 MetLife survey of the oldest baby boomers (those born in 1946), "of currently retired oldest Boomers, more than half (54%) left the workforce earlier than planned. Of those who retired earlier than expected, more did so for negative reasons than positive incentives. Health was the biggest motivation (32%) and a quarter left the workforce early due to the loss of a job. Fewer than one in 10 retired early because they had adequate retirement resources or other reasons." (p.10)
Goyer, A. (2013). The MetLife report on the oldest boomers: Healthy, retiring rapidly and collecting social security. New York: MetlLife Mature Market Institute. Retrieved from https://www.metlife.com/assets/cao/mmi/publications/studies/2013/mmi-oldest-boomers.pdf
This survey was conducted for MetLife by GfK Custom Research between November-December 2012. A total of 1003 respondants were interviewed by phone -- all respondents were born in 1946.
According to a 2013 MetLife survey of the oldest baby boomers (those born in 1946), "few reported actually retiring later than expected (8%). The primary push to work longer for those who retired later than planned was the need for the salary (30%). Yet just over a quarter (26%) did keep working…
According to a 2013 MetLife survey of the oldest baby boomers (those born in 1946), "few reported actually retiring later than expected (8%). The primary push to work longer for those who retired later than planned was the need for the salary (30%). Yet just over a quarter (26%) did keep working because they enjoyed it and wanted to stay active." (p. 10)
Goyer, A. (2013). The MetLife report on the oldest boomers: Healthy, retiring rapidly and collecting social security. New York: MetLife Mature Market Institute. Retrieved from https://www.metlife.com/assets/cao/mmi/publications/studies/2013/mmi-oldest-boomers.pdf
This survey was conducted for MetLife by GfK Custom Research between November-December 2012. A total of 1003 respondants were interviewed by phone -- all respondents were born in 1946.
According to the 2012 CareerBuilder survey of workers aged 60-plus, "when asked how soon they think they can retire from their current job, more than one-in-ten (12 %) respondents said they don't think they'll ever be able to retire." About one quarter (27%) expect to retire in 1-2 years, one…
According to the 2012 CareerBuilder survey of workers aged 60-plus, "when asked how soon they think they can retire from their current job, more than one-in-ten (12 %) respondents said they don't think they'll ever be able to retire." About one quarter (27%) expect to retire in 1-2 years, one fifth (20%) expect to do to in 3-4 years, and another quarter with 5-6 years (27%).
Careerbuilder. (2013). Majority of workers plan to work after retiring, CareerBuilder survey finds. Chicago: CareerBuilder. Retrieved from http://www.careerbuilder.com/share/aboutus/pressreleasesdetail.aspx?sd=2/27/2013&siteid=cbpr&sc_cmp1=cb_pr741_&id=pr741&ed=12/31/2013
The CareerBuilder survey included more than 680 U.S. workers age 60 and older and more than 2,600 hiring managers and human resources professionals between November 1 and November 30, 2012.
According to the 2012 CareerBuilder survey, "60 percent of workers age 60-plus surveyed said they would look for a new job after retiring from their current company, up from 57 percent last year."
According to the 2012 CareerBuilder survey, "60 percent of workers age 60-plus surveyed said they would look for a new job after retiring from their current company, up from 57 percent last year."
Careerbuilder. (2013). Majority of workers plan to work after retiring, CareerBuilder survey finds. Chicago: CareerBuilder. Retrieved from http://www.careerbuilder.com/share/aboutus/pressreleasesdetail.aspx?sd=2/27/2013&siteid=cbpr&sc_cmp1=cb_pr741_&id=pr741&ed=12/31/2013
The CareerBuilder survey included more than 680 U.S. workers age 60 and older and more than 2,600 hiring managers and human resources professionals between November 1 and November 30, 2012.
According to a 2012 Conference Board survey, "almost one fifth of respondents say that between 31 and 50 percent of their workers are within five years of their organization's average retirement age. Another 34 percent put the figure at between 16 and 30 percent. Additionally, almost another…
According to a 2012 Conference Board survey, "almost one fifth of respondents say that between 31 and 50 percent of their workers are within five years of their organization's average retirement age. Another 34 percent put the figure at between 16 and 30 percent. Additionally, almost another third of the respondents say that between 5 and 15 percent of their workforce is already over the organization's average retirement age." (p. 1)
Levanon, G., Rappaport, A., Abel, A., & Cheng, B. (2012). Recession aftermath: What the delayed retirement of mature workers means for business. (Executive Action Report No. 375). New York: The Conference Board.
The Conference Board surveyed 160 HR professionals and executives of member companies from a variety of industries (May 2011).
According to a 2012 AARP analysis of BLS and CPS data, "most older people who are out of the labor force say that they do not want a job (97 percent in December, 2012, a figure that has shown little fluctuation since the recession began)." (p. 6)
According to a 2012 AARP analysis of BLS and CPS data, "most older people who are out of the labor force say that they do not want a job (97 percent in December, 2012, a figure that has shown little fluctuation since the recession began)." (p. 6)
Rix, S. (2013). The employment situation, December 2012: Five years after the start of the great recession. (Fact Sheet No. 276). Washington, DC: AARP Public Policy Institute. Retrieved from http://www.aarp.org/content/dam/aarp/research/public_policy_institute/econ_sec/2013/the-employment-situation-december-2012-AARP-ppi-econ-sec.pdf
Statistics in this Fact Sheet are from U.S. Department of Labor, Bureau of Labor Statistics (BLS) and from the Current Population Survey.
According to a 2013 analysis of Social Security data, "about half of the increase in the share of people age 62 or older who participated in the labor force during the 2000s can be attributed to the increase in the FRA [Social Security Full Retirement Age]."
According to a 2013 analysis of Social Security data, "about half of the increase in the share of people age 62 or older who participated in the labor force during the 2000s can be attributed to the increase in the FRA [Social Security Full Retirement Age]."
Manchester, J. (2013, January 9). How will older people's participation in the labor force be affected by the coming increase in the full retirement age for social security? Message posted to http://www.cbo.gov/publication/43834
This report includes analysis of benefits claiming and labor force participation data from the Social Security Administration.
According to a 2013 analysis of data from the Health and Retirement Study,"individuals without access to retiree health insurance at work are 7.5 percentage points more likely to retire soon after their 65th birthdays and are 5.8 percentage points less likely to delay retirement until the […
According to a 2013 analysis of data from the Health and Retirement Study,"individuals without access to retiree health insurance at work are 7.5 percentage points more likely to retire soon after their 65th birthdays and are 5.8 percentage points less likely to delay retirement until the [Social Security] Full Retirement Age than those with that insurance." (p. 1)
Coe, N. B., Khan, M., & Rutledge, M. S. (2013). Sticky ages: Why is age 65 still a retirement peak? (Working Paper No. WP 2013-2). Chestnut Hill, MA: Center for Retirement Research at Boston College. Retrieved from http://crr.bc.edu/wp-content/uploads/2013/01/wp_2013-2.pdf
This paper uses the Health and Retirement Study (HRS) in order to estimate the effect of the changes in the Social Security program on the Social Security benefits claiming age.
According to a 2012 analysis of data from the Health and Retirement Study,"long-distance relocations were uncommon following full-time career employment, as less than one in twenty career workers moved to a new Census Division. Moves that involved a change in area or change in residence,…
According to a 2012 analysis of data from the Health and Retirement Study,"long-distance relocations were uncommon following full-time career employment, as less than one in twenty career workers moved to a new Census Division. Moves that involved a change in area or change in residence, however, were much more common, with a frequency at the time of transition from career employment of about 9 percent and 15 percent, respectively. The frequency of moves was similar for those who took bridge jobs and those who exited directly." (p. 19)
Cahill, K. E., Giandrea, M. D., & Quinn, J. F. (2012). The relationship between work decisions and location later in life. (BLS Working Paper No. 458). Washington, DC: Bureau of Labor Statistics. Retrieved from http://www.bls.gov/ore/pdf/ec120070.pdf
This report uses data from the Health and Retirement Study (HRS), an ongoing nationally-representative longitudinal survey of older Americans that began in 1992. The HRS core consists of 5,869 men and 6,783 women
According to a 2012 survey of Baby Boomers born in 1946 who turned 65 in 2011, "while few (8%) retired later than planned, the main reason for this was the need for salary to pay for day-to-day expenses (27%), followed by the desire to remain active/enjoy working (13%), and the need to save more…
According to a 2012 survey of Baby Boomers born in 1946 who turned 65 in 2011, "while few (8%) retired later than planned, the main reason for this was the need for salary to pay for day-to-day expenses (27%), followed by the desire to remain active/enjoy working (13%), and the need to save more toward retirement (11%)." (p. 8)
MetLife. (2012). Transitioning into retirement: TheMetLife study of baby boomers at 65. Westport, CT: Metlife Mature Market Institute. Retrieved from https://www.metlife.com/assets/cao/mmi/publications/studies/2012/studies/mmi-transitioning-retirement.pdf
Transitioning into Retirement was conducted by GfK Custom Research North America on behalf of the MetLife Mature Market Institute from November 3, 2011 through November 30, 2011. A total of 1,012 respondents born in 1946 were surveyed by random digit-dial telephone contact. The recontacted sample was among 942 respondents from the previous wave of Boomer Bookends: Insights Into the Oldest and Youngest Boomers (2009) who agreed to be recontacted. A total of 450 respondents from this group completed the follow-up survey. The sample was supplemented by an additional sample of 562 respondents from Dunhill.
According to a 2012 survey of Baby Boomers born in 1946 who turned 65 in 2011, "of those who have already retired, half (51%) report they retired earlier than they had expected. Another 8% said they retired later than planned. The remaining retired as planned. More women than men reported an…
According to a 2012 survey of Baby Boomers born in 1946 who turned 65 in 2011, "of those who have already retired, half (51%) report they retired earlier than they had expected. Another 8% said they retired later than planned. The remaining retired as planned. More women than men reported an earlier retirement (57% versus 43% respectively). The reason most retirees gave for why they decided to retire early was health-related (37%), followed by a loss of job (16%). Four in ten retirees said they retired early for 'other' reasons." (p. 8)
MetLife. (2012). Transitioning into retirement: TheMetLife study of baby boomers at 65. Westport, CT: Metlife Mature Market Institute. Retrieved from https://www.metlife.com/assets/cao/mmi/publications/studies/2012/studies/mmi-transitioning-retirement.pdf
Transitioning into Retirement was conducted by GfK Custom Research North America on behalf of the MetLife Mature Market Institute from November 3, 2011 through November 30, 2011. A total of 1,012 respondents born in 1946 were surveyed by random digit-dial telephone contact. The recontacted sample was among 942 respondents from the previous wave of Boomer Bookends: Insights Into the Oldest and Youngest Boomers (2009) who agreed to be recontacted. A total of 450 respondents from this group completed the follow-up survey. The sample was supplemented by an additional sample of 562 respondents from Dunhill.
According to a 2012 survey of Baby Boomers born in 1946 who turned 65 in 2011, among those still working, 61% report that the age they plan to retire has not changed from that of their planned age one year ago... A third (32%), however, have changed their plans to a later date. This is primarily…
According to a 2012 survey of Baby Boomers born in 1946 who turned 65 in 2011, among those still working, 61% report that the age they plan to retire has not changed from that of their planned age one year ago... A third (32%), however, have changed their plans to a later date. This is primarily due to the need to continue receiving a salary to pay for day-to-day expenses, as reported by 27% of respondents. Another 24% report that they enjoy working or want to stay active. Of the few (7%) who now plan to retire earlier than they did one year ago, 23% attribute this to health reasons." (p. 7)
MetLife. (2012). Transitioning into retirement: TheMetLife study of baby boomers at 65. Westport, CT: Metlife Mature Market Institute. Retrieved from https://www.metlife.com/assets/cao/mmi/publications/studies/2012/studies/mmi-transitioning-retirement.pdf
Transitioning into Retirement was conducted by GfK Custom Research North America on behalf of the MetLife Mature Market Institute from November 3, 2011 through November 30, 2011. A total of 1,012 respondents born in 1946 were surveyed by random digit-dial telephone contact. The recontacted sample was among 942 respondents from the previous wave of Boomer Bookends: Insights Into the Oldest and Youngest Boomers (2009) who agreed to be recontacted. A total of 450 respondents from this group completed the follow-up survey. The sample was supplemented by an additional sample of 562 respondents from Dunhill.
According to a 2012 survey of Baby Boomers born in 1946 who turned 65 in 2011, "almost half (46%) retired within the past few years, when they were age 62 or older. Just over a quarter (27%) retired between the ages of 56 and 61. Twenty percent retired at age 62. Just over a third (36%) of…
According to a 2012 survey of Baby Boomers born in 1946 who turned 65 in 2011, "almost half (46%) retired within the past few years, when they were age 62 or older. Just over a quarter (27%) retired between the ages of 56 and 61. Twenty percent retired at age 62. Just over a third (36%) of retirees say the reason they retired was because they reached retirement age and wanted to. Another 18% cited health reasons." (p. 7)
MetLife. (2012). Transitioning into retirement: TheMetLife study of baby boomers at 65. Westport, CT: Metlife Mature Market Institute. Retrieved from https://www.metlife.com/assets/cao/mmi/publications/studies/2012/studies/mmi-transitioning-retirement.pdf
Transitioning into Retirement was conducted by GfK Custom Research North America on behalf of the MetLife Mature Market Institute from November 3, 2011 through November 30, 2011. A total of 1,012 respondents born in 1946 were surveyed by random digit-dial telephone contact. The recontacted sample was among 942 respondents from the previous wave of Boomer Bookends: Insights Into the Oldest and Youngest Boomers (2009) who agreed to be recontacted. A total of 450 respondents from this group completed the follow-up survey. The sample was supplemented by an additional sample of 562 respondents from Dunhill.
According to a 2012 survey of Baby Boomers born in 1946 who turned 65 in 2011, "among those currently working, just over half anticipate being able to retire before they turn 70 years old. In fact, 37% believe they will be able to retire within the next year (2012). On average, these respondents…
According to a 2012 survey of Baby Boomers born in 1946 who turned 65 in 2011, "among those currently working, just over half anticipate being able to retire before they turn 70 years old. In fact, 37% believe they will be able to retire within the next year (2012). On average, these respondents believe they will be able to retire by age 68.5. Between 2008 and 2011, the average planned retirement age among those still working increased by more than two years from 66.3 in 2008." (p. 6)
MetLife. (2012). Transitioning into retirement: TheMetLife study of baby boomers at 65. Westport, CT: Metlife Mature Market Institute. Retrieved from https://www.metlife.com/assets/cao/mmi/publications/studies/2012/studies/mmi-transitioning-retirement.pdf
Transitioning into Retirement was conducted by GfK Custom Research North America on behalf of the MetLife Mature Market Institute from November 3, 2011 through November 30, 2011. A total of 1,012 respondents born in 1946 were surveyed by random digit-dial telephone contact. The recontacted sample was among 942 respondents from the previous wave of Boomer Bookends: Insights Into the Oldest and Youngest Boomers (2009) who agreed to be recontacted. A total of 450 respondents from this group completed the follow-up survey. The sample was supplemented by an additional sample of 562 respondents from Dunhill.
According to a 2012 survey of Baby Boomers born in 1946 who turned 65 in 2011, "almost four in 10 respondents (37%) who retired earlier than they had planned cite health-related reasons for doing so, while another 16% cite loss of a job or job opportunities. Those who retired later than they had…
According to a 2012 survey of Baby Boomers born in 1946 who turned 65 in 2011, "almost four in 10 respondents (37%) who retired earlier than they had planned cite health-related reasons for doing so, while another 16% cite loss of a job or job opportunities. Those who retired later than they had planned mention needing a salary to pay for day-to-day expenses (27%) and a desire to stay active (13%) as the reasons for delaying retirement." (p. 3)
MetLife. (2012). Transitioning into retirement: TheMetLife study of baby boomers at 65. Westport, CT: Metlife Mature Market Institute. Retrieved from https://www.metlife.com/assets/cao/mmi/publications/studies/2012/studies/mmi-transitioning-retirement.pdf
Transitioning into Retirement was conducted by GfK Custom Research North America on behalf of the MetLife Mature Market Institute from November 3, 2011 through November 30, 2011. A total of 1,012 respondents born in 1946 were surveyed by random digit-dial telephone contact. The recontacted sample was among 942 respondents from the previous wave of Boomer Bookends: Insights Into the Oldest and Youngest Boomers (2009) who agreed to be recontacted. A total of 450 respondents from this group completed the follow-up survey. The sample was supplemented by an additional sample of 562 respondents from Dunhill.
According to a 2012 survey of Baby Boomers born in 1946 who turned 65 in 2011, "of those who have not yet retired, 61% plan to retire at the same time as they planned one year ago. On average, Boomers who have not yet retired plan to do so by age 68.5." (p. 3)
According to a 2012 survey of Baby Boomers born in 1946 who turned 65 in 2011, "of those who have not yet retired, 61% plan to retire at the same time as they planned one year ago. On average, Boomers who have not yet retired plan to do so by age 68.5." (p. 3)
MetLife. (2012). Transitioning into retirement: TheMetLife study of baby boomers at 65. Westport, CT: Metlife Mature Market Institute. Retrieved from https://www.metlife.com/assets/cao/mmi/publications/studies/2012/studies/mmi-transitioning-retirement.pdf
Transitioning into Retirement was conducted by GfK Custom Research North America on behalf of the MetLife Mature Market Institute from November 3, 2011 through November 30, 2011. A total of 1,012 respondents born in 1946 were surveyed by random digit-dial telephone contact. The recontacted sample was among 942 respondents from the previous wave of Boomer Bookends: Insights Into the Oldest and Youngest Boomers (2009) who agreed to be recontacted. A total of 450 respondents from this group completed the follow-up survey. The sample was supplemented by an additional sample of 562 respondents from Dunhill.
According to a 2012 survey of Baby Boomers born in 1946 who turned 65 in 2011, "almost one-half (45%) of 65-year-old Boomers are now fully retired (up from 19% in 2008), with another 14% reporting that they are retired but working part-time or seasonally." (p. 3)
According to a 2012 survey of Baby Boomers born in 1946 who turned 65 in 2011, "almost one-half (45%) of 65-year-old Boomers are now fully retired (up from 19% in 2008), with another 14% reporting that they are retired but working part-time or seasonally." (p. 3)
MetLife. (2012). Transitioning into retirement: TheMetLife study of baby boomers at 65. Westport, CT: Metlife Mature Market Institute. Retrieved from https://www.metlife.com/assets/cao/mmi/publications/studies/2012/studies/mmi-transitioning-retirement.pdf
Transitioning into Retirement was conducted by GfK Custom Research North America on behalf of the MetLife Mature Market Institute from November 3, 2011 through November 30, 2011. A total of 1,012 respondents born in 1946 were surveyed by random digit-dial telephone contact. The recontacted sample was among 942 respondents from the previous wave of Boomer Bookends: Insights Into the Oldest and Youngest Boomers (2009) who agreed to be recontacted. A total of 450 respondents from this group completed the follow-up survey. The sample was supplemented by an additional sample of 562 respondents from Dunhill.
According to a 2012 survey of Baby Boomers born in 1946 who turned 65 in 2011, "of those still working, over one-third anticipated that they will retire within the coming year, when they turn 66 and are eligible for full Social Security retirement benefits." (p. 2)
According to a 2012 survey of Baby Boomers born in 1946 who turned 65 in 2011, "of those still working, over one-third anticipated that they will retire within the coming year, when they turn 66 and are eligible for full Social Security retirement benefits." (p. 2)
MetLife. (2012). Transitioning into retirement: TheMetLife study of baby boomers at 65. Westport, CT: Metlife Mature Market Institute. Retrieved from https://www.metlife.com/assets/cao/mmi/publications/studies/2012/studies/mmi-transitioning-retirement.pdf
Transitioning into Retirement was conducted by GfK Custom Research North America on behalf of the MetLife Mature Market Institute from November 3, 2011 through November 30, 2011. A total of 1,012 respondents born in 1946 were surveyed by random digit-dial telephone contact. The recontacted sample was among 942 respondents from the previous wave of Boomer Bookends: Insights Into the Oldest and Youngest Boomers (2009) who agreed to be recontacted. A total of 450 respondents from this group completed the follow-up survey. The sample was supplemented by an additional sample of 562 respondents from Dunhill.
According to a 2012 survey of Baby Boomers born in 1946 who turned 65 in 2011, among those "who stated that they were fully retired, the average age at retirement for these Boomers was 59.7 for men and 57.2 for women." (p. 2)
According to a 2012 survey of Baby Boomers born in 1946 who turned 65 in 2011, among those "who stated that they were fully retired, the average age at retirement for these Boomers was 59.7 for men and 57.2 for women." (p. 2)
MetLife. (2012). Transitioning into retirement: TheMetLife study of baby boomers at 65. Westport, CT: Metlife Mature Market Institute. Retrieved from https://www.metlife.com/assets/cao/mmi/publications/studies/2012/studies/mmi-transitioning-retirement.pdf
Transitioning into Retirement was conducted by GfK Custom Research North America on behalf of the MetLife Mature Market Institute from November 3, 2011 through November 30, 2011. A total of 1,012 respondents born in 1946 were surveyed by random digit-dial telephone contact. The recontacted sample was among 942 respondents from the previous wave of Boomer Bookends: Insights Into the Oldest and Youngest Boomers (2009) who agreed to be recontacted. A total of 450 respondents from this group completed the follow-up survey. The sample was supplemented by an additional sample of 562 respondents from Dunhill.
According to a 2012 Metlife report on a survey of Baby Boomers born in 1946 who turned 65 in 2011, "almost twice as many...stated that they were fully retired as were working full-time at age 65 (45% versus 24% respectively)." (p. 2)
According to a 2012 Metlife report on a survey of Baby Boomers born in 1946 who turned 65 in 2011, "almost twice as many...stated that they were fully retired as were working full-time at age 65 (45% versus 24% respectively)." (p. 2)
MetLife. (2012). Transitioning into retirement: TheMetLife study of baby boomers at 65. Westport, CT: Metlife Mature Market Institute. Retrieved from https://www.metlife.com/assets/cao/mmi/publications/studies/2012/studies/mmi-transitioning-retirement.pdf
Transitioning into Retirement was conducted by GfK Custom Research North America on behalf of the MetLife Mature Market Institute from November 3, 2011 through November 30, 2011. A total of 1,012 respondents born in 1946 were surveyed by random digit-dial telephone contact. The recontacted sample was among 942 respondents from the previous wave of Boomer Bookends: Insights Into the Oldest and Youngest Boomers (2009) who agreed to be recontacted. A total of 450 respondents from this group completed the follow-up survey. The sample was supplemented by an additional sample of 562 respondents from Dunhill.
According to a 2012 Metlife report, "more than one in three (35%) Boomers say that as a result of current economic conditions they plan to postpone retirement. For many employees, concerns about outliving their retirement money (50%), and needing to continue to work through retirement years (46…
According to a 2012 Metlife report, "more than one in three (35%) Boomers say that as a result of current economic conditions they plan to postpone retirement. For many employees, concerns about outliving their retirement money (50%), and needing to continue to work through retirement years (46%), combined with doubts about the long-term viability of Social Security and Medicare (75%), leads to significant worries about having enough steady income in retirement to meet expenses (52%)...One in four Older Boomers is now significantly behind in saving for retirement." (p. 48)
Metlife. (2012). 10th Annual study of employee benefits trends: Seeing opportunity in shifting tides. New York: Metlife. Retrieved from https://www.metlife.com/assets/institutional/services/insights-and-tools/ebts/ml-10-Annual-EBTS.pdf
The 10th Annual MetLife Study of Employee Benefits Trends was conducted during September and October of 2011 and consisted of two distinct studies fielded by GfK Custom Research North America. The employer survey comprised 1,519 interviews with benefits decision-makers at companies with staff sizes of at least two employees. The employee sample comprised 1,412 interviews with full-time employees age 21 and over, at companies with a minimum of two employees.
According to a 2012 global workforce survey of 32,000 workers worldwide, among full-time employees in large and mid-size organizations, "thirty-nine percent expect to retire somewhat or much later than planned." (p. 2)
According to a 2012 global workforce survey of 32,000 workers worldwide, among full-time employees in large and mid-size organizations, "thirty-nine percent expect to retire somewhat or much later than planned." (p. 2)
Towers Watson. (2012). 2012 global workforce study. Engagement at risk: Driving strong performance in a volatile global environment. New York: Towers Watson. Retrieved from http://towerswatson.com/assets/pdf/2012-Towers-Watson-Global-Workforce-Study.pdf
The Towers Watson Global Workforce Study covers more than 32,000 employees selected from research panels that represent the populations of full-time employees working in large and midsize organizations across a range of industries in 29 markets around the world. It was fielded by a third-party vendor via an online questionnaire between February and May 2012.
Among U.S. respondents to a 2012 global survey of workers and retirees, “whereas a majority (54%) of the current generation of retirees moved straight from working life into full retirement, the majority of current employees (60%) expect to keep working in some manner beyond their retirement age…
Among U.S. respondents to a 2012 global survey of workers and retirees, “whereas a majority (54%) of the current generation of retirees moved straight from working life into full retirement, the majority of current employees (60%) expect to keep working in some manner beyond their retirement age. US employees are leading this trend, with only 18% expecting to stop working immediately when they reach retirement age.” Among the US retirees in this survey, "63% stopped working completely at retirement age." (p. 4, 15)
(p. 15)
Aegon. (2012). The changing face of retirement : The Aegon retirement readiness survey 2012. The Hague, Netherlands: Aegon Group. Retrieved from http://www.aegon.com/Documents/aegon-com/Sitewide/Reports-and-Publications/Research/AEGON-Retirement-Readiness-Survey-2012.pdf?epslanguage=en
The findings in this report are based on the responses of 9,000 people from nine countries. respondents were interviewed using an online panel survey, and interviews were conducted in their local languages in January and February 2012. 8,100 employees and 900 retirees were interviewed to provide some comparison of the outlook of current employees to those already in retirement.
According to a 2010 analysis of Health and Retirement Study data, "men born 1933 to 1937 retired much earlier, on average, than those born 20 years earlier. The trend reversed 10 years later. The median retirement age for men was about one-half year higher in the 1943-47 birth cohort than in the…
According to a 2010 analysis of Health and Retirement Study data, "men born 1933 to 1937 retired much earlier, on average, than those born 20 years earlier. The trend reversed 10 years later. The median retirement age for men was about one-half year higher in the 1943-47 birth cohort than in the 1933-37 cohort (62 vs. 61.5), but differences were more pronounced at older ages. By age 65, for example, 40 percent of early boomer men had not yet retired, compared with only 20 percent of Silent Generation men."
Johnson, R. W., Butrica, B. A., & Mommaerts, C. (2010). Work and retirement patterns for the G.I. generation, silent generation, and early boomers: Thirty years of change. (Working Paper No. 2010-8). Chestnut Hill, MA: Center for Retirement Research at Boston College. Retrieved from http://crr.bc.edu/wp-content/uploads/2010/07/wp_2010-81.pdf
This study compares labor force exits by older workers in three different five-year cohorts--those born from 1913 to 1917 (part of the G.I. Generation), 1933 to 1937 (part of the Silent Generation), and 1943 to 1947 (the early years of the Baby Boom Generation). These cohorts reached age 65 around 1980, 2000, and 2010. Using 16-year longitudinal panels from the Health and Retirement Study and decades-long administrative earnings records linked to respondents in the Survey of Income and Program Participation (SIPP).
According to a 2010 analysis of Health and Retirement Study data, "age-65 retirements have become much less common over the past 30 years, especially for men. The probability of retiring at age 65 among men working at age 64 fell from 56 percent for the 1913-17 birth cohort, to 26 percent for…
According to a 2010 analysis of Health and Retirement Study data, "age-65 retirements have become much less common over the past 30 years, especially for men. The probability of retiring at age 65 among men working at age 64 fell from 56 percent for the 1913-17 birth cohort, to 26 percent for the 1933-37 cohort, to 7 percent for the 1943-47 cohort.
Johnson, R. W., Butrica, B. A., & Mommaerts, C. (2010). Work and retirement patterns for the G.I. generation, silent generation, and early boomers: Thirty years of change. (Working Paper No. 2010-8). Chestnut Hill, MA: Center for Retirement Research at Boston College. Retrieved from http://crr.bc.edu/wp-content/uploads/2010/07/wp_2010-81.pdf
This study compares labor force exits by older workers in three different five-year cohorts—those born from 1913 to 1917 (part of the G.I. Generation), 1933 to 1937 (part of the Silent Generation), and 1943 to 1947 (the early years of the Baby Boom Generation). These cohorts reached age 65 around 1980, 2000, and 2010. Using 16-year longitudinal panels from the Health and Retirement Study and decades-long administrative earnings records linked to respondents in the Survey of Income and Program Participation (SIPP).
According to a 2010 analysis of Health and Retirement Study data, "among workers born 1913 to 1917 and not yet retired (fully or partially) at age 49, about one-half of men (51.1 percent) and two-fifths of women (60.1 percent) followed the'traditional' route into retirement, moving from full-…
According to a 2010 analysis of Health and Retirement Study data, "among workers born 1913 to 1917 and not yet retired (fully or partially) at age 49, about one-half of men (51.1 percent) and two-fifths of women (60.1 percent) followed the'traditional' route into retirement, moving from full-time or nearly full-time work directly out of the labor force and never returning to work.This share fell to about one-third (34.3 percent of men and 37.4 percent of women) for workers born 20 years later (between 1933 and 1937).
Johnson, R. W., Butrica, B. A., & Mommaerts, C. (2010). Work and retirement patterns for the G.I. generation, silent generation, and early boomers: Thirty years of change. (Working Paper No. 2010-8). Chestnut Hill, MA: Center for Retirement Research at Boston College. Retrieved from http://crr.bc.edu/wp-content/uploads/2010/07/wp_2010-81.pdf
It compares labor force exits by older workers in three different five-year cohorts—those born from 1913 to 1917 (part of the G.I. Generation), 1933 to 1937 (part of the Silent Generation), and 1943 to 1947 (the early years of the Baby Boom Generation). These cohorts reached age 65 around 1980, 2000, and 2010. Using 16-year longitudinal panels from the Health and Retirement Study and decades-long administrative earnings records linked to respondents in the Survey of Income and Program Participation (SIPP).
According to a 2010 analysis of Health and Retirement Study data, "about 26 percent of men and 29 percent of women born 1933 to 1937 returned to full-time or nearly full-time employment after fully or partially retiring." (p. 27)
According to a 2010 analysis of Health and Retirement Study data, "about 26 percent of men and 29 percent of women born 1933 to 1937 returned to full-time or nearly full-time employment after fully or partially retiring." (p. 27)
Johnson, R. W., Butrica, B. A., & Mommaerts, C. (2010). Work and retirement patterns for the G.I. generation, silent generation, and early boomers: Thirty years of change. (Working Paper No. 2010-8). Chestnut Hill, MA: Center for Retirement Research at Boston College. Retrieved from http://crr.bc.edu/wp-content/uploads/2010/07/wp_2010-81.pdf
This study compares labor force exits by older workers in three different five-year cohorts—those born from 1913 to 1917 (part of the G.I. Generation), 1933 to 1937 (part of the Silent Generation), and 1943 to 1947 (the early years of the Baby Boom Generation). These cohorts reached age 65 around 1980, 2000, and 2010. Using 16-year longitudinal panels from the Health and Retirement Study and decades-long administrative earnings records linked to respondents in the Survey of Income and Program Participation (SIPP).
According to a 2010 analysis of Health and Retirement Study data, "62 is now the most common retirement age by far. More than one-fifth of men born 1943 to 47 working at age 61 retired at age 62.While average retirement ages have been creeping up recently and labor force participation rates have…
According to a 2010 analysis of Health and Retirement Study data, "62 is now the most common retirement age by far. More than one-fifth of men born 1943 to 47 working at age 61 retired at age 62.While average retirement ages have been creeping up recently and labor force participation rates have surged after age 62, the share of adults retired by age 62 had not fallen much, especially among men.
Johnson, R. W., Butrica, B. A., & Mommaerts, C. (2010). Work and retirement patterns for the G.I. generation, silent generation, and early boomers: Thirty years of change. (Working Paper No. 2010-8). Chestnut Hill, MA: Center for Retirement Research at Boston College. Retrieved from http://crr.bc.edu/wp-content/uploads/2010/07/wp_2010-81.pdf
This study compares labor force exits by older workers in three different five-year cohorts—those born from 1913 to 1917 (part of the G.I. Generation), 1933 to 1937 (part of the Silent Generation), and 1943 to 1947 (the early years of the Baby Boom Generation). These cohorts reached age 65 around 1980, 2000, and 2010. Using 16-year longitudinal panels from the Health and Retirement Study and decades-long administrative earnings records linked to respondents in the Survey of Income and Program Participation (SIPP).
According to a 2012 report on the Transamerica Retirement Survey, "the majority of workers in their Fifties and Sixties plan to work after they retire, with 52% reporting that they plan to work part-time and about 9% reporting that they plan to work full-time. Fewer than one in five workers (19…
According to a 2012 report on the Transamerica Retirement Survey, "the majority of workers in their Fifties and Sixties plan to work after they retire, with 52% reporting that they plan to work part-time and about 9% reporting that they plan to work full-time. Fewer than one in five workers (19 percent) do not plan to work after they retire." (p. 21)
Collinson, C. (2012). Redefining retirement: The new 'retirement readiness'. The 13th annual Transamerica Retirement Survey. San Francisco, CA: Transamerica Center for Retirement Studies. Retrieved from https://www.ta-retirement.com/resources/TCRS%2013th%20Annual%20Thematic%20Report%20Final%205-14-12.pdf
A 22-minute, online survey was conducted between January 13 - 31, 2012 among a nationally representative sample of 3,609 workers using the Harris online panel. The sample is of U.S. residents, age 18 or older who are full-time or part-time workers in a for-profit company employing 10 or more people
According to a 2012 report on the Transamerica Retirement Survey, among workers in their fifties who plan to work after aged 65, 8% say they need health benefits, while 44% say the can't afford to retire and 17% say they need the income. Other reasons including wanting to stay involved (18%)…
According to a 2012 report on the Transamerica Retirement Survey, among workers in their fifties who plan to work after aged 65, 8% say they need health benefits, while 44% say the can't afford to retire and 17% say they need the income. Other reasons including wanting to stay involved (18%) and enjoying what they do (10%). Among workers in their sixties, a somewhat higher proportion report wanting to keep working for enjoyment reasons: 26% say they enjoy what they do while 14% say they want to stay involved. (p. 22)
Collinson, C. (2012). Redefining retirement: The new 'retirement readiness': The 13th annual Transamerica Retirement Survey. San Francisco, CA: Transamerica Center for Retirement Studies. Retrieved from https://www.ta-retirement.com/resources/TCRS%2013th%20Annual%20Thematic%20Report%20Final%205-14-12.pdf
A 22-minute, online survey was conducted between January 13 - 31, 2012 among a nationally representative sample of 3,609 workers using the Harris online panel. The sample is of U.S. residents, age 18 or older who are full-time or part-time workers in a for-profit company employing 10 or more people
According to a 2012 analysis of BLS statistics, "most older people who are out of the labor force say that they do not want a job (97 percent in March, a figure that has remained essentially unchanged since the start of the recession). At the start of the recession, 826,000 older non-labor force…
According to a 2012 analysis of BLS statistics, "most older people who are out of the labor force say that they do not want a job (97 percent in March, a figure that has remained essentially unchanged since the start of the recession). At the start of the recession, 826,000 older non-labor force participants reported wanting a job; by the recession's end in June 2009, that number had risen to 1.2 million.
Rix, S. E. (2012). The employment situation, March 2012: Unemployment rises for older workers. (Fact Sheet No. 255). Washington, DC: AARP Public Policy Institute. Retrieved from http://www.aarp.org/content/dam/aarp/research/public_policy_institute/econ_sec/2012/The-Employment-Situation-March-2012-AARP-ppi-econ-sec.pdf
Statistics in this Fact Sheet are from U.S. Department of Labor, Bureau of Labor Statistics (BLS), The Employment Situation--March 2012, USDL-12-0614 (Washington, DC: BLS, April 6, 2012);
According to the 2011 Sun-Life Unretirement Index, "as of September 2011, almost two-thirds (61%) of working Americans plan to delay retirement three years or more due to economic factors, a significant rise from the 43% who planned such a delay in December 2008."
According to the 2011 Sun-Life Unretirement Index, "as of September 2011, almost two-thirds (61%) of working Americans plan to delay retirement three years or more due to economic factors, a significant rise from the 43% who planned such a delay in December 2008."
Sun-Life Financial. (2011). Sun-Life Financial U.S. Unretirement Index - Fall 2011: Americans' trust in retirement reaches a tipping point. US: Sun-Life Financial. Retrieved from http://cdn.sunlife.com/static/unitedstates/Unretirement%20Index/files/2011%20files/UnretirementIndex2011_Result_Final.pdf
The fifth wave of the Unretirement Index was conducted in September 2011 using a probability-based panel designed to be statistically representative of the U.S. population, ages 18-66. There were a total of 1,499 qualified respondents to the survey.
According to the 2011 Sun-Life Unretirement Index, when asked at what age they plan to stop working, 20% of American workers stated "never. I think I'll always work in some capacity."
According to the 2011 Sun-Life Unretirement Index, when asked at what age they plan to stop working, 20% of American workers stated "never. I think I'll always work in some capacity."
Sun-Life Financial. (2011). Sun-Life Financial U.S. Unretirement Index - Fall 2011: Americans' trust in retirement reaches a tipping point. US: Sun-Life Financial. Retrieved from http://cdn.sunlife.com/static/unitedstates/Unretirement%20Index/files/2011%20files/UnretirementIndex2011_Result_Final.pdf
The fifth wave of the Unretirement Index was conducted in September 2011 using a probability-based panel designed to be statistically representative of the U.S. population, ages 18-66. There were a total of 1,499 qualified respondents ages 18-66 to the survey.
According to a 2012 analysis of data from the Health and Retirement Survey, among workers over the age of 50, "in 2006 (just before the recent recession), 11.2 percent expected to retire at age 70, and by 2010 (after it had officially ended) that had increased to 14.8 percent." (p. 1)
According to a 2012 analysis of data from the Health and Retirement Survey, among workers over the age of 50, "in 2006 (just before the recent recession), 11.2 percent expected to retire at age 70, and by 2010 (after it had officially ended) that had increased to 14.8 percent." (p. 1)
Banerjee, S. (2011). Retirement age expectations of older Americans between 2006 and 2010. Employee Benefit Research Institute Notes, 13(12), 2-12. Retrieved from http://www.ebri.org/pdf/notespdf/EBRI_Notes_12_Dec-11.RetAge-HCS.pdf
This report is based on analyisis of data from the Health and Retirement Survey.
According to a 2012 analysis of data from the Health and Retirement Survey, "in 2008, during the recession, 22.4 percent of the workers age 50 or over said they plan to never retire. That declined to 16.3 percent in 2010 after the recession. Over the 2006-2010 period (before, during, and after…
According to a 2012 analysis of data from the Health and Retirement Survey, "in 2008, during the recession, 22.4 percent of the workers age 50 or over said they plan to never retire. That declined to 16.3 percent in 2010 after the recession. Over the 2006-2010 period (before, during, and after the recession), another 14-18 percent of workers said they don't know when they will retire." (p. 1)
Banerjee, S. (2011). Retirement age expectations of older Americans between 2006 and 2010. Employee Benefit Research Institute Notes, 13(12), 2-12. Retrieved from http://www.ebri.org/pdf/notespdf/EBRI_Notes_12_Dec-11.RetAge-HCS.pdf
This report is based on analyisis of data from the Health and Retirement Survey.
According to a 2012 analysis of data from the Health and Retirement Survey, "a declining percentage of Americans are expecting to retire at 62 and 65. In 2006, 7.4 percent of people [over the age of 50] said they plan to stop working at 62, but by 2010 it had dropped to 4.9 percent. In 2006, 16.…
According to a 2012 analysis of data from the Health and Retirement Survey, "a declining percentage of Americans are expecting to retire at 62 and 65. In 2006, 7.4 percent of people [over the age of 50] said they plan to stop working at 62, but by 2010 it had dropped to 4.9 percent. In 2006, 16.1 percent people expected to retire at 65, but in 2010, 14.6 percent planned to do so. Conversely, expected retirement at 66 has increased from 2.9 percent in 2006 to 4 percent in 2010." (p. 2)
Banerjee, S. (2011). Retirement age expectations of older Americans between 2006 and 2010. Employee Benefit Research Institute Notes, 13(12), 2-12. Retrieved from http://www.ebri.org/pdf/notespdf/EBRI_Notes_12_Dec-11.RetAge-HCS.pdf
This report is based on analyisis of data from the Health and Retirement Survey.
According to a 2011 survey of 400 "boomers" with incomes of at least $50,000, "67% of survey respondents who are not yet retired said they are likely to consider working at least part-time during retirement. Almost half of them said they plan to work 16 to 25 hours per week, and about one-third…
According to a 2011 survey of 400 "boomers" with incomes of at least $50,000, "67% of survey respondents who are not yet retired said they are likely to consider working at least part-time during retirement. Almost half of them said they plan to work 16 to 25 hours per week, and about one-third plan to work 5 to 15 hours per week." (p. 2)
First Command. (2011). Reinventing retirement. USA: First Command Financial Services. Retrieved from http://www.firstcommand.com/pv_obj_cache/pv_obj_id_C7647F3F3EECD2E75D89649D6B51A29FDEE81B00/filename/reinventing-retirement.pdf
A national survey performed through the First Command Financial Behaviors IndexВ® is a monthly survey of approximately 1,000 U.S. consumers aged 25 to 70 with annual household incomes of at least $50,000. Results are reported quarterly.
According to a 2011 survey of 400 "boomers" with incomes of at least $50,000, 68% of survey respondents said they plan to work [during retirement] because they want to 'stay busy.' Running a close second is the wish to 'stay intellectually engaged' which was cited by 66% of respondents. Almost…
According to a 2011 survey of 400 "boomers" with incomes of at least $50,000, 68% of survey respondents said they plan to work [during retirement] because they want to 'stay busy.' Running a close second is the wish to 'stay intellectually engaged' which was cited by 66% of respondents. Almost half of Boomers said they 'want the sense of fulfillment' they get from working. One in five want to 'keep the community aspect of the workplace.'"(p. 3)
First Command. (2011). Reinventing retirement. USA: First Command Financial Services. Retrieved from http://www.firstcommand.com/pv_obj_cache/pv_obj_id_C7647F3F3EECD2E75D89649D6B51A29FDEE81B00/filename/reinventing-retirement.pdf
A national survey performed through the First Command Financial Behaviors IndexВ® is a monthly survey of approximately 1,000 U.S. consumers aged 25 to 70 with annual household incomes of at least $50,000. Results are reported quarterly.
A 2011 analysis of employee retirement data found that when employers offer retirement health insurance, the probability of early retirement increases. "Retiree health coverage has its strongest effects at ages 62 and 63, resulting in a 3.7 percentage point (21.2 percent) increase in the…
A 2011 analysis of employee retirement data found that when employers offer retirement health insurance, the probability of early retirement increases. "Retiree health coverage has its strongest effects at ages 62 and 63, resulting in a 3.7 percentage point (21.2 percent) increase in the probability of turnover at age 62 and a 5.1 percentage point (32.2 percent) increase in the probability of turnover at age 63; it has a more modest effects for individuals under the age of 62." (p. 1)
Nyce, S., Schieber, S., Shoven, J. B., Slavov, S., & Wise, D. A. (2011). Does retiree health insurance encourage early retirement? (NBER Working Paper No. 17703). Washington, DC: National Bureau of Economic Research. Retrieved from http://papers.nber.org/papers/w17703
This report is based on analysis of data from the Towers Watson client database.
According to a 2011 report on retirement trends, "continued employment in something other than the career job...rises to a maximum of 32 percent of the men and 37 percent of the women when the HRS respondents are aged 59 to 69, but still remains significant (more than 20 percent of the sample)…
According to a 2011 report on retirement trends, "continued employment in something other than the career job...rises to a maximum of 32 percent of the men and 37 percent of the women when the HRS respondents are aged 59 to 69, but still remains significant (more than 20 percent of the sample) even among those aged 67 to 77." (p. 8)
Quinn, J. F., Cahill, K. E., & Giandrea, M. D. (2011). Early retirement: The dawn of a new era? New York, NY: TIAA-CREF Institute. Retrieved from http://www.tiaa-cref.org/ucm/groups/content/@ap_ucm_p_inst/documents/document/tiaa02030420.pdf
This report includes analysis based on the authors' calculations from U.S. Census Bureau, Current Population Survey (CPS) (1962-2010), and data from the U.S. Bureau of Labor Statistics and the Health and Retirement Survey.
According to a 2011 survey of retirees and pre-retirees conducted by the Harvard School of Public Health, "60% of pre-retirees expect to retire at age 65 or older while 26% of retirees did retire at age 65 or older. Further, more pre-retirees now plan to retire later than they expected to during…
According to a 2011 survey of retirees and pre-retirees conducted by the Harvard School of Public Health, "60% of pre-retirees expect to retire at age 65 or older while 26% of retirees did retire at age 65 or older. Further, more pre-retirees now plan to retire later than they expected to during their 40s as compared to retirees who actually retired later than they expected to during their 40s (39% vs. 12%). There is also a smaller, but still notable, minority of those who have not retired yet who say they never will retire fully (15%)."
Poll: Retirement and health. Summary and chart pack. (2011). Boston: Harvard School of Public Health. Retrieved from http://www.hsph.harvard.edu/news/press-releases/files/press_release_summary_of_retirement_poll_9.23.11_revised.pdf
Interviews were conducted via telephone (including both landline and cell phone) by SSRS/ICR of Media (PA) July 25 to August 18, 2011 among a nationally representative sample of 1254 adults over 50. It includes 755 are retirees and 409 are pre-retirees (those who have not retired but plan to).
According to a 2011 AARP survey of over 1000 working and retired boomers, "working boomers are split between those who can't wait to retire (43%) and those who won't want to stop working (41%); these percentages have been stable for the last 13 years" [since 1998]. (p. 4)
According to a 2011 AARP survey of over 1000 working and retired boomers, "working boomers are split between those who can't wait to retire (43%) and those who won't want to stop working (41%); these percentages have been stable for the last 13 years" [since 1998]. (p. 4)
AARP. (2011). Boomers envision what's next. Washington, DC: AARP. Retrieved from http://assets.aarp.org/rgcenter/general/boomers-envision-retirement-2011.pdf
These results are based on a telephone survey of 1200 boomers (Americans age 46-65), both retired (n=249) and non-retired (n=954) conducted between February 1-March 15, 2011 .
According to a 2011 AARP survey of over 1000 working and retired boomers, "most retired boomers (69%) went directly from full time work to full time retirement. " (p. 7) while 6% worked part-time mainly for the needed income and 11% worked part-time for interest or enjoyment, and 4% started…
According to a 2011 AARP survey of over 1000 working and retired boomers, "most retired boomers (69%) went directly from full time work to full time retirement. " (p. 7) while 6% worked part-time mainly for the needed income and 11% worked part-time for interest or enjoyment, and 4% started their own business. (p. 47)
AARP. (2011). Boomers envision what's next. Washington, DC: AARP. Retrieved from http://assets.aarp.org/rgcenter/general/boomers-envision-retirement-2011.pdf
These results are based on a telephone survey of 1200 boomers (Americans age 46-65), both retired (n=249) and non-retired (n=954) conducted between February 1-March 15, 2011 .
According to a 2011 analysis of national health data, workers and famers, "approximately 47% of blue-collar workers aged 65 years and older had arthritis, 58% of service workers, 67% of farm workers, and 51% of white-collar workers had arthritis... Blue-collar workers appeared to be much more…
According to a 2011 analysis of national health data, workers and famers, "approximately 47% of blue-collar workers aged 65 years and older had arthritis, 58% of service workers, 67% of farm workers, and 51% of white-collar workers had arthritis... Blue-collar workers appeared to be much more likely to retire if they developed arthritis."
Caban-Martinez, A. J., Lee, D. J., Fleming, L. E., Tancredi, D. J., Arheart, K. L., LeBlanc, W. G., . . . Muennig, P. A. (2011). Arthritis, occupational class, and the aging US workforce. American Journal of Public Health, 101(9), 1729-1734. doi:10.2105/AJPH.2011.300173
This report is based on analysis of data from 2 publicly available nationally representative samples of the US adult population: the 1997-2004 National Health Interview Survey (NHIS) and the 2001-2003 MEPS.
According to a 2011 Forbes global survey of executives of 321 large corporations, 16% of companies mentioned redefinement of the retirement age as a priority issue in their diversity/inclusion efforts; 22% foresee this as a concern 3 years from now. (fig. 9, p. 13)
According to a 2011 Forbes global survey of executives of 321 large corporations, 16% of companies mentioned redefinement of the retirement age as a priority issue in their diversity/inclusion efforts; 22% foresee this as a concern 3 years from now. (fig. 9, p. 13)
Forbes. (2011). Fostering innovation through a diverse workforce. New York, NY: Forbes Insight. Retrieved from http://images.forbes.com/forbesinsights/StudyPDFs/Innovation_Through_Diversity.pdf
Forbes Insights surveyed 321 executives with direct responsibility or oversight for their companies’ diversity and inclusion programs. All respondents worked for large global enterprises with annual revenues of more than US$500 million. Geographically, respondents were fairly evenly split between the Americas (35%), Asia-Pacific (34%), and Europe/Middle East/Africa (31%).
According to a 2011 poll of adults aged 55 and older, "30% of respondents say that they would prefer not to work for pay in retirement, while 65% of respondents say they want to work in some manner during retirement, and 4% are not sure. "(p. 6)
According to a 2011 poll of adults aged 55 and older, "30% of respondents say that they would prefer not to work for pay in retirement, while 65% of respondents say they want to work in some manner during retirement, and 4% are not sure. "(p. 6)
Sun-America. (2011). Sun-America retirement re-set study: Redefining retirement post-recession. USA: Sun-Financial Services Group. Retrieved from http://retirementreset.com/wp-content/uploads/2011/07/M5124RPT_07111.pdf
This report is based on a public opinion poll conducted by Harris Interactive with telephone interviews in the second quarter of 2011 with a national sample of 1,001 adults age 55 and older who were representative of the general population by income, ethnicity, geography. and gender. The sampling error is +/-3.1%.
According to a 2011 poll of adults aged 55 and older, "almost two-thirds (65%) say they would ideally like to include some work in retirement. Those age 55-64 are even more likely than those 65+ to say the ideal retirement includes work (77% versus 56%). However, "only 4% say they want full-time…
According to a 2011 poll of adults aged 55 and older, "almost two-thirds (65%) say they would ideally like to include some work in retirement. Those age 55-64 are even more likely than those 65+ to say the ideal retirement includes work (77% versus 56%). However, "only 4% say they want full-time work in retirement. A quarter want part-time work, but the biggest response (36%) came from people who want to go back and forth between periods of work and leisure to suit their new lifestyle needs." (p. 6)
Sun-America. (2011). Sun-America retirement re-set study: Redefining retirement post-recession. USA: Sun-Financial Services Group. Retrieved from http://retirementreset.com/wp-content/uploads/2011/07/M5124RPT_07111.pdf
This report is based on a public opinion poll conducted by Harris Interactive with telephone interviews in the second quarter of 2011 with a national sample of 1,001 adults age 55 and older who were representative of the general population by income, ethnicity, geography. and gender. The sampling error is +/-3.1%.
According to a 2011 poll of adults aged 55 and older, "nearly half of today's retirees retired earlier than planned, and of those who did, 41% did so because of unexpected health problems and 19% due to loss of employment. 37% retired earlier than planned because they had sufficient financianl…
According to a 2011 poll of adults aged 55 and older, "nearly half of today's retirees retired earlier than planned, and of those who did, 41% did so because of unexpected health problems and 19% due to loss of employment. 37% retired earlier than planned because they had sufficient financianl resources to retire. Other reason include wanting to spend more time with family (28%), having tolook after a family member or friend (13%), wnating to have more fun (20%) and wanting to pursue a different type of work (5%). " (p. 14)
Sun-America. (2011). Sun-America retirement re-set study: Redefining retirement post-recession. USA: Sun-Financial Services Group. Retrieved from http://retirementreset.com/wp-content/uploads/2011/07/M5124RPT_07111.pdf
This report is based on a public opinion poll conducted by Harris Interactive with telephone interviews in the second quarter of 2011 with a national sample of 1,001 adults age 55 and older who were representative of the general population by income, ethnicity, geography. and gender. The sampling error is +/-3.1%.
According to a 2011 MetLife survey of adults ages 50-70, "more than one in four (27%) survey respondents report an off-schedule retirement, that is, they find themselves retiring earlier or later than planned, due to unexpected, and often quite costly, circumstances." (p. 16)
According to a 2011 MetLife survey of adults ages 50-70, "more than one in four (27%) survey respondents report an off-schedule retirement, that is, they find themselves retiring earlier or later than planned, due to unexpected, and often quite costly, circumstances." (p. 16)
Metlife. (2011). Best-case strategies for a flexible retirement: TheMetLife study of thinking about retirement in uncertain times. Westport, CT: Metlife Mature Market Institute. Retrieved from http://www.metlife.com/assets/cao/mmi/publications/studies/2011/mmi-best-case-strategies-flexible-retirement.pdf
50 in-depth interviews with individuals and couples (approximately half recently retired and half nearing retirement) and a national survey of 1,007 individuals ages 50 to 70 (both retired and pre-retired).
According to a 2011 MetLife survey of adults ages 50-70, among those who are delaying retirement, the length of time varies, but the average anticipated length is over 3.5 years....The top reasons include making up for financial losses (58%), and riding out the current economic situation (53…
According to a 2011 MetLife survey of adults ages 50-70, among those who are delaying retirement, the length of time varies, but the average anticipated length is over 3.5 years....The top reasons include making up for financial losses (58%), and riding out the current economic situation (53%)." (p. 16)
Metlife. (2011). Best-case strategies for a flexible retirement: TheMetLife study of thinking about retirement in uncertain times. Westport, CT: Metlife Mature Market Institute. Retrieved from http://www.metlife.com/assets/cao/mmi/publications/studies/2011/mmi-best-case-strategies-flexible-retirement.pdf
51 in-depth interviews with individuals and couples (approximately half recently retired and half nearing retirement) and a national survey of 1,007 individuals ages 50 to 70 (both retired and pre-retired).
According to a 2011 MetLife survey of adults ages 50-70, among those who retired earlier than planned, the top reasons were "health reasons (23%) or job stress (19%)...layoffs (22%) or attractive incentive packages (18%). The average number of years-earlier respondents plan to retire is four…
According to a 2011 MetLife survey of adults ages 50-70, among those who retired earlier than planned, the top reasons were "health reasons (23%) or job stress (19%)...layoffs (22%) or attractive incentive packages (18%). The average number of years-earlier respondents plan to retire is four years. (p. 16)
Metlife. (2011). Best-case strategies for a flexible retirement: TheMetLife study of thinking about retirement in uncertain times. Westport, CT: Metlife Mature Market Institute. Retrieved from http://www.metlife.com/assets/cao/mmi/publications/studies/2011/mmi-best-case-strategies-flexible-retirement.pdf
52 in-depth interviews with individuals and couples (approximately half recently retired and half nearing retirement) and a national survey of 1,007 individuals ages 50 to 70 (both retired and pre-retired).
According to a 2011 survey of over 4000 adults aged 18+, "39 percent of workers plan to work past age 70 or do not plan to retire, 54 percent of workers expect to plan to continue working when they retire, and 40 percent now expect to work longer and retire at an older age since the recession…
According to a 2011 survey of over 4000 adults aged 18+, "39 percent of workers plan to work past age 70 or do not plan to retire, 54 percent of workers expect to plan to continue working when they retire, and 40 percent now expect to work longer and retire at an older age since the recession." (p. 9)
Transamerica Center for Retirement Studies. (2011). The new retirement: Working. 12th annual Transamerica retirement survey. USA: Transamerica Center. Retrieved from http://www.transamericacenter.org/resources/TCRS12thAnnual%20WorkerNewRetirementFINAL05162011.pdf
A 25 minute, online survey was conducted between January 31, 2011 -- March 10, 2011 among a nationally representative sample of 4,080 workers using the Harris online panel.
According to a 2011 survey of over 4000 adults aged 18+, "over half of workers (54 percent) expect to retire between age 60 and 69. However, more than one-third plan to work past age 70 or never retire. In the last 12 months, 40 percent of workers said they now expect to retire later." (p. 14)…
According to a 2011 survey of over 4000 adults aged 18+, "over half of workers (54 percent) expect to retire between age 60 and 69. However, more than one-third plan to work past age 70 or never retire. In the last 12 months, 40 percent of workers said they now expect to retire later." (p. 14)
Transamerica Center for Retirement Studies. (2011). The new retirement: Working. 12th annual Transamerica retirement survey. USA: Transamerica Center. Retrieved from http://www.transamericacenter.org/resources/TCRS12thAnnual%20WorkerNewRetirementFINAL05162011.pdf
A 25 minute, online survey was conducted between January 31, 2011 -- March 10, 2011 among a nationally representative sample of 4,080 workers using the Harris online panel.
According to a 2011 survey of over 4000 adults aged 18+, half (54%) of workers plan to work after they retire, with 9% planning to work full-time and 44% planning to work in part-time jobs. More than 4 out of 10 (44%) of those workers report that they will work in retirement out of necessity,…
According to a 2011 survey of over 4000 adults aged 18+, half (54%) of workers plan to work after they retire, with 9% planning to work full-time and 44% planning to work in part-time jobs. More than 4 out of 10 (44%) of those workers report that they will work in retirement out of necessity, either because of not having saved enough or can't afford to (34%) or needing health benefits (9%). (p 15)
Transamerica Center for Retirement Studies. (2011). The new retirement: Working. 12th annual Transamerica retirement survey. USA: Transamerica Center. Retrieved from http://www.transamericacenter.org/resources/TCRS12thAnnual%20WorkerNewRetirementFINAL05162011.pdf
A 25 minute, online survey was conducted between January 31, 2011 -- March 10, 2011 among a nationally representative sample of 4,080 workers using the Harris online panel.
According to a 2011 survey of over 4000 adults aged 18+, 35% of workers report that that they plan to work after retirement age for non-financial reasons, including wanting to stay involved (19%), enjoying their work (16%), and wanting the income (18%). (p. 15)
According to a 2011 survey of over 4000 adults aged 18+, 35% of workers report that that they plan to work after retirement age for non-financial reasons, including wanting to stay involved (19%), enjoying their work (16%), and wanting the income (18%). (p. 15)
Transamerica Center for Retirement Studies. (2011). The new retirement: Working. 12th annual Transamerica retirement survey. USA: Transamerica Center. Retrieved from http://www.transamericacenter.org/resources/TCRS12thAnnual%20WorkerNewRetirementFINAL05162011.pdf
A 25 minute, online survey was conducted between January 31, 2011 -- March 10, 2011 among a nationally representative sample of 4,080 workers aged 18+ using the Harris online panel. Full-time and part-time workers are combined.
According to the 2011 EBRI Retirement Confidence Survey, "the percentage of workers who expect to retire after age 65 has increased over time, from 11 percent in 1991 and 1996 to 20 percent in 2001, 25 percent in 2006, and 36 percent in 2011." (p. 1)
According to the 2011 EBRI Retirement Confidence Survey, "the percentage of workers who expect to retire after age 65 has increased over time, from 11 percent in 1991 and 1996 to 20 percent in 2001, 25 percent in 2006, and 36 percent in 2011." (p. 1)
Helman, R., Copeland, C., & VanDerhei, J. (2011). The 2011 retirement confidence survey: Confidence drops to record lows, reflecting "the new normal". (Issue Brief No. 355). Washington, DC: Employee Benefit Research Institute. Retrieved from http://www.ebri.org/pdf/briefspdf/EBRI_03-2011_No355_RCS-2011.pdf
These findings are part of the 21st annual Retirement Confidence Survey (RCS), which was conducted in January 2011 through 20-minute telephone interviews with 1,258 individuals (1,004 workers and 254 retirees) age 25 and older in the United States.
According to the 2011 EBRI Retirement Confidence Survey, twenty-three percent of workers ...say the age at which they expect to retire has changed in the past year. Of those, the vast majority (89 percent) report that their expected retirement age has increased. This means that 20 percent of all…
According to the 2011 EBRI Retirement Confidence Survey, twenty-three percent of workers ...say the age at which they expect to retire has changed in the past year. Of those, the vast majority (89 percent) report that their expected retirement age has increased. This means that 20 percent of all workers planned to postpone their retirement in 2011 (down from 25 percent in 2009 and 24 percent in 2010)." (p. 28)
Helman, R., Copeland, C., & VanDerhei, J. (2011). The 2011 retirement confidence survey: Confidence drops to record lows, reflecting "the new normal". (Issue Brief No. 355). Washington, DC: Employee Benefit Research Institute. Retrieved from http://www.ebri.org/pdf/briefspdf/EBRI_03-2011_No355_RCS-2011.pdf
These findings are part of the 21st annual Retirement Confidence Survey (RCS), which was conducted in January 2011 through 20-minute telephone interviews with 1,258 individuals (1,004 workers and 254 retirees) age 25 and older in the United States.
According to the 2011 EBRI Retirement Confidence Survey, "10 percent of workers changing their retirement age in the past year (2 percent of all workers) report they will retire sooner than they had planned, primarily due to poor health or disability." (p. 29)
According to the 2011 EBRI Retirement Confidence Survey, "10 percent of workers changing their retirement age in the past year (2 percent of all workers) report they will retire sooner than they had planned, primarily due to poor health or disability." (p. 29)
Helman, R., Copeland, C., & VanDerhei, J. (2011). The 2011 retirement confidence survey: Confidence drops to record lows, reflecting "the new normal". (Issue Brief No. 355). Washington, DC: Employee Benefit Research Institute. Retrieved from http://www.ebri.org/pdf/briefspdf/EBRI_03-2011_No355_RCS-2011.pdf
These findings are part of the 21st annual Retirement Confidence Survey (RCS), which was conducted in January 2011 through 20-minute telephone interviews with 1,258 individuals (1,004 workers and 254 retirees) age 25 and older in the United States.
According to the 2011 EBRI Retirement Confidence Survey, "a large percentage of retirees leave the work force earlier than planned (45 percent in 2011). Many retirees who retired earlier than planned cite negative reasons for leaving the work force before they expected, including health problems…
According to the 2011 EBRI Retirement Confidence Survey, "a large percentage of retirees leave the work force earlier than planned (45 percent in 2011). Many retirees who retired earlier than planned cite negative reasons for leaving the work force before they expected, including health problems or disability (63 percent), changes at their company, such as downsizing or closure (23 percent), and having to care for a spouse or another family member (18 percent). Others say changes in the skills required for their job (8 percent) or other work-related reasons (20 percent) played a role. Some retirees mention positive reasons for retiring early, such as wanting to do something else (25 percent) or being able to afford an early retirement (22 percent), but just 6 percent of the total offer only positive reasons." (p. 29-30)
Helman, R., Copeland, C., & VanDerhei, J. (2011). The 2011 retirement confidence survey: Confidence drops to record lows, reflecting "the new normal". (Issue Brief No. 355). Washington, DC: Employee Benefit Research Institute. Retrieved from http://www.ebri.org/pdf/briefspdf/EBRI_03-2011_No355_RCS-2011.pdf
These findings are part of the 21st annual Retirement Confidence Survey (RCS), which was conducted in January 2011 through 20-minute telephone interviews with 1,258 individuals (1,004 workers and 254 retirees) age 25 and older in the United States.
According to the 2011 EBRI Retirement Confidence Survey, among retirees who have not already worked for pay in retirement ..."just 2 percent say it is very likely they will work for pay some time in the future, and only 8 percent say it is somewhat likely. Instead, virtually all say a return to…
According to the 2011 EBRI Retirement Confidence Survey, among retirees who have not already worked for pay in retirement ..."just 2 percent say it is very likely they will work for pay some time in the future, and only 8 percent say it is somewhat likely. Instead, virtually all say a return to paid employment is not too (19 percent) or not at all (68 percent) likely. " (p. 31)
Helman, R., Copeland, C., & VanDerhei, J. (2011). The 2011 retirement confidence survey: Confidence drops to record lows, reflecting "the new normal". (Issue Brief No. 355). Washington, DC: Employee Benefit Research Institute. Retrieved from http://www.ebri.org/pdf/briefspdf/EBRI_03-2011_No355_RCS-2011.pdf
These findings are part of the 21st annual Retirement Confidence Survey (RCS), which was conducted in January 2011 through 20-minute telephone interviews with 1,258 individuals (1,004 workers and 254 retirees) age 25 and older in the United States.
According to a 2011 survey of business executives and benefit administrators, 84% of employers surveyed anticipate that their older employees will work longer to extend the benefits of their 401(k) plan. (p. 9)
According to a 2011 survey of business executives and benefit administrators, 84% of employers surveyed anticipate that their older employees will work longer to extend the benefits of their 401(k) plan. (p. 9)
Bank of America Merrill Lynch workplace benefits report. (2011). USA: Bank of America. Retrieved from http://www.benefitplans.baml.com/Publish/Content/application/pdf/GWMOL/Executive-Summary-BofAML-Workplace-Benefits-Report.pdf
A national sample of 650 CEOs, CFOs, HR Executives/Managers and Benefit Administrators were interviewed by Market Strategies International between April 19 –23, 2011 on behalf Bank of America Merrill Lynch Retirement Services
According to a 2011 global survey of business executives, "executives are overwhelmingly interested in working as long as they can, provided their work is flexible. Around eight out of ten (79%) of executives polled are willing to do so, suggesting a striking appetite for appropriate policies...…
According to a 2011 global survey of business executives, "executives are overwhelmingly interested in working as long as they can, provided their work is flexible. Around eight out of ten (79%) of executives polled are willing to do so, suggesting a striking appetite for appropriate policies...Just 19% of respondents have no desire to work past their official retirement age." (p. 4)
Economist Intelligence Unit. (2011). A silver opportunity? rising longevity and its implications for business. Geneva: Economist Intelligence Unit Limited. Retrieved from http://viewswire.eiu.com/report_dl.asp?mode=fi&fi=1877919572.PDF
The Economist Intelligence Unit conducted a global survey of 583 executives during January and February 2011. Of the respondents, 36% were based in Europe, 33% in the Asia- Pacific region and 18% in North America, with 13% from the rest of the world. It covers a wide range of sectors, including financial services, telecommunications and technology, healthcare, pharmaceuticals and biotechnology and professional services. All company sizes were represented.
According to a 2010 analysis of retirement survey data, when workers were asked how they might respond to the economic downturn, about 32 percent of respondents reported that they plan to work longer, while 10 percent reported that they have increased or intend to increase their savings […
According to a 2010 analysis of retirement survey data, when workers were asked how they might respond to the economic downturn, about 32 percent of respondents reported that they plan to work longer, while 10 percent reported that they have increased or intend to increase their savings [contributions to retirement plans]; 8 percent reported that they will take both actions, and 50% plan to do neither of those actions. (fig. 1, p. 1)
Coe, N. B., & Haverstick, K. (2010). How do responses to the downturn vary by household characteristics? (Issue Brief No. 10-17). Chestnut Hill, MA: Center for Retirement Research at Boston College. Retrieved from http://crr.bc.edu/images/stories/Briefs/IB_10-17.pdf
The CRR surveyed 1,317 workers age 45 to 59 between July and August 2009; the group was drawn from a nationally representative panel maintained by Knowledge Networks.
According to the 2010 Towers Watson retirement attitudes survey,health care coverage and costs are the most-cited reasons for delayed retirement, expecially among older workers. Over two-thirds (68%) of older workers cite keeping their health care coverage as a reason to delay retirement, while…
According to the 2010 Towers Watson retirement attitudes survey,health care coverage and costs are the most-cited reasons for delayed retirement, expecially among older workers. Over two-thirds (68%) of older workers cite keeping their health care coverage as a reason to delay retirement, while 62% cite the higher cost of health care. (fig. 11, p. 6)
Towers Watson. (2010). Retirement attitudes part II: Employee attitudes towards risk. Retrieved from http://www.towerswatson.com/assets/pdf/2717/TowersWatson_Retirement-Pt2-Attitudes_NA-2010-17683.pdf
The Towers Watson Retirement Attitudes survey was conducted in May and June of 2010 and includes responses from 9,080 full-time U.S. employees at nongovernment organizations.
According to the 2010 Towers Watson retirement attitudes survey, comparing the findings from 2009 to 2010, "the number of employees who are planning to retire later has grown by six percentage points. This change is consistent acress all age groups." (fig. 8, p. 5)
According to the 2010 Towers Watson retirement attitudes survey, comparing the findings from 2009 to 2010, "the number of employees who are planning to retire later has grown by six percentage points. This change is consistent acress all age groups." (fig. 8, p. 5)
Towers Watson. (2010). Retirement attitudes part II: Employee attitudes towards risk. Retrieved from http://www.towerswatson.com/assets/pdf/2717/TowersWatson_Retirement-Pt2-Attitudes_NA-2010-17683.pdf
The Towers Watson Retirement Attitudes survey was conducted in May and June of 2010 and includes responses from 9,080 full-time U.S. employees at nongovernment organizations.
According to a 2010 Careerbuilder survey of 500 workers aged 60+ , 65 percent said they are "putting off retirement because they can't afford to retire financially; down from 72 percent who said the same last year."
According to a 2010 Careerbuilder survey of 500 workers aged 60+ , 65 percent said they are "putting off retirement because they can't afford to retire financially; down from 72 percent who said the same last year."
Careerbuilder. (2011). Fewer workers age 60 and up postponing retirement, finds new CareerBuilder survey. Retrieved January 29, 2011, from http://www.careerbuilder.com/share/aboutus/pressreleasesdetail.aspx?id=pr617&sd=1%2f26%2f2011&ed=1%2f26%2f2011&siteid=cbpr&sc_cmp1=cb_pr617_
The nationwide survey was conducted among more than 500 U.S. workers age 60 and up between November 15 and December 2, 2010.
According to a 2010 Careerbuilder survey of 500 workers aged 60+, "More than one-in-four (28 percent) mature workers age 60 plus plan to retire within the next two years, while 27 percent are planning to retire in three to four years, and 18 percent in the next five to six years. Sixteen…
According to a 2010 Careerbuilder survey of 500 workers aged 60+, "More than one-in-four (28 percent) mature workers age 60 plus plan to retire within the next two years, while 27 percent are planning to retire in three to four years, and 18 percent in the next five to six years. Sixteen percent estimate it will be seven years or more before they can stop working, while one-in-ten workers (10 percent) don't think they'll ever be able to retire."
Careerbuilder. (2011). Fewer workers age 60 and up postponing retirement, finds new CareerBuilder survey. Retrieved January 29, 2011, from http://www.careerbuilder.com/share/aboutus/pressreleasesdetail.aspx?id=pr617&sd=1%2f26%2f2011&ed=1%2f26%2f2011&siteid=cbpr&sc_cmp1=cb_pr617_
The nationwide survey was conducted among more than 500 U.S. workers age 60 and up between November 15 and December 2, 2010.
According to a 2010 Careerbuilder survey of 500 workers aged 60+, "the primary drivers for postponing retirement are financial restraints, as indicated by 65 percent of respondents, and the need for health insurance and other benefits, as indicated by 58 percent of respondents. However, mature…
According to a 2010 Careerbuilder survey of 500 workers aged 60+, "the primary drivers for postponing retirement are financial restraints, as indicated by 65 percent of respondents, and the need for health insurance and other benefits, as indicated by 58 percent of respondents. However, mature workers are staying on board at their companies for a variety of other reasons, including: enjoy their job (39 percent); enjoy where they work (36 percent); fear retirement may just be boring (26 percent); enjoy feeling needed (14 percent)."
Careerbuilder. (2011). Fewer workers age 60 and up postponing retirement, finds new CareerBuilder survey. Retrieved January 29, 2011, from http://www.careerbuilder.com/share/aboutus/pressreleasesdetail.aspx?id=pr617&sd=1%2f26%2f2011&ed=1%2f26%2f2011&siteid=cbpr&sc_cmp1=cb_pr617_
The nationwide survey was conducted among more than 500 U.S. workers age 60 and up between November 15 and December 2, 2010.
According to a 2010 study of unemployed adults who were looking for work, "older workers (73%) say they have changed how they envision their near future as a result of the recession. More than one-quarter (27%) will retire early because of their unemployment experience, thus showing who will be…
According to a 2010 study of unemployed adults who were looking for work, "older workers (73%) say they have changed how they envision their near future as a result of the recession. More than one-quarter (27%) will retire early because of their unemployment experience, thus showing who will be involuntarily unemployed because of the economic situation. Forty-six percent of panelists age 50 and above say that their unemployment experience during the Great Recession has caused them to think about retiring later than they had originally planned. About the same number (41%) intend to take their Social Security benefits as soon as they are eligible." (p. 14)
Godofsky, J., Van Horn, C., & Zukin, C. (2010). The shattered American dream: Unemployed workers lose ground, hope, and faith in their futures. (Work Trends Report No. 23). New Brunswick, NJ: John J. Heldrich Center for Workforce Development, Rutgers University. Retrieved from http://www.heldrich.rutgers.edu/sites/default/files/content/Work_Trends_23_December_2010.pdf
A Heldrich Center survey of the unemployed, conducted in August 2009, interviewed 1,202 respondents. We successfully re-interviewed 908 respondents in March 2010. We again followed up in November 2010, turning back to our original sample, those who had been unemployed at some point in the prior 12 months.
According to a 2010 analysis of data from the Health and Retirement Study, "at age 50 men can expect to spend half of their remaining lives working for pay, while women can expect to spend just one-third. Half of all men and women have left the labor force by ages 63 and 61, respectively.…
According to a 2010 analysis of data from the Health and Retirement Study, "at age 50 men can expect to spend half of their remaining lives working for pay, while women can expect to spend just one-third. Half of all men and women have left the labor force by ages 63 and 61, respectively. Although the majority of retirement exits are final,... about a third of men's and women's exits are reversed." (p. 893)
Warner, D. F., Hayward, M. D., & Hardy, M. A. (2010). The retirement life course in america at the dawn of the twenty-first century. Population Research and Policy Review, 29(6), 893-919. doi:10.1007/s11113-009-9173-2
THis study is based on analysis of data from the Health and Retirement Study, a nationally representative panel of noninstitutionalized persons over 50 years of age Cleaned RAND (2006) HRS data was used in combination with the public-use files, from the 1992–2004 waves to construct a person-interval file containing labor force histories and mortality events for persons born 1947 or earlier.
According to a 2010 AARP survey of adults who will turn 65 in 2011, "over half (54%) are already retired. Among the 31% who are employed full or part time, over one-third (35%) say thay have retired from a previous career. Almost half of those still remployed say they intend to quite work as…
According to a 2010 AARP survey of adults who will turn 65 in 2011, "over half (54%) are already retired. Among the 31% who are employed full or part time, over one-third (35%) say thay have retired from a previous career. Almost half of those still remployed say they intend to quite work as soon as they can, while 40% to not plan to stop working....29% of respondants who were currently working at age 65 say that they expect to retire at age 70."(p. 12)
Love, J. (2010). Approaching 65: A survey of baby boomers turning 65 years old. Washington, DC: AARP. Retrieved from http://assets.aarp.org/rgcenter/general/approaching-65.pdf
The AARP Turning 65 survey obtained telephone interviews with a sample of 801 respondents who will be turning 65 in 2011 drawn at random from the United States. The interviews were conducted from November 11-November 15, 2010.
According to the 2010 MetLife report on emplyee benefit trends, "59% of employees surveyed now say they plan to work past age 65, up from 53% a year ago.Younger Boomers have made the biggest change to their plans with 60% saying that they now expect to work past age 65, compared with 49% who…
According to the 2010 MetLife report on emplyee benefit trends, "59% of employees surveyed now say they plan to work past age 65, up from 53% a year ago.Younger Boomers have made the biggest change to their plans with 60% saying that they now expect to work past age 65, compared with 49% who thought this a year ago." (p. 55-56)
MetLife. (2010). Study of employee benefits trends: Findings from the 8th annual national survey of employers and employees. New York: Metropolitan Life Insurance Company. Retrieved from http://www.metlife.com/assets/institutional/services/insights-and-tools/ebts/Employee-Benefits-Trends-Study.pdf
The 8th annual MetLife Study of Employee Benefits Trends was conducted during the fourth quarter of 2009 and consisted of two distinct studies fielded by GfK Custom Research North America. The employer survey comprised 1,503 interviews with benefits decision-makers at companies with staff sizes of at least two employees. The employee sample comprised 1,305 interviews with full-time employees age 21 and over, at companies with a minimum of two employees.
According to a 2010 analysis of data from the National Study of the Changing Workforce, "fully three quarters (75%) of respondents who are 50 or older and who have never retired indicate that they expect to work during retirement, i.e., after they retire from their main job, career or line of…
According to a 2010 analysis of data from the National Study of the Changing Workforce, "fully three quarters (75%) of respondents who are 50 or older and who have never retired indicate that they expect to work during retirement, i.e., after they retire from their main job, career or line of work."
Brown, M., Aumann, K., Pitt-Catsouphes, M., Galinsky, E., & Bond, J. T. (2010). Working in retirement: A 21st century phenomenon. New York: Families and Work Institute. Retrieved from http://familiesandwork.org/site/research/reports/workinginretirement.pdf
This study is based on analysis of data from Families and Work Institute's 2008 nationally representative study of the U.S. workforce, the National Study of the Changing Workforce (NSCW). Of the participants in that study, 1,382 participants were aged 50 and older.
According to a 2010 Gallup poll, "more than a third [34%]of nonretirees today say... they will retire after age 65, compared with 12% in 1995." The percentage saying they will retire before age 65 is now 29%, while 27% say they will retire at 65.
According to a 2010 Gallup poll, "more than a third [34%]of nonretirees today say... they will retire after age 65, compared with 12% in 1995." The percentage saying they will retire before age 65 is now 29%, while 27% say they will retire at 65.
Gallup Inc. (2010). Americans' projected retirement age continues to creep up. Retrieved August 31, 2010, from http://www.gallup.com/poll/127514/Americans-Projected-Retirement-Age-Continues-Creep-Up.aspx
Results are based on telephone interviews with 1,020 national adults, aged 18 and older, conducted April 8-11, 2010.
According to the 2010 MetLife Retirement Readiness Index, "there is a fairly even split between those who plan to retire at the same time as planned/expected (47%) and those who plan to retire later than planned/expected (46%). As expected, the older the respondent the fewer years there are…
According to the 2010 MetLife Retirement Readiness Index, "there is a fairly even split between those who plan to retire at the same time as planned/expected (47%) and those who plan to retire later than planned/expected (46%). As expected, the older the respondent the fewer years there are before anticipated retirement. However, this trend slightly increases for the 65- to 70-year-olds who are still employed, indicating that those continuing to work past traditional retirement age plan to continue to do so for some time. Of those who already retired, 64% reported they retired earlier than expected, while 33% retired at the same time as expected. Three percent reported they retired later than expected." (p. 4)
MetLife. (2010). The MetLife Retirement Readiness Index: Are Americans prepared for the transition? Westport, CT: MetLife Mature Market Institute. Retrieved from http://www.metlife.com/assets/cao/mmi/publications/studies/2010/mmi-retirement-readiness-index-.pdf
A total of 1,048 respondents age 45-70 completed the online questionnaire using Harris Interactive's QuickScreenerSM service from December 14-18, 2009. Responses were weighted to be representative of the population.
According to the 2010 MetLife Retirement Readiness Index, "over half (54%) of the respondents formulated ideas about how much they would like to work in retirement, and decided whether to fully retire, or to work part-time in retirement (53%). Three in 10 (31%) of respondents have explored what…
According to the 2010 MetLife Retirement Readiness Index, "over half (54%) of the respondents formulated ideas about how much they would like to work in retirement, and decided whether to fully retire, or to work part-time in retirement (53%). Three in 10 (31%) of respondents have explored what employment possibilities are available if they want to keep working full- or part-time in retirement. Similarly, one-third (34%) have looked into alternate career or part-time work opportunities for themselves in retirement." (p. 10)
MetLife. (2010). The MetLife retirement readiness index: Are Americans prepared for the transition?. Westport, CT: MetLife Mature Market Institute. Retrieved from http://www.metlife.com/assets/cao/mmi/publications/studies/2010/mmi-retirement-readiness-index-.pdf
A total of 1,048 respondents age 45-70 completed the online questionnaire using Harris Interactive's QuickScreenerSM service from December 14-18, 2009. Responses were weighted to be representative of the population.
According to the 2010 MetLife Retirement Readiness Index, "over half (54%) of the respondents have determined the proper balance between work and leisure time if forced to choose between the two. Similarly, the majority (51%) also say that they have identified their personal goals in retirement…
According to the 2010 MetLife Retirement Readiness Index, "over half (54%) of the respondents have determined the proper balance between work and leisure time if forced to choose between the two. Similarly, the majority (51%) also say that they have identified their personal goals in retirement." (p. 13)
MetLife. (2010). The MetLife retirement readiness index: Are americans prepared for the transition? Westport, CT: MetLife Mature Market Institute. Retrieved from http://www.metlife.com/assets/cao/mmi/publications/studies/2010/mmi-retirement-readiness-index-.pdf
A total of 1,048 respondents age 45-70 completed the online questionnaire using Harris Interactive's QuickScreenerSM service from December 14-18, 2009. Responses were weighted to be representative of the population.
According to the 2010 MetLife Retirement Readiness Index, "forty-six percent have considered the importance of relationships with co-workers in making the decision to retire, and 45% have considered how various aspects of their retirement might positively or negatively affect the relationships…
According to the 2010 MetLife Retirement Readiness Index, "forty-six percent have considered the importance of relationships with co-workers in making the decision to retire, and 45% have considered how various aspects of their retirement might positively or negatively affect the relationships with family and friends." (p. 15)
MetLife. (2010). The MetLife retirement readiness index: Are Americans prepared for the transition? Westport, CT: MetLife Mature Market Institute. Retrieved from http://www.metlife.com/assets/cao/mmi/publications/studies/2010/mmi-retirement-readiness-index-.pdf
A total of 1,048 respondents age 45-70 completed the online questionnaire using Harris Interactive's QuickScreenerSM service from December 14-18, 2009. Responses were weighted to be representative of the population.
According to a 2008 survey of recent retirees, "retirees are most likely to say that being able to work seasonally or on a contract basis (38 percent) or to work part time instead of full time (36 percent) would have been extremely or very effective in encouraging them to delay their retirement…
According to a 2008 survey of recent retirees, "retirees are most likely to say that being able to work seasonally or on a contract basis (38 percent) or to work part time instead of full time (36 percent) would have been extremely or very effective in encouraging them to delay their retirement. Thirty percent each feel that being able to take time off for extended periods and being able to work a compressed work week would have been effective, and almost as many believe a telecommuting option (28 percent) and receiving additional paid time off (27 percent) would have been successful. Fewer think that being able to shift their work hours from week to week (20 percent) or being able to take a paid sabbatical (19 percent) would have encouraged them to delay their retirement." (fig. 10, p. 13)
Helman, R., Copeland, C., VanDerhei, J., & Salisbury, D. (2008). EBRI 2008 recent retirees survey: Report of findings (Issue Brief No. 319). Washington, DC: Employee Benefit Research Institute. Retrieved from http://www.ebri.org/pdf/briefspdf/EBRI_IB_07-2008.pdf
This report presents the results of a survey conducted by Mathew Greenwald & Associates, Inc., on behalf of the Employee Benefit Research Institute (EBRI) to examine the factors that cause aerospace and defense industry workers to retire when they do and what might prompt them to delay their retirement. Online interviewing for the survey was conducted by Greenwald & Associates between March 24 and April 7, 2008. Completed responses from 5,722 retirees were received to the survey, for an overall response rate of 30 percent. Individual company response rates ranged between 22 and 41 percent.
According to a 2010 survey by The Hartford and ComPsych, "more than 80 percent of Baby Boomers said they feel moderate to high levels of stress related to the care or support they are giving to children, spouses and/or parents...In addition, nearly half of young Baby Boomers surveyed (46.6…
According to a 2010 survey by The Hartford and ComPsych, "more than 80 percent of Baby Boomers said they feel moderate to high levels of stress related to the care or support they are giving to children, spouses and/or parents...In addition, nearly half of young Baby Boomers surveyed (46.6 percent) reported feeling worried about how caregiving is impacting their job. It was their No. 1 concern, while older Baby Boomers, who are 55 and older, were most concerned about postponing retirement as a result of their role as caregiver."
The Hartford. (2010). Insights & expertise: Research by the Hartford and ComPsych finds baby boomers' caregiving duties impact jobs and health. Retrieved May 18, 2010, from http://www.thehartford.com/servlet/Satellite?pagename=GBD_Internet/HLI03Article/NewsArticle&cid=1150853632671&c=HLI03Article&p=1248974913168
This report is based on The Hartford's analysis of leave data for 91,080 individual employees at 171 employer clients.
According to a 2010 report from the Economic Policy Institute, "the official U.S. retirement age, which was 65.8 years [in 2007], was significantly higher than the OECD averages of 63.5 years for men and 62.3 years for women. ... Twenty-six of the 30 OECD countries have official retirement ages…
According to a 2010 report from the Economic Policy Institute, "the official U.S. retirement age, which was 65.8 years [in 2007], was significantly higher than the OECD averages of 63.5 years for men and 62.3 years for women. ... Twenty-six of the 30 OECD countries have official retirement ages of 65 or younger. Only Ireland, with an official retirement age of 66, and Iceland and Norway, at 67, ranked slightly above the U.S. at the time these data were collected."
Orr, A. (2010). Americans work longer (Economic Snapshot No. 04-27). Washington, DC: Economic Policy Institute. Retrieved from http://www.epi.org/economic_snapshots/entry/americans_work_longer/
This analysis is based on data on avaerage effectige age of retirement collected by the OECD from European and national Labor Force Surveys as of 2007.
According to a 2010 report from MetLife and the American Society on Aging, although "more than half (51%) of the comparison group and 45% of the LGBT respondents saying they would like to retire before age 65....only 23% of the general population and 22% of the LGBT population expect to retire…
According to a 2010 report from MetLife and the American Society on Aging, although "more than half (51%) of the comparison group and 45% of the LGBT respondents saying they would like to retire before age 65....only 23% of the general population and 22% of the LGBT population expect to retire before age 65, and 40% (general population) to 48% (LGBT sample) think they would be at least 70 before they can retire." (p. 6)
MetLife Mature Market Institute and The American Society on Aging. (2010). Still out, still aging: The MetLife study of lesbian, gay, bisexual and transgender baby boomers. Westport, CT: The MetLife Mature Market Institute and The American Society on Aging. Retrieved from http://www.metlife.com/assets/cao/mmi/publications/studies/2010/mmi-still-out-still-aging.pdf
Harris Interactive collected survey responses from 1,201 individuals aged 45-64 who self-identified as lesbian, gay, bisexual, and/or transgender (LGBT) from Harris Interactive's GLBT Panel. The general population sample included responses from 1,206 individuals of the same age from the Harris Poll Online Panel. Surveys were conducted online between December 10-21, 2009.
According to a 2010 report from the Center for Retirement Research, "about 40 percent [of over 1300 survey respondents] expect to retire later than they had before the downturn, with most of those who intend to work longer delaying retirement by four or more years." (p. 3)
According to a 2010 report from the Center for Retirement Research, "about 40 percent [of over 1300 survey respondents] expect to retire later than they had before the downturn, with most of those who intend to work longer delaying retirement by four or more years." (p. 3)
Sass, S., Monk, C., & Haverstick, K. (2010). Workers' response to the market crash: Save more, work more? (Issue Brief No. 10-3). Chestnut Hill, MA: Center for Retirement Research at Boston College. Retrieved from http://crr.bc.edu/images/stories/Briefs/ib_10-3.pdf
The Center for Retirement Research surveyed 1,317 workers age 45 to 59 between July and August 2009; the group was drawn from a nationally representative panel maintained by Knowledge Networks.
According to the 2010 Retirement Confidence Survey, "the percentage of workers who expect to retire after age 65 has increased over time, from 11 percent in 1991 to 14 percent in 1995, 19 percent in 2000, 24 percent in 2005, and 33 percent in 2010." (p. 1)
According to the 2010 Retirement Confidence Survey, "the percentage of workers who expect to retire after age 65 has increased over time, from 11 percent in 1991 to 14 percent in 1995, 19 percent in 2000, 24 percent in 2005, and 33 percent in 2010." (p. 1)
Helman, R., Greenwald, M., Copeland, C., & VanDerhei, J. (2010). The 2010 retirement confidence survey: Confidence stabilizing, but preparations continue to erode (Issue Brief No. 340). Washington, D.C.: Employee Benefit Research Institute. Retrieved from http://www.ebri.org/pdf/briefspdf/EBRI_IB_03-2010_No340_RCS.pdf
These findings are part of the 20th annual Retirement Confidence Survey (RCS). The survey was conducted in January 2010 through 20-minute telephone interviews with 1,153 individuals (902 workers and 251 retirees) age 25 and older in the United States.
According to a 2010 CareerBuilder survey of over 2700 human resource professionals, "30 percent of employers report they have received requests from workers approaching retirement age to stay on with their company, up from 22 percent last year."
According to a 2010 CareerBuilder survey of over 2700 human resource professionals, "30 percent of employers report they have received requests from workers approaching retirement age to stay on with their company, up from 22 percent last year."
CareerBuilder. (2010). Employers expect uptick in hiring in the new year, CareerBuilder's 2010 job forecast finds. Retrieved January 7, 2010, from http://www.careerbuilder.com/share/aboutus/pressreleasesdetail.aspx?id=pr542&sd=12/29/2009&ed=12/31/2012
This survey was conducted online within the U.S. by Harris Interactive� on behalf of CareerBuilder.com among 2,720 hiring managers and human resource professionals (employed full-time; not self-employed; non-government; with at least significant involvement in hiring decisions) ages 18 and over between November 5 and November 23, 2009
According to a 2009 MetLife survey of 240 large employers, "nearly four in ten (38%) companies offer post-retirement benefits... Among those companies that offer post-retirement benefits, more than one-third (38%) say they have no impact on employees' retirement decisions, 30% believe they…
According to a 2009 MetLife survey of 240 large employers, "nearly four in ten (38%) companies offer post-retirement benefits... Among those companies that offer post-retirement benefits, more than one-third (38%) say they have no impact on employees' retirement decisions, 30% believe they encourage older employees to delay retirement, and 32% believe they encourage older employees to retire. At the same time, four in ten (42%) employers concerned about the knowledge drain -- and 38% of all employers who offer post-retirement benefits -- see no connection between post-retirement benefits and an older employee's decision when to retire." (p. 22)
Metlife. (2009). MetLife emerging retirement model study: A survey of plan sponsors. New York: Metlife. Retrieved from http://www.metlife.com/assets/institutional/services/cbf/retirement/EmergRetireModel-Study.pdf
MetLife commissioned Asset International to conduct online surveys with 240 employers from companies with at least 1,000 employees. Each respondent is from an organization that offers either a DB or DC plan or both, as well as other employer supported benefits. respondents came from companies that offer at least two of the following employee benefits where the organization pays some or the entire premium: medical insurance, dental insurance, disability insurance or life insurance.
According to a 2009 MetLife survey of 240 large employers, "one-third of employers (35%) have considered, but rejected, offering financial incentives for employees to encourage them to delay retirement. One-third (35%) have also considered, but rejected, providing financial incentives to help…
According to a 2009 MetLife survey of 240 large employers, "one-third of employers (35%) have considered, but rejected, offering financial incentives for employees to encourage them to delay retirement. One-third (35%) have also considered, but rejected, providing financial incentives to help employees retire at a younger age than the traditional retirement age." (p. 18)
Metlife. (2009). MetLife emerging retirement model study: A survey of plan sponsors. New York: Metlife. Retrieved from http://www.metlife.com/assets/institutional/services/cbf/retirement/EmergRetireModel-Study.pdf
MetLife commissioned Asset International (which owns PlanSponsor magazine) to conduct online surveys with 240 employers from companies with at least 1,000 employees. Each respondent is from an organization that offers either a DB or DC plan or both, as well as other employer supported benefits. respondents came from companies that offer at least two of the following employee benefits where the organization pays some or the entire premium: medical insurance, dental insurance, disability insurance or life insurance.
According to a 2009 MetLife survey of 240 large employers, "63% of employers say workers have retired at the age anticipated over the past year -- and 69% believe that workers will retire at older ages going forward. In fact, by 2014, most employers believe that their older workers will, on…
According to a 2009 MetLife survey of 240 large employers, "63% of employers say workers have retired at the age anticipated over the past year -- and 69% believe that workers will retire at older ages going forward. In fact, by 2014, most employers believe that their older workers will, on average, retire four years later -- at 67 years old, versus the average of 63 years old today." (p. 8)
Metlife. (2009). MetLife emerging retirement model study: A survey of plan sponsors. New York: Metlife. Retrieved from http://www.metlife.com/assets/institutional/services/cbf/retirement/EmergRetireModel-Study.pdf
MetLife commissioned Asset International (which owns PlanSponsor magazine) to conduct online surveys with 240 employers from companies with at least 1,000 employees. Each respondent is from an organization that offers either a DB or DC plan or both, as well as other employer supported benefits. respondents came from companies that offer at least two of the following employee benefits where the organization pays some or the entire premium: medical insurance, dental insurance, disability insurance or life insurance.
According to a 2009 MetLife survey of 240 large employers, "seven in ten employers (71%) concerned primarily with employees remaining in the workforce -- whether today or in three-to-five years -- say that delayed retirement has a moderate or major negative impact on the bottom line. Employers…
According to a 2009 MetLife survey of 240 large employers, "seven in ten employers (71%) concerned primarily with employees remaining in the workforce -- whether today or in three-to-five years -- say that delayed retirement has a moderate or major negative impact on the bottom line. Employers concerned primarily about the knowledge drain -- whether today or in the next three-to-five years -- agree (71%). (p. 11)
Metlife. (2009). MetLife emerging retirement model study: A survey of plan sponsors. New York: Metlife. Retrieved from http://www.metlife.com/assets/institutional/services/cbf/retirement/EmergRetireModel-Study.pdf
MetLife commissioned Asset International to conduct online surveys with 240 employers from companies with at least 1,000 employees. Each respondent is from an organization that offers either a DB or DC plan or both, as well as other employer supported benefits. respondents came from companies that offer at least two of the following employee benefits where the organization pays some or the entire premium: medical insurance, dental insurance, disability insurance or life insurance.
According to a 2009 MetLife survey of 240 large employers, "87% of employers who are concerned about the impact of delayed retirement say employees are primarily working longer to rebuild their retirement nest eggs in light of the recent economic downturn. Other reasons employers cited for why…
According to a 2009 MetLife survey of 240 large employers, "87% of employers who are concerned about the impact of delayed retirement say employees are primarily working longer to rebuild their retirement nest eggs in light of the recent economic downturn. Other reasons employers cited for why their workers are working beyond traditional retirement include: wanting to work long enough to qualify for Social Security benefits (67%), needing income to meet their day-to-day expenses/pay their bills (63%) and wanting to maintain medical coverage until they qualify for Medicare (41%). Only 41% of employers believe their employees stay in the workforce for social reasons -- i.e., 24% of employers believe their employees enjoy the mental stimulation of work, 12% believe they want to maintain social contact and only 5% say their workers appreciate feeling needed for an assignment." (p. 22)
Metlife. (2009). MetLife emerging retirement model study: A survey of plan sponsors. New York: Metlife. Retrieved from http://www.metlife.com/assets/institutional/services/cbf/retirement/EmergRetireModel-Study.pdf
MetLife commissioned Asset International to conduct online surveys with 240 employers from companies with at least 1,000 employees. Each respondent is from an organization that offers either a DB or DC plan or both, as well as other employer supported benefits. respondents came from companies that offer at least two of the following employee benefits where the organization pays some or the entire premium: medical insurance, dental insurance, disability insurance or life insurance.
According to a 2009 MetLife survey of 240 large employers, "of employers who offer post-retiree benefits, almost four in ten (38%) believe that employee benefits have no role in older employees' decisions as to when to retire, 30% believe they encourage older employees to delay retirement, and…
According to a 2009 MetLife survey of 240 large employers, "of employers who offer post-retiree benefits, almost four in ten (38%) believe that employee benefits have no role in older employees' decisions as to when to retire, 30% believe they encourage older employees to delay retirement, and 32% believe they encourage older employees to retire." (p. 5)
Metlife. (2009). MetLife emerging retirement model study: A survey of plan sponsors. New York: Metlife. Retrieved from http://www.metlife.com/assets/institutional/services/cbf/retirement/EmergRetireModel-Study.pdf
MetLife commissioned Asset International (which owns PlanSponsor magazine) to conduct online surveys with 240 employers from companies with at least 1,000 employees. Each respondent is from an organization that offers either a DB or DC plan or both, as well as other employer supported benefits. respondents came from companies that offer at least two of the following employee benefits where the organization pays some or the entire premium: medical insurance, dental insurance, disability insurance or life insurance.
According to a 2009 analysis of data from the Current Population Survey, "among individuals with total income in the highest 25% among all persons aged 65 and older--those with 2008 income of more than $33,677--38% of total income came from earnings, 23% of income came from pensions, 17% of…
According to a 2009 analysis of data from the Current Population Survey, "among individuals with total income in the highest 25% among all persons aged 65 and older--those with 2008 income of more than $33,677--38% of total income came from earnings, 23% of income came from pensions, 17% of income came from assets, 20% of income came from Social Security, less than 1% of income came from public assistance, and 2% came from other sources. Thus, among elderly individuals in the highest income quartile, 78% of total income came from earnings, pensions, and assets." (p. 6)
Purcell, P. (2009). Income and poverty among older Americans in 2008. Washington, DC: Congressional Research Service. Retrieved from http://assets.opencrs.com/rpts/RL32697_20091002.pdf
The findings in this report are based on data collected in the March 2009 Current Population Survey (CPS), conducted by the Bureau of the Census. The March 2009 CPS consisted of interviews with members of approximately 76,200 households, comprising a representative sample of the civilian, non-institutionalized population of the United States.
According to a 2008 report on a survey from the Society of Actuaries, among the respondents who were retired, "half retired before age 60 (52%), while only one in ten of the respondents who were pre-retirees currently in the workforce expect to retire prior to age 60 (10%). The largest share of…
According to a 2008 report on a survey from the Society of Actuaries, among the respondents who were retired, "half retired before age 60 (52%), while only one in ten of the respondents who were pre-retirees currently in the workforce expect to retire prior to age 60 (10%). The largest share of pre-retirees in the workforce report they plan to retire at or after age 65 (36%). Among those in the workforce, nearly three in ten pre-retirees say retirement does not apply to them--in other words, they expect to never retire (28%)." (p. 14)
Society of Actuaries. (2008). Key findings and issues: The phase of retirement and planning for the unexpected. Schaumburg, IL: Society of Actuaries. Retrieved from http://www.soa.org/files/pdf/research-2007-findings-phases.pdf
The survey was conducted through telephone interviews of 801 adults age 45 to 80 (400 retirees, 401 pre-retirees) in the summer of 2007. Households were selected for participation from a nationwide targeted list sample. <br>
According to a 2008 report on a survey from the Society of Actuaries, respondents who were "pre-retirees are more likely than retirees to respond that a three-year delay in retirement would make their retirement finances a lot more or a little more secure (68% vs. 45% of retirees). Half of…
According to a 2008 report on a survey from the Society of Actuaries, respondents who were "pre-retirees are more likely than retirees to respond that a three-year delay in retirement would make their retirement finances a lot more or a little more secure (68% vs. 45% of retirees). Half of retirees feel delayed retirement would have made them no more secure (51%), while three in ten pre-retirees feel the same (30%)." (p. 12)
Society of Actuaries. (2008). Key findings and issues: The phase of retirement and planning for the unexpected. Schaumburg, IL: Society of Actuaries. Retrieved from http://www.soa.org/files/pdf/research-2007-findings-phases.pdf
The survey was conducted through telephone interviews of 801 adults age 45 to 80 (400 retirees, 401 pre-retirees) in the summer of 2007. Households were selected for participation from a nationwide targeted list sample. The margin of error for study results, at the 95% confidence level, is +/-5 percentage points for questions asked of all retirees or pre-retirees.
According to a 2009 study conducted by the Sloan Center on Aging and Work, "approximately three-fourths of all employers surveyed (77%) stated that they have not analyzed projections about the retirement rates of their employees (either "not at all" or "to a limited extent")." (fig. 3, p. 8)…
According to a 2009 study conducted by the Sloan Center on Aging and Work, "approximately three-fourths of all employers surveyed (77%) stated that they have not analyzed projections about the retirement rates of their employees (either "not at all" or "to a limited extent")." (fig. 3, p. 8)
Pitt-Catsouphes, M., Sweet, S., Lynch, K., & Whalley, E. (2009). Talent management study: The pressures of talent management (Issue Brief No. 23). Chestnut Hill, MA: Sloan Center on Aging and Work at Boston College. Retrieved from http://agingandwork.bc.edu/documents/IB23_TalentMangmntStudy_2009-10-23.pdf
The 2009 Strategic Talent Management Study examined talent management practices at 696 organizations representing the 10 leading sectors of the economy that account for 83% of employment and 85% of payrolls in the United States. The data were collected in April-August 2009 from leading officers in these companies, most commonly human resource directors or chief executive officers. The study included smaller enterprises (employing < 100 employees), medium-sized enterprises (100-249 employees), and large enterprises (250+ employees).
According to a 2009 study conducted by the Sloan Center on Aging and Work, "organizations in the two groups of employers who anticipated that the aging of the workforce will have a high negative impact on their organizations (the age pressured group and age/economically pressured group) were…
According to a 2009 study conducted by the Sloan Center on Aging and Work, "organizations in the two groups of employers who anticipated that the aging of the workforce will have a high negative impact on their organizations (the age pressured group and age/economically pressured group) were more likely to have projected the retirement rates "to a moderate/great extent" than organizations anticipating limited negative impact of the aging of the workforce". (fig. 5, p. 9)
Pitt-Catsouphes, M., Sweet, S., Lynch, K., & Whalley, E. (2009). Talent management study: The pressures of talent management (Issue Brief No. 23). Chestnut Hill, MA: Sloan Center on Aging and Work at Boston College. Retrieved from http://agingandwork.bc.edu/documents/IB23_TalentMangmntStudy_2009-10-23.pdf
The 2009 Strategic Talent Management Study examined talent management practices at 696 organizations representing the 10 leading sectors of the economy that account for 83% of employment and 85% of payrolls in the United States. The data were collected in April-August 2009 from leading officers in these companies, most commonly human resource directors or chief executive officers. The study included smaller enterprises (employing < 100 employees), medium-sized enterprises (100-249 employees), and large enterprises (250+ employees).
According to the 2009 Sun-Life Unretirement Index, the most popular reason for continuing to work past the age of 67 is "to earn enough money to live well," cited by 84 percent of respondents. Subsequent reasons remain "staying mentally engaged" (81%), "I love my career" (65%), and "for health…
According to the 2009 Sun-Life Unretirement Index, the most popular reason for continuing to work past the age of 67 is "to earn enough money to live well," cited by 84 percent of respondents. Subsequent reasons remain "staying mentally engaged" (81%), "I love my career" (65%), and "for health care benefits" (63%). In addition, 58 percent of respondents are planning to work past age 67 because they don't believe social security will be available - an 11 percent increase in the last year. (p. 2)
Sun Life Financial Unretirement Index reveals 65 percent of US workers now expect to delay retirement. (2009). Wellesley, MA: Sun Life Financial. Retrieved from http://forms.sunlife-usa.com/individual/get_file.cfm?form_id=21619
This edition of the Sun-Life Unretirement Survey was conducted from August 14 - Sept. 14, 2009. Telephone interviews were conducted by Interviewing Service of America using a random-digit dial (RDD) sampling method. Quotas and weights were applied to gather a sample of 1,451 people working either full- or part-time, which was representative of the U.S. working population between the ages of 18 and 66.
According to the 2009 Sun-Life Unretirement Index, "65 percent of American workers will delay their retirement by at least one year -- an 11 percent increase since the end of 2008. The Index also indicates 27 percent of Americans now believe they will need to work at least five years longer than…
According to the 2009 Sun-Life Unretirement Index, "65 percent of American workers will delay their retirement by at least one year -- an 11 percent increase since the end of 2008. The Index also indicates 27 percent of Americans now believe they will need to work at least five years longer than expected because of the current economic environment." (p. 1)
Sun Life Financial Unretirement Index reveals 65 percent of US workers now expect to delay retirement. (2009). Wellesley, MA: Sun Life Financial. Retrieved from http://forms.sunlife-usa.com/individual/get_file.cfm?form_id=21616
This edition of the Sun-Life Unretirement Survey was conducted from August 14 - Sept. 14, 2009. Telephone interviews were conducted by Interviewing Service of America using a random-digit dial (RDD) sampling method. Quotas and weights were applied to gather a sample of 1,451 people working either full- or part-time, which was representative of the U.S. working population between the ages of 18 and 66
According to the 2009 Sun-Life Unretirement Index, "fifty-five percent of those surveyed say they will work full- or part-time at 67, and another new high of 28 percent of US workers across all age groups are planning to work full time past the age of 67." (p. 1)
According to the 2009 Sun-Life Unretirement Index, "fifty-five percent of those surveyed say they will work full- or part-time at 67, and another new high of 28 percent of US workers across all age groups are planning to work full time past the age of 67." (p. 1)
Sun Life Financial Unretirement Index reveals 65 percent of US workers now expect to delay retirement. (2009). Wellesley, MA: Sun Life Financial. Retrieved from http://forms.sunlife-usa.com/individual/get_file.cfm?form_id=21617
This edition of the Sun-Life Unretirement Survey was conducted from August 14 - Sept. 14, 2009. Telephone interviews were conducted by Interviewing Service of America using a random-digit dial (RDD) sampling method. Quotas and weights were applied to gather a sample of 1,451 people working either full- or part-time, which was representative of the U.S. working population between the ages of 18 and 66
According to a 2009 report from the U.S. Census Bureau, "Nationally, 37.8 percent of 65-and-older workers worked full-time, year-round in 2008." (p. 2)
According to a 2009 report from the U.S. Census Bureau, "Nationally, 37.8 percent of 65-and-older workers worked full-time, year-round in 2008." (p. 2)
Woodring, B. K., & Howard, D. J. (2009). Work status of people 65 years and older: 2008 American Community Survey. Washington, DC: U. S. Census Bureau. Retrieved from http://www.census.gov/prod/2009pubs/acsbr08-10.pdf
This report presents data on the work status of people aged 65 and older at the national and state levels based on the 2008 American Community Survey of the U.S. Census Bureau.
According to a 2009 Metlife survey of workers and job seekers aged 55-70, "fifty percent of the respondents say that within the past two years they have changed their minds about when they will retire--and now it is later than originally expected. Forty-four percent, however, have not changed…
According to a 2009 Metlife survey of workers and job seekers aged 55-70, "fifty percent of the respondents say that within the past two years they have changed their minds about when they will retire--and now it is later than originally expected. Forty-four percent, however, have not changed their retirement expectations, while only 6% plan to retire earlier than expected. (p. 5)
MetLife. (2009). Buddy, can you spare a job? the new realities of the job market for aging baby boomers. Westport, CT: Metlife Mature Market Institute. Retrieved from http://www.metlife.com/assets/cao/mmi/publications/studies/mmi-buddy-can-you-spare-job.pdf
Quantitative information was obtained from a survey of 1,242 U.S. residents, ages 55 to 70, who were working or seeking work, or who reported being retired because they could not find work. An oversample was surveyed to achieve a significant amount of job seekers. The survey was conducted online by Harris Interactive in May 2009.
According to a 2009 Metlife survey of workers and job seekers aged 55-70, "Among those who expect to stop working for pay later than expected, two-thirds (67%) say they need to do so to recover/rebuild financial resources for retirement and slightly more than four in 10 (44%) expect to stop…
According to a 2009 Metlife survey of workers and job seekers aged 55-70, "Among those who expect to stop working for pay later than expected, two-thirds (67%) say they need to do so to recover/rebuild financial resources for retirement and slightly more than four in 10 (44%) expect to stop working three to five years later than originally planned. (p. 5)
MetLife. (2009). Buddy, can you spare a job? the new realities of the job market for aging baby boomers. Westport, CT: Metlife Mature Market Institute. Retrieved from http://www.metlife.com/assets/cao/mmi/publications/studies/mmi-buddy-can-you-spare-job.pdf
Quantitative information was obtained from a survey of 1,242 U.S. residents, ages 55 to 70, who were working or seeking work, or who reported being retired because they could not find work. An oversample was surveyed to achieve a significant amount of job seekers. The survey was conducted online by Harris Interactive in May 2009.
In a 2009 Watson Wyatt survey of HR executives, "79% of respondents expect to see a large permanent increase in employees working past their desired retirement age." (p. 2)
In a 2009 Watson Wyatt survey of HR executives, "79% of respondents expect to see a large permanent increase in employees working past their desired retirement age." (p. 2)
Watson Wyatt Worldwide. (2009). Effect of the economic crisis on HR programs. Update: June 2009. Washington, DC: Watson Wyatt Worldwide. Retrieved from http://www.watsonwyatt.com/research/deliverpdf.asp?catalog=WT-2009-12732&id=x.pdf
In June 2009, Watson Wyatt surveyed HR executives at 179 U.S.-based companies to understand what adjustments they are making to their HR programs. This is an update to bi-monthly reports that began in October 2008.<br>
In a 2009 survey of 2000 job seekers over age 55, "four-out-of-ten older workers surveyed (45 percent) planned to be retired by this time in their lives; 38 percent had retired but now they need to go back to work. Ninety-two percent see themselves continuing to work in the next five years…
In a 2009 survey of 2000 job seekers over age 55, "four-out-of-ten older workers surveyed (45 percent) planned to be retired by this time in their lives; 38 percent had retired but now they need to go back to work. Ninety-two percent see themselves continuing to work in the next five years because they need the money and/or they like to stay active. Only eight percent see themselves being retired for good within the next five years." (p. 3)
ExperienceWorks. (2009). Overlooked and underserved: The crisis facing America's older worker. Executive summary. Arlington, VA: ExperienceWorks. Retrieved from http://www.experienceworks.org/site/DocServer/EW-ExecSummary_09-Final.pdf?docID=10381
Experience Works surveyed 2,072 job seekers age 55 and over randomly selected from among Senior Community Service Employment Program (SCSEP) participants in 30 states and 787 employers randomly selected from among SCSEP host agencies in 30 states. These agencies/ employers provide community service opportunities, training assignments and employment for older workers participating in the SCSEP.
According to a 2009 analysis of US Current Population Survey data, "68% of men and 73% of women who began receiving Social Security retired-worker benefits in 2007 applied for benefits before age 65." (p. 11)
According to a 2009 analysis of US Current Population Survey data, "68% of men and 73% of women who began receiving Social Security retired-worker benefits in 2007 applied for benefits before age 65." (p. 11)
Purcell, P. (2009). Older workers: Employment and retirement trends. Washington, DC: Congressional Research Service. Retrieved from http://lawprofessors.typepad.com/files/crs-rl30629.pdf
This reports presents an analysis of data from various years of the Census Bureau's Current Population Survey and the Annual Statistical Supplement to the Social Security Bulletin.
In a 2009 report comparing responses of HR managers in US state agencies to those of private for-profit and non-profit organizations, "30.6% of the agencies stated that they had adopted strategies to encourage late-career employees to work past the normal retirement age to a "moderate" or "great…
In a 2009 report comparing responses of HR managers in US state agencies to those of private for-profit and non-profit organizations, "30.6% of the agencies stated that they had adopted strategies to encourage late-career employees to work past the normal retirement age to a "moderate" or "great" extent. The private sector was more likely to report both having no strategy to encourage late-career employees to work past retirement and having adopted such strategies to a great extent." (fig. 11, p. 24)
McNamara, T. K., Wong, M., Brown, M., & Pitt-Catsouphes, M. (2009). States as employers-of-choice (State Research Highlight No. 01). Chestnut Hill, MA: Sloan Center on Aging & Work at Boston College. Retrieved from http://agingandwork.bc.edu/documents/SRH01_EmployersofChoice.pdf
As part of the States as Employers-of-Choice Study, HR managers from a total of 222 state agencies from 27 states responded to a 2008 online survey used to gather information. The results are compared to findings from the Center's National Study of Business Strategy and Workforce Development, a 2006 survey of for-profit and nonprofit organizations in the private sector.
According to a 2009 Pew survey, among the respondents "nearing retirement age--ages 50 to 61--a 63% majority think they might have to delay retirement because of the recession.Women in this retirement "threshold generation" have been most affected by the ailing economy. Fully 72% fear they will…
According to a 2009 Pew survey, among the respondents "nearing retirement age--ages 50 to 61--a 63% majority think they might have to delay retirement because of the recession.Women in this retirement "threshold generation" have been most affected by the ailing economy. Fully 72% fear they will have to postpone their retirement plans, compared with 54% of men in this age group." (p. 20)
Pew Research Center. (2009). Recession turns a graying office grayer. Washington, DC: Pew Research Center. Retrieved from http://pewsocialtrends.org/assets/pdf/americas-changing-workforce.pdf
This report is based on a Pew Research Center analysis of long-term trends in survey data from the U.S. Census Bureau as well as on Pew Research's own survey of a representative national sample of 1,815 people ages 16 and older conducted from July 20 to Aug. 2, 2009.
According to a 2009 Pew survey, "only about half (51%) of all current retirees say they retired because they wanted to. About a third (32%) say they had to retire for health or other reasons, and about one-in-ten (9%) say their employer forced them to retire." (p. 5)
According to a 2009 Pew survey, "only about half (51%) of all current retirees say they retired because they wanted to. About a third (32%) say they had to retire for health or other reasons, and about one-in-ten (9%) say their employer forced them to retire." (p. 5)
Pew Research Center. (2009). Recession turns a graying office grayer. Washington, DC: Pew Research Center. Retrieved from http://pewsocialtrends.org/assets/pdf/americas-changing-workforce.pdf
This report is based on a Pew Research Center analysis of long-term trends in survey data from the U.S. Census Bureau as well as on Pew Research's own survey of a representative national sample of 1,815 people ages 16 and older conducted from July 20 to Aug. 2, 2009.
In a 2009 multigenerational survey of retirement plans, "on average, pre-retirees say they now intend to postpone their retirement by 4.2 years, triggered by today's economic crisis," with boomers reporting 3.6 years postponement, gen X'ers 5.0 years, and Millenials 4.7 years. Silent generation…
In a 2009 multigenerational survey of retirement plans, "on average, pre-retirees say they now intend to postpone their retirement by 4.2 years, triggered by today's economic crisis," with boomers reporting 3.6 years postponement, gen X'ers 5.0 years, and Millenials 4.7 years. Silent generation respondents expect to postpone retirement by 1.9 years. (fig. 7. p. 6)
Age Wave. (2009). Retirement at the tipping point: The year that changed everything. new fears, new hopes, and a new purpose for retirement. New York: Harris Interactive. Retrieved from http://www.agewave.com/RetirementTippingPoint.pdf
This survey was conducted online by Harris Interactive from March 30-March 31, 2009. In total, 2,082 interviews were conducted among 21-84 year olds spanning four generations of adults: the Silent Generation (ages 64 to 84), the Baby Boomers (ages 45 to 63), Generation X (ages 33 to 44), and Millennials (ages 21 to 32).
According to a 2009 Pew survey, "some 11% of all adults ages 65 and older say they are not retired. As a group, nearly four-in-ten of these non-retirees (or 4% of the total population that is 65 and older) report that they are working full time; 23% say they have part-time jobs; and 37% say they…
According to a 2009 Pew survey, "some 11% of all adults ages 65 and older say they are not retired. As a group, nearly four-in-ten of these non-retirees (or 4% of the total population that is 65 and older) report that they are working full time; 23% say they have part-time jobs; and 37% say they are job hunting....Nearly one-in-four older adults remains in the workforce after turning 65." (p. 87)
Taylor, P., Morin, R., Parker, K., & Wang, W. (2009). Growing old in America: Expectations vs. reality. Washington, DC: Pew Research Center. Retrieved from http://pewsocialtrends.org/assets/pdf/getting-old-in-america.pdf
The Pew Social Trends Aging Survey obtained telephone interviews with a nationally representative sample of 2,969 adults living in the continental United States. The survey was conducted by Princeton Survey Research Associates International from February 23 to March 23, 2009.
According to a 2009 Pew survey, "83% of all adults 65 and older say they are retired--a group that includes some who work at least part time--while 5% describe themselves as semi-retired. The typical retiree is 75 years old and retired at the age of 62. Among those who say they have retired,…
According to a 2009 Pew survey, "83% of all adults 65 and older say they are retired--a group that includes some who work at least part time--while 5% describe themselves as semi-retired. The typical retiree is 75 years old and retired at the age of 62. Among those who say they have retired, more than six-in-ten (62%) retired by age 65. Older adults who have not yet retired but expect to do so someday are, on average, 70 years old and plan to retire in three years." (p. 89)
Taylor, P., Morin, R., Parker, K., & Wang, W. (2009). Growing old in America: Expectations vs. reality. Washington, DC: Pew Research Center. Retrieved from http://pewsocialtrends.org/assets/pdf/getting-old-in-america.pdf
The Pew Social Trends Aging Survey obtained telephone interviews with a nationally representative sample of 2,969 adults living in the continental United States. The survey was conducted by Princeton Survey Research Associates International from February 23 to March 23, 2009.
According to a 2009 Pew survey, "among adults 65 and older, nearly identical proportions of men (75%) and women (76%) are retired and not working. About three-quarters of whites (76%) and an identical proportion of blacks are fully retired, while roughly equal proportions of each group are…
According to a 2009 Pew survey, "among adults 65 and older, nearly identical proportions of men (75%) and women (76%) are retired and not working. About three-quarters of whites (76%) and an identical proportion of blacks are fully retired, while roughly equal proportions of each group are working. When it comes to having a full-time job, men are slightly more likely than women to be employed (9% vs. 4%). Women, meanwhile, are slightly more likely to say they are not retired but are looking for work (6% vs. 3%). (p. 88)
Taylor, P., Morin, R., Parker, K., & Wang, W. (2009). Growing old in America: Expectations vs. reality. Washington, DC: Pew Research Center. Retrieved from http://pewsocialtrends.org/assets/pdf/getting-old-in-america.pdf
The Pew Social Trends Aging Survey obtained telephone interviews with a nationally representative sample of 2,969 adults living in the continental United States. The survey was conducted by Princeton Survey Research Associates International from February 23 to March 23, 2009.
According to a 2009 Pew survey, "a majority of working adults 65 and older are uncertain about when--if at all--they will retire. About a third (33%) say they plan to retire someday, and these working older Americans say, on average, they plan to retire when they are 73. But an additional 31%…
According to a 2009 Pew survey, "a majority of working adults 65 and older are uncertain about when--if at all--they will retire. About a third (33%) say they plan to retire someday, and these working older Americans say, on average, they plan to retire when they are 73. But an additional 31% plan to never stop working, and 27% say they aren't sure when, if ever, they will retire." (p. 90)
Taylor, P., Morin, R., Parker, K., & Wang, W. (2009). Growing old in America: Expectations vs. reality. Washington, DC: Pew Research Center. Retrieved from http://pewsocialtrends.org/assets/pdf/getting-old-in-america.pdf
The Pew Social Trends Aging Survey obtained telephone interviews with a nationally representative sample of 2,969 adults living in the continental United States. The survey was conducted by Princeton Survey Research Associates International from February 23 to March 23, 2009.
According to a 2009 Pew survey, "the likelihood that a person is retired and out of the labor force increases substantially with age. Overall, about two-thirds of adults ages 65-74 say they are retired and not working, compared with 85% of those ages 75 and older. Similarly, adults ages 65-74…
According to a 2009 Pew survey, "the likelihood that a person is retired and out of the labor force increases substantially with age. Overall, about two-thirds of adults ages 65-74 say they are retired and not working, compared with 85% of those ages 75 and older. Similarly, adults ages 65-74 are more than twice as likely to be employed, either part time or full time, as are those 75 and older (33% vs. 15%)." (p. 88)
Taylor, P., Morin, R., Parker, K., & Wang, W. (2009). Growing old in America: Expectations vs. reality. Washington, DC: Pew Research Center. Retrieved from http://pewsocialtrends.org/assets/pdf/getting-old-in-america.pdf
The Pew Social Trends Aging Survey obtained telephone interviews with a nationally representative sample of 2,969 adults living in the continental United States. The survey was conducted by Princeton Survey Research Associates International from February 23 to March 23, 2009.
According to a 2009 survey of 1000 U.S. adults, "Boomers showed the most pronounced increase in their level of worry about the future -- more than two-thirds (67 percent) describe themselves as being concerned about having enough money for retirement. This marks a 16 percent increase from 2008…
According to a 2009 survey of 1000 U.S. adults, "Boomers showed the most pronounced increase in their level of worry about the future -- more than two-thirds (67 percent) describe themselves as being concerned about having enough money for retirement. This marks a 16 percent increase from 2008...and a 38 percent increase in the number of Boomers who think they will never be able to fully retire." (p. 4)
Scottrade. (2009). 2009 American retirement study. United States: Scottrade. Retrieved from http://www.scottrade.com/white_papers/The_2009_Scottrade_American_Retirement_Study.pdf
This study includes 1,000 U.S. adults, age 18+ in the contiguous United States, 484 male, 516 female, who participated in an Opt-in internet survey; data collection was done January 23-27, 2009.
According to a 2009 survey of employees and retirees, "fifty-four percent of workers aged 50 to 64 who plan to postpone retirement say they will work at least three years longer than expected." (p. 2)
According to a 2009 survey of employees and retirees, "fifty-four percent of workers aged 50 to 64 who plan to postpone retirement say they will work at least three years longer than expected." (p. 2)
Watson Wyatt Worldwide. (2009). Effect of the economic crisis on employee attitudes toward retirement - part II: Retirement Timing . Washington, DC: Watson Wyatt Worldwide. Retrieved from http://www.watsonwyatt.com/research/deliverpdf.asp?catalog=WT-2009-12911&id=x.pdf
In February 2009, Watson Wyatt surveyed 2,232 active employees and 904 retirees of nongovernment organizations with 1,000 or more employees to gauge the effect of the economic crisis on Americans.
According to a 2009 survey of employees and retirees, "among the reasons for postponing retirement, 76% of workers aged 50-64 say the decline in the value of their 401(k) plans is a key reason. Other reasons include: the high cost of health care (63%), higher prices for basic necessities (62…
According to a 2009 survey of employees and retirees, "among the reasons for postponing retirement, 76% of workers aged 50-64 say the decline in the value of their 401(k) plans is a key reason. Other reasons include: the high cost of health care (63%), higher prices for basic necessities (62%), need to keep health care coverage (56%), and desire to work as long as physically able (40%). (p. 6)
Watson Wyatt Worldwide. (2009). Effect of the economic crisis on employee attitudes toward retirement - part II: Retirement Timing . Washington, DC: Watson Wyatt Worldwide. Retrieved from http://www.watsonwyatt.com/research/deliverpdf.asp?catalog=WT-2009-12911&id=x.pdf
In February 2009, Watson Wyatt surveyed 2,232 active employees and 904 retirees of nongovernment organizations with 1,000 or more employees to gauge the effect of the economic crisis on Americans.
According to a 2009 survey of 1000 U.S. adults, "fewer than one in three Americans expect to be able to fully retire, according to the study. This number represents a decline, from 39 percent in 2008 to 32 percent this year -- a decrease of 18 percent. The number has declined from 41 percent in…
According to a 2009 survey of 1000 U.S. adults, "fewer than one in three Americans expect to be able to fully retire, according to the study. This number represents a decline, from 39 percent in 2008 to 32 percent this year -- a decrease of 18 percent. The number has declined from 41 percent in 2007 -- for an overall decrease of 22 percent." (p. 3)
Scottrade. (2009). 2009 American retirement study. United States: Scottrade. Retrieved from http://www.scottrade.com/white_papers/The_2009_Scottrade_American_Retirement_Study.pdf
This study includes 1,000 U.S. adults, age 18+ in the contiguous United States, 484 male, 516 female, who participated in an Opt-in internet survey; data collection was done January 23-27, 2009.
According to a 2009 AARP survey of adults ages 45 and older, "seventeen percent of those surveyed said they had postponed plans to retire. Twenty-seven percent of those in the age group approaching retirement age (i.e. those between 55-64) reported postponing plans to retire and about one-fifth…
According to a 2009 AARP survey of adults ages 45 and older, "seventeen percent of those surveyed said they had postponed plans to retire. Twenty-seven percent of those in the age group approaching retirement age (i.e. those between 55-64) reported postponing plans to retire and about one-fifth (19%) of this age group reported already being retired." (p. 1)
Rainville, G. (2009). AARP bulletin survey on employment status of the 45+ population: Executive summary. Washington, DC: AARP. Retrieved from http://assets.aarp.org/rgcenter/econ/bulletin_jobs_09.pdf
This study was conducted for AARP via telephone by ICR, an independent research company. Interviews were conducted from May 1-May 7, 2009 among a nationally representative sample of 767 respondents 45 years of age or older.
According to a 2009 telephone survey of almost 3000 adults, among adults ages 50 to 64 who are employed fulltime, "six-in-ten women working full-time in this age group say they have reconsidered when they will retire, compared with slightly less than half of all men (61% vs. 45%)."
According to a 2009 telephone survey of almost 3000 adults, among adults ages 50 to 64 who are employed fulltime, "six-in-ten women working full-time in this age group say they have reconsidered when they will retire, compared with slightly less than half of all men (61% vs. 45%)."
Morin, R. (2009). Most middle-aged adults are rethinking retirement plans. Washington, DC: Pew Research Center. Retrieved from http://pewresearch.org/pubs/1234/the-threshold-generation
The Pew Research findings are based on a telephone survey of a nationally representative sample of 2,969 adults conducted from February 23 through March 23, 2011
According to a 2009 telephone survey of almost 3000 adults, "working adults who are closer to the traditional retirement age of 65 are even more likely than younger members of the Threshold Generation to have considered delaying their retirement. Some 68% of those ages 57 to 64 say they have…
According to a 2009 telephone survey of almost 3000 adults, "working adults who are closer to the traditional retirement age of 65 are even more likely than younger members of the Threshold Generation to have considered delaying their retirement. Some 68% of those ages 57 to 64 say they have thought about delaying retirement, compared with 44% of those ages 50 to 56."
Morin, R. (2009). Most middle-aged adults are rethinking retirement plans. Washington, DC: Pew Research Center. Retrieved from http://pewresearch.org/pubs/1234/the-threshold-generation
The Pew Research findings are based on a telephone survey of a nationally representative sample of 2,969 adults conducted from February 23 through March 23, 2012
According to a 2009 telephone survey of almost 3000 adults, "just over half of all working adults ages 50 to 64 say they may delay their retirement -- and another 16% say they never expect to stop working."
According to a 2009 telephone survey of almost 3000 adults, "just over half of all working adults ages 50 to 64 say they may delay their retirement -- and another 16% say they never expect to stop working."
Morin, R. (2009). Most middle-aged adults are rethinking retirement plans. Washington, DC: Pew Research Center. Retrieved from http://pewresearch.org/pubs/1234/the-threshold-generation
The Pew Research findings are based on a telephone survey of a nationally representative sample of 2,969 adults conducted from February 23 through March 23, 2009
According to a 2009 telephone survey of almost 3000 adults, "37% of full-time employed adults of all ages say they have thought in the past year about postponing their eventual retirement. This proportion swells to 52% among fulltime workers ages 50 to 64. Members of this so-called "Threshold…
According to a 2009 telephone survey of almost 3000 adults, "37% of full-time employed adults of all ages say they have thought in the past year about postponing their eventual retirement. This proportion swells to 52% among fulltime workers ages 50 to 64. Members of this so-called "Threshold Generation" are twice as likely as younger workers to say they never plan to retire (16% vs. 8%)."
Morin, R. (2009). Most middle-aged adults are rethinking retirement plans. Washington, DC: Pew Research Center. Retrieved from http://pewresearch.org/pubs/1234/the-threshold-generation
The Pew Research findings are based on a telephone survey of a nationally representative sample of 2,969 adults conducted from February 23 through March 23, 2010
In a 2009 survey of adults aged 45 or older, "over 31% of respondents favor raising the earnings cap on wages subject to payroll taxes. More than 27% support expanding funding sources to include federal income and estate taxes. Fewer than 14% favor raising the retirement age, and only 5.5%…
In a 2009 survey of adults aged 45 or older, "over 31% of respondents favor raising the earnings cap on wages subject to payroll taxes. More than 27% support expanding funding sources to include federal income and estate taxes. Fewer than 14% favor raising the retirement age, and only 5.5% support reducing benefits for future retirees."
National Committee to Preserve Social Security and Medicare. (2009). Americans support protecting social security benefits: findings of NCPSSM survey. Retrieved May 26, 2009, from http://www.ncpssm.org/pdf/poll_results_33109.pdf
Figures are percentages based on 728 telephone interviews among a nationally representative sample of U.S. adults age 45 or older conducted March 12-15, 2009.
According to a 2009 Pew survey, three-quarters (75%) of adults ages 50-64 say that the nation's current economic problems will make it more difficult for them to afford retirement (harder to meet retirement needs). Two-thirds (67%) of younger adults aged 18-49 and 56% of older 65 and older…
According to a 2009 Pew survey, three-quarters (75%) of adults ages 50-64 say that the nation's current economic problems will make it more difficult for them to afford retirement (harder to meet retirement needs). Two-thirds (67%) of younger adults aged 18-49 and 56% of older 65 and older adults share the same concern. (p. 1)
Morin, R., & Taylor, P. (2009). Oldest are most sheltered: Different age groups, different recessions. Washington, DC: Pew Research Center. Retrieved from http://pewsocialtrends.org/assets/pdf/recession-and-older-americans.pdf
This report presents the results of a telephone survey of a nationally representative sample of 2,969 adults conducted by the Pew Research Center's Social & Demographic Trends project from Feb. 23 to March 23, 2009.
According to a 2009 Pew survey, among the 'Threshold Generation' -- Americans ages 50 to 64 who are at or near the peak of their earnings potential and net worth -- "nearly half (46%) of 50 to 64 year olds who are not yet retired say that in the past year they've considered delaying their…
According to a 2009 Pew survey, among the 'Threshold Generation' -- Americans ages 50 to 64 who are at or near the peak of their earnings potential and net worth -- "nearly half (46%) of 50 to 64 year olds who are not yet retired say that in the past year they've considered delaying their eventual retirement," a higher share than says the same within any other age group." (p. 10)
Morin, R., & Taylor, P. (2009). Oldest are most sheltered: Different age groups, different recessions. Washington, DC: Pew Research Center. Retrieved from http://pewsocialtrends.org/assets/pdf/recession-and-older-americans.pdf
This report presents the results of a telephone survey of a nationally representative sample of 2,969 adults conducted by the Pew Research Center's Social & Demographic Trends project from Feb. 23 to March 23, 2009.
According to a 2009 analysis of HRS data, "less than half (46 percent) of workers employed fulltime at ages 51 to 55 ever cite retirement as the principal reason for leaving a job by ages 65-69." (p. 12)
According to a 2009 analysis of HRS data, "less than half (46 percent) of workers employed fulltime at ages 51 to 55 ever cite retirement as the principal reason for leaving a job by ages 65-69." (p. 12)
Johnson, R. W., Kawachi, J., & Lewis, E. K. (2009). Older workers on the move: Recareering in later life (Research Report No. 2009-08). Washington, DC: AARP Public Policy Institute. Retrieved from http://assets.aarp.org/rgcenter/econ/2009_08_recareering.pdf
This PPI Research Paper by examines the characteristics of workers who change careers in late life, using data from eight waves of the biennial Health and Retirement Study (1992-2006). A sample of 1,705 workers who were ages 51-55 in 1992 were followed until 2006, when they were 65-69.
According to a 2008 AARP survey, "if the economy does not improve significantly, over six in ten workers at least 45 years old say it is likely they will spend less in retirement (69%), as well as delay retirement and work longer (65%). Far fewer (37%) say it is likely they will save more for…
According to a 2008 AARP survey, "if the economy does not improve significantly, over six in ten workers at least 45 years old say it is likely they will spend less in retirement (69%), as well as delay retirement and work longer (65%). Far fewer (37%) say it is likely they will save more for retirement." (p. i)
Thayer, C. (2008). Retirement security or insecurity? the experience of workers aged 45 and older. Washington, DC: AARP Knowledge Management. Retrieved from http://assets.aarp.org/rgcenter/econ/retirement_survey_08.pdf
This study was conducted for AARP via telephone by International Communications Research. Interviews were conducted from September 3-21, 2008 among a nationally representative sample of 1628 people ages 45 and older, with an over-sampling of Hispanic respondents.
According to the 2009 Retirement Confidence Survey, "the percentage of workers planning to work after they retire has increased to 72 percent in 2009 (up from 66 percent in 2007 and 63 percent in 2008). This compares with 34 percent of retirees who report they actually worked for pay at some…
According to the 2009 Retirement Confidence Survey, "the percentage of workers planning to work after they retire has increased to 72 percent in 2009 (up from 66 percent in 2007 and 63 percent in 2008). This compares with 34 percent of retirees who report they actually worked for pay at some time during their retirement." (p. 2)
Helman, R., Copeland, C., & VanDerhei, J. (2009). The 2009 retirement confidence survey: Economy drives confidence to record lows; many looking to work longer (Issue Brief No. 328). Washington, DC: Employee Benefit Research Institute. Retrieved from http://www.ebri.org/pdf/briefspdf/EBRI_IB_4-2009_RCS1.pdf
These findings are part of the 19th annual Retirement Confidence Survey (RCS), a survey that gauges the views and attitudes of working-age and retired Americans regarding retirement, their preparations for retirement, their confidence with regard to various aspects of retirement, and related issues. The survey was conducted in January 2009 through 20-minute telephone interviews with 1,257 individuals (1,001 workers and 256 retirees) age 25 and older in the United States. Random digit dialing was used to obtain a representative cross section of the U.S. population. To further increase representation, a cell phone supplement was added to the sample
According to a 2009 analysis of HRS data, "one in four adults ages 51 to 55 who left their 1992 jobs said they were retiring. More than 3 in 10 retirees took new jobs and nearly two-thirds of these job changers moved into new occupations." (p. x)
According to a 2009 analysis of HRS data, "one in four adults ages 51 to 55 who left their 1992 jobs said they were retiring. More than 3 in 10 retirees took new jobs and nearly two-thirds of these job changers moved into new occupations." (p. x)
Johnson, R. W., Kawachi, J., & Lewis, E. K. (2009). Older workers on the move: Recareering in later life (Research Report No. 2009-08). Washington, DC: AARP Public Policy Institute. Retrieved from http://assets.aarp.org/rgcenter/econ/2009_08_recareering.pdf
This PPI Research Paper by examines the characteristics of workers who change careers in late life, using data from eight waves of the biennial Health and Retirement Study (1992-2006). A sample of 1,705 workers who were ages 51-55 in 1992 were followed until 2006, when they were 65-69.
According to the 2009 Retirement Confidence Survey, "twenty-eight percent of workers say the age at which they expect to retire has changed in the past year. Of those, the vast majority (89 percent) say that they have postponed retirement with the intention of increasing their financial security…
According to the 2009 Retirement Confidence Survey, "twenty-eight percent of workers say the age at which they expect to retire has changed in the past year. Of those, the vast majority (89 percent) say that they have postponed retirement with the intention of increasing their financial security. Nevertheless, the median (mid-point) worker expects to retire at age 65, with 21 percent planning to push on into their 70s. The median retiree actually retired at age 62, and 47 percent of retirees say they retired sooner than planned." (p. 2)
Helman, R., Copeland, C., & VanDerhei, J. (2009). The 2009 retirement confidence survey: Economy drives confidence to record lows; many looking to work longer (Issue Brief No. 328). Washington, DC: Employee Benefit Research Institute. Retrieved from http://www.ebri.org/pdf/briefspdf/EBRI_IB_4-2009_RCS1.pdf
These findings are part of the 19th annual Retirement Confidence Survey (RCS), a survey that gauges the views and attitudes of working-age and retired Americans regarding retirement, their preparations for retirement, their confidence with regard to various aspects of retirement, and related issues. The survey was conducted in January 2009 through 20-minute telephone interviews with 1,257 individuals (1,001 workers and 256 retirees) age 25 and older in the United States. Random digit dialing was used to obtain a representative cross section of the U.S. population. To further increase representation, a cell phone supplement was added to the sample
A 2008 analysis of CPS data by the Center for Retirement Research found that "in 1982, when 63 was the average retirement age (as it is today), 70 percent of male workers aged 58 to 62 had been working full-time for the same employer since age 50. Only 24 percent were working full-time for a new…
A 2008 analysis of CPS data by the Center for Retirement Research found that "in 1982, when 63 was the average retirement age (as it is today), 70 percent of male workers aged 58 to 62 had been working full-time for the same employer since age 50. Only 24 percent were working full-time for a new employer. In 2004, in contrast, just 44 percent of men in that age range had been working full-time for the same employer since age 50, while 48 percent were working full-time for a new employer." (Fig. 7, p. 13)
Brome, H., & Hackman, S. (2009). Employing the region's assets: Baby boomers meeting New England's skilled workforce needs. Boston: New England Public Policy Center. Retrieved from http://www.bos.frb.org/economic/neppc/conreports/2008/conreport081.pdf
The conference report summarizes presentations about changing demographics and labor force trends in New England and the nation and what employers, workers, and the public sector can do to lengthen the labor force participation of New Englanders.
According to a 2009 analysis of BLS data, "older adults are already working longer than they used to. Between 1998 and 2008, the share of men age 65 to 69 in the labor force jumped from 28 percent to 36 percent. The share of women age 65 to 69 in the workforce went up from 18 percent to 26…
According to a 2009 analysis of BLS data, "older adults are already working longer than they used to. Between 1998 and 2008, the share of men age 65 to 69 in the labor force jumped from 28 percent to 36 percent. The share of women age 65 to 69 in the workforce went up from 18 percent to 26 percent over the same period." (p. 1)
Urban Institute. (2009). It's not easy being gray: The new rules of retirement (Issue Brief No. 25). Washington, DC: Urban Institute. Retrieved from http://www.urban.org/UploadedPDF/411840_rules_of_retirement.pdf
This brief summarizes an invitation-only roundtable discussion at the Urban Institute on December 2, 2008. The report includes an analysis of BLS data from 1976-2008.
According to the results of a 2007 survey on retirement, "nearly one in four (24%) respondents ages 55 to 75 went back to work after their retirement. Three-fourths (76%) stayed retired and did not re-enter the workforce. A third of those who started working again after retirement have stayed…
According to the results of a 2007 survey on retirement, "nearly one in four (24%) respondents ages 55 to 75 went back to work after their retirement. Three-fourths (76%) stayed retired and did not re-enter the workforce. A third of those who started working again after retirement have stayed in the workforce, while the majority (65%) have now stopped working." (p. 7)
Koppen, J., & Anderson, G. (2008). Retired spouses: A national survey of adults 55-75. Washington, DC: AARP. Retrieved from http://assets.aarp.org/rgcenter/general/retired_spouses.pdf
The sample consisted of 1064 adults ages 55-75, married or living as married and who are retired themselves and/or have a spouse who is retired. Questions were included on a survey administrated by telephone on November 1-26, 2007.
According to a 2007 analysis of HRS data, "the self-employed report a higher likelihood that they will be working at age 62 or 65, compared with their wage and salary counterparts (58 percent versus 47 percent at age 62 and 42 percent versus 24 percent at age 65)." (p. 25)
According to a 2007 analysis of HRS data, "the self-employed report a higher likelihood that they will be working at age 62 or 65, compared with their wage and salary counterparts (58 percent versus 47 percent at age 62 and 42 percent versus 24 percent at age 65)." (p. 25)
Zissimopoulos, J., & Karoly, L. A. (2007). Work and well-being among the self-employed at older ages (Research Report No. 2007-04). Washington, DC: AARP Public Policy Institute. Retrieved from http://assets.aarp.org/rgcenter/econ/2007_04_work.pdf
This study is based on analysis data available from the Health and Retirement Study (HRS). The HRS offers biennial longitudinal data from 1992 to 2004 for respondents born from 1931 to 1941 and their spouses. This project uses final release data from 1992 to 2002. (p. vii)
According to a 2008 analysis of data from the Survey of Income and Program Participation, "Workers could increase their annual income by an average of 5 percent from age 50 onward for one additional year of work and 25 percent for five additional years of work. The additional net wealth from one…
According to a 2008 analysis of data from the Survey of Income and Program Participation, "Workers could increase their annual income by an average of 5 percent from age 50 onward for one additional year of work and 25 percent for five additional years of work. The additional net wealth from one more year of work, if annuitized at retirement, could increase consumption by 9 percent per year. Five additional years of work could increase annual consumption at retirement by 56 percent per year. Workers in the bottom lifetime earnings quintile could increase annual consumption at retirement by 16 percent with one additional year of work and by 98 percent with five additional years of work." (p. 2)
Butrica, B. A., Smith, K. E., & Steuerle, E. (2008). Working for a good retirement. Washington, DC: Urban Institute. Retrieved from http://www.urban.org/UploadedPDF/311333_good_retirement.pdf
The Urban Institute's Dynamic Simulation of Income Model (DYNASIM3) is used to determine the individual and budgetary consequences of working longer. In DYNASIM, retirement is defined as substantial, but not necessarily complete, withdrawal from the labor force. Specifically, DYNASIM's retirement age represents the age at which a worker experiences at least a 50 percent drop in earnings compared with average earnings earned between age 45 and 50. (The drop in earnings must last for at least two years.) The model starts with a self-weighting sample of about 100,000 individuals from the 1990 to 1993 Survey of Income and Program Participation. DYNASIM ages this starting sample in yearly increments to 2050, using parameters estimated from longitudinal data sources.
According to a 2008 AARP survey of older workers, "more older African American workers (79%) than white workers (68%) intend to work for pay during retirement. Among older Hispanic workers, 75% have such expectations." (p. 107)
According to a 2008 AARP survey of older workers, "more older African American workers (79%) than white workers (68%) intend to work for pay during retirement. Among older Hispanic workers, 75% have such expectations." (p. 107)
Groeneman, S. (2008). Staying ahead of the curve 2007: The AARP work and career study. Washington, D.C.: AARP. Retrieved from http://assets.aarp.org/rgcenter/econ/work_career_08.pdf
Interviews were completed for a nationally representative sample of workers ages 45 to 74, including those who are currently employed and those who are unemployed but looking for work. 1500 telephone interviews were conducted from April 13 through May 21, 2007. Additional interviews were completed with African Americans and Hispanics.
In a 2008 report of a survey of over 9000 Austrailian workers aged 45-64 years, 3010 were not in the labour force. Of these, 1373 (45.6%) had retired prematurely because of a chronic health condition, most commonly a back problem (10.4%), or arthritis and related disorders (8.6%).
In a 2008 report of a survey of over 9000 Austrailian workers aged 45-64 years, 3010 were not in the labour force. Of these, 1373 (45.6%) had retired prematurely because of a chronic health condition, most commonly a back problem (10.4%), or arthritis and related disorders (8.6%).
Schofield, D. J., Shrestha, R. N., Passey, M. E., Earnest, A., & Fletcher, S. L. (2008). Chronic disease and labour force participation among older Australians. The Medical Journal of Australia, 189(8), 447-450.
This study is based on retrospective analysis of cross-sectional data from the Australian Bureau of Statistics 2003 Survey of Disability, Ageing and Carers for people aged 45-64 years.
According to a 2008 analysis of CPS data, men 65 to 69 were about six percentage points less likely to be retired in 2004 than in 1992. " (p. 4)
According to a 2008 analysis of CPS data, men 65 to 69 were about six percentage points less likely to be retired in 2004 than in 1992. " (p. 4)
Gustman, A. L., & Steinmeier, T. (2008). How changes in social security affect recent retirement trends (Working Paper No. 14105). Washington, DC: National Bureau of Economic Research. Retrieved from http://papers.nber.org/papers/w14105
This paper uses Health and Retirement Study data to document the changes in retirement status among cohorts. For those 65 to 67, there is a clear trend toward later retirement. (p. 18)
According to a 2008 analysis of HRS data, "between 1998 and 2004, the fraction of 65 to 67 year old men who were completely retired (working less than 99 hours per year) declined by 3.1 percentage points." The fraction of men aged 65-67 who reported that they are not retired (working 1250 hours…
According to a 2008 analysis of HRS data, "between 1998 and 2004, the fraction of 65 to 67 year old men who were completely retired (working less than 99 hours per year) declined by 3.1 percentage points." The fraction of men aged 65-67 who reported that they are not retired (working 1250 hours per year or more) increased by 3.0 percentage points during the same period.(Table 2, p. 4)
Gustman, A. L., & Steinmeier, T. (2008). How changes in social security affect recent retirement trends (Working Paper No. 14105). Washington, DC: National Bureau of Economic Research. Retrieved from http://papers.nber.org/papers/w14105
This paper uses Health and Retirement Study data to document the changes in retirement status among cohorts. For those 65 to 67, there is a clear trend toward later retirement. (p. 18)
In a 2008 telephone interview survey, almost half (48%) of the respondents reported that they plan to be working at least part-time at the age of 67. Of those, 29% plan to be working part-time and 19% plan to be working full-time. (p. 4)
In a 2008 telephone interview survey, almost half (48%) of the respondents reported that they plan to be working at least part-time at the age of 67. Of those, 29% plan to be working part-time and 19% plan to be working full-time. (p. 4)
Sun-life financial unretirement index: Initial results (2008). Wellesley, MA: Sun Life Financial. Retrieved from http://www.sunlife-usa.com/unretirementindex/results.cfm
This study was conducted between August 9-19, 2008. Telephone interviews were conducted by Interviewing Service of America using a random-digit-dial sampling method. Quotas and weights were applied to gather a sample of 1,515 people working either full- or part-time which was representative of the working population between the age of 30 and 66. The sample was also representative in terms of gender and four-region census break.
According to a 2008 survey of recent retirees, "in general, workers begin thinking seriously about retirement not long before they actually retire. Twenty-two percent of the surveyed retirees first began thinking seriously about retiring only six months before they left the company, while…
According to a 2008 survey of recent retirees, "in general, workers begin thinking seriously about retirement not long before they actually retire. Twenty-two percent of the surveyed retirees first began thinking seriously about retiring only six months before they left the company, while another 22 percent began thinking seriously about a year beforehand. Twenty-eight percent started thinking about it 18 months (10 percent) or two years (18 percent) before." (p. 3)
Helman, R., Copeland, C., VanDerhei, J., & Salisbury, D. (2008). EBRI 2008 recent retirees survey: Report of findings (Issue Brief No. 319). Washington, DC: Employee Benefit Research Institute. Retrieved from http://www.ebri.org/pdf/briefspdf/EBRI_IB_07-2008.pdf
This report presents the results of a survey conducted by Mathew Greenwald & Associates, Inc., on behalf of the Employee Benefit Research Institute (EBRI) to examine the factors that cause aerospace and defense industry workers to retire when they do and what might prompt them to delay their retirement. Online interviewing for the survey was conducted by Greenwald & Associates between March 24 and April 7, 2008. Completed responses from 5,722 retirees were received to the survey, for an overall response rate of 30 percent. Individual company response rates ranged between 22 and 41 percent.
According to a 2008 Pew Research Center survey, the anticipated retirement age among those ages 50 and older is an average of 63.7 compared with 58.8 among those currently ages 18 to 29.
According to a 2008 Pew Research Center survey, the anticipated retirement age among those ages 50 and older is an average of 63.7 compared with 58.8 among those currently ages 18 to 29.
Pew Research Center. (2008). Working after retirement: The gap between expectations and reality. Washington, DC: PewResearch Center. Retrieved from http://pewresearch.org/assets/social/pdf/Retirement.pdf
Results for this survey are based on telephone interviews conducted with a nationally representative sample of adults, ages 18 years and older, living in continental U.S. telephone households. The sample design included a representative sample of 1,182 respondents and an oversample of 821 respondents ages 18 to 64. The data are weighted to produce a final sample that is representative of the general population of adults in the continental United States. Interviews were conducted June 20-July 16, 2008.
According to a 2008 survey of recent retirees, "while a majority (54 percent) was either extremely, very, or somewhat satisfied with their job at the time they made their decision to retire, a sizable minority (46 percent) indicate they were not too or not at all satisfied." (p. 4)
…
According to a 2008 survey of recent retirees, "while a majority (54 percent) was either extremely, very, or somewhat satisfied with their job at the time they made their decision to retire, a sizable minority (46 percent) indicate they were not too or not at all satisfied." (p. 4)
Helman, R., Copeland, C., VanDerhei, J., & Salisbury, D. (2008). EBRI 2008 recent retirees survey: Report of findings (Issue Brief No. 319). Washington, DC: Employee Benefit Research Institute. Retrieved from http://www.ebri.org/pdf/briefspdf/EBRI_IB_07-2008.pdf
This report presents the results of a survey conducted by Mathew Greenwald & Associates, Inc., on behalf of the Employee Benefit Research Institute (EBRI) to examine the factors that cause aerospace and defense industry workers to retire when they do and what might prompt them to delay their retirement. Online interviewing for the survey was conducted by Greenwald & Associates between March 24 and April 7, 2008. Completed responses from 5,722 retirees were received to the survey, for an overall response rate of 30 percent. Individual company response rates ranged between 22 and 41 percent.
According to a 2008 survey of recent retirees, "thirty-eight percent report that being able to work seasonally or on a contract basis would have been effective in encouraging them to delay retirement. Among those rating this as one of the top two incentives, more than three-quarters (77 percent…
According to a 2008 survey of recent retirees, "thirty-eight percent report that being able to work seasonally or on a contract basis would have been effective in encouraging them to delay retirement. Among those rating this as one of the top two incentives, more than three-quarters (77 percent) say it might have prompted them to stay two years or more with the company." (p. 3)
Helman, R., Copeland, C., VanDerhei, J., & Salisbury, D. (2008). EBRI 2008 recent retirees survey: Report of findings (Issue Brief No. 319). Washington, DC: Employee Benefit Research Institute. Retrieved from http://www.ebri.org/pdf/briefspdf/EBRI_IB_07-2008.pdf
This report presents the results of a survey conducted by Mathew Greenwald & Associates, Inc., on behalf of the Employee Benefit Research Institute (EBRI) to examine the factors that cause aerospace and defense industry workers to retire when they do and what might prompt them to delay their retirement. Online interviewing for the survey was conducted by Greenwald & Associates between March 24 and April 7, 2008. Completed responses from 5,722 retirees were received to the survey, for an overall response rate of 30 percent. Individual company response rates ranged between 22 and 41 percent.
According to a 2008 survey of recent retirees, "three-quarters of retirees (76 percent) report that their ability to afford retirement was an extremely or very important factor in their decision to retire. Two other factors are also mentioned by a majority of retirees as reasons for retiring:…
According to a 2008 survey of recent retirees, "three-quarters of retirees (76 percent) report that their ability to afford retirement was an extremely or very important factor in their decision to retire. Two other factors are also mentioned by a majority of retirees as reasons for retiring: their job satisfaction (63 percent extremely or very important) and a desire for more personal or family time (60 percent) . Nearly half (46 percent) say that their own health was an extremely or very important reason for their retirement." (p. 5)
Helman, R., Copeland, C., VanDerhei, J., & Salisbury, D. (2008). EBRI 2008 recent retirees survey: Report of findings (Issue Brief No. 319). Washington, DC: Employee Benefit Research Institute. Retrieved from http://www.ebri.org/pdf/briefspdf/EBRI_IB_07-2008.pdf
This report presents the results of a survey conducted by Mathew Greenwald & Associates, Inc., on behalf of the Employee Benefit Research Institute (EBRI) to examine the factors that cause aerospace and defense industry workers to retire when they do and what might prompt them to delay their retirement. Online interviewing for the survey was conducted by Greenwald & Associates between March 24 and April 7, 2008. Completed responses from 5,722 retirees were received to the survey, for an overall response rate of 30 percent. Individual company response rates ranged between 22 and 41 percent.
According to a 2008 survey of recent retirees, "many retirees report they would have been open to an approach from their employer asking them to stay longer with the company. Sixty-one percent say they would have viewed the experience positively. Just 10 percent indicate they would have reacted…
According to a 2008 survey of recent retirees, "many retirees report they would have been open to an approach from their employer asking them to stay longer with the company. Sixty-one percent say they would have viewed the experience positively. Just 10 percent indicate they would have reacted negatively to an approach asking them to delay their retirement." (p. 3)
Helman, R., Copeland, C., VanDerhei, J., & Salisbury, D. (2008). EBRI 2008 recent retirees survey: Report of findings (Issue Brief No. 319). Washington, DC: Employee Benefit Research Institute. Retrieved from http://www.ebri.org/pdf/briefspdf/EBRI_IB_07-2008.pdf
This report presents the results of a survey conducted by Mathew Greenwald & Associates, Inc., on behalf of the Employee Benefit Research Institute (EBRI) to examine the factors that cause aerospace and defense industry workers to retire when they do and what might prompt them to delay their retirement. Online interviewing for the survey was conducted by Greenwald & Associates between March 24 and April 7, 2008. Completed responses from 5,722 retirees were received to the survey, for an overall response rate of 30 percent. Individual company response rates ranged between 22 and 41 percent.
According to a 2008 Pew Research Center survey, "the average worker expects to retire at age 61, while the average retiree actually retired at 57.8. (p. 1)
According to a 2008 Pew Research Center survey, "the average worker expects to retire at age 61, while the average retiree actually retired at 57.8. (p. 1)
Pew Research Center. (2008). Working after retirement: The gap between expectations and reality. Washington, DC: PewResearch Center. Retrieved from http://pewresearch.org/assets/social/pdf/Retirement.pdf
Results for this survey are based on telephone interviews conducted with a nationally representative sample of adults, ages 18 years and older, living in continental U.S. telephone households. The sample design included a representative sample of 1,182 respondents and an oversample of 821 respondents ages 18 to 64. The data are weighted to produce a final sample that is representative of the general population of adults in the continental United States. Interviews were conducted June 20-July 16, 2008.
Based on a 2008 analysis of data gathered from the Health and Retirement Study, 18% of men and 14% of women in full-time career positions who received inheritances (particularly, large ones) decided to transition to self-employment. The number of men and women without inheritances who…
Based on a 2008 analysis of data gathered from the Health and Retirement Study, 18% of men and 14% of women in full-time career positions who received inheritances (particularly, large ones) decided to transition to self-employment. The number of men and women without inheritances who transitions to self-employment were 12% and 10%, respectively. (Fig. 9, p. 8)
Giandrea, M. D., Cahill, K. E., & Quinn, J. F. (2008). Self employment as a step in the retirement process (Issue Brief No. 15). Chestnut Hill, MA: The Sloan Center on Aging and Work at Boston College. Retrieved from http://agingandwork.bc.edu/documents/IB15_SelfEmployment_Retire.pdf
This 2008 Issue Brief discusses the reasons and benefits supporting the transition from wage-and-salary work to self-employment, specifically for older workers as an alternative to complete retirement. Accompanying the discussion is analysis of statistics on several factors taken from the Health and Retirement Study, such as health status and education level, that affect a worker's decision on whether or not to enter self-employment.
Based on a 2008 analysis of data gathered from the Health and Retirement Study, "transitions into self employment were relatively common among college-educated men, where 22% who had left a FTC wage-and-salary job transitioned to self employment. Conversely, among wage-and-salary men with less…
Based on a 2008 analysis of data gathered from the Health and Retirement Study, "transitions into self employment were relatively common among college-educated men, where 22% who had left a FTC wage-and-salary job transitioned to self employment. Conversely, among wage-and-salary men with less than a college degree, only 10% moved to self employment when they left their FTC job.15% of female wage-and-salary workers with a college degree transitioned to self-employment, while only 9% of non-college-educated women did the same." (Fig. 6, p. 6)
Giandrea, M. D., Cahill, K. E., & Quinn, J. F. (2008). Self employment as a step in the retirement process (Issue Brief No. 15). Chestnut Hill, MA: The Sloan Center on Aging and Work at Boston College. Retrieved from http://agingandwork.bc.edu/documents/IB15_SelfEmployment_Retire.pdf
This 2008 Issue Brief discusses the reasons and benefits supporting the transition from wage-and-salary work to self-employment, specifically for older workers as an alternative to complete retirement. Accompanying the discussion is analysis of statistics on several factors taken from the Health and Retirement Study, such as health status and education level, that affect a worker's decision on whether or not to enter self-employment.
Based on a 2008 analysis of data gathered from the Health and Retirement Study, 23% of male full-time career (FTC) workers in self-employment positions in 1992 were still in that position in 2004. 23% of those workers transitioned to a self-employment bridge job, 32% moved to a wage-and-salary…
Based on a 2008 analysis of data gathered from the Health and Retirement Study, 23% of male full-time career (FTC) workers in self-employment positions in 1992 were still in that position in 2004. 23% of those workers transitioned to a self-employment bridge job, 32% moved to a wage-and-salary job, and 22% left the labor force directly from that FTC job. (Fig. 4, p. 4)
Giandrea, M. D., Cahill, K. E., & Quinn, J. F. (2008). Self employment as a step in the retirement process (Issue Brief No. 15). Chestnut Hill, MA: The Sloan Center on Aging and Work at Boston College. Retrieved from http://agingandwork.bc.edu/documents/IB15_SelfEmployment_Retire.pdf
This 2008 Issue Brief discusses the reasons and benefits supporting the transition from wage-and-salary work to self-employment, specifically for older workers as an alternative to complete retirement. Accompanying the discussion is analysis of statistics on several factors taken from the Health and Retirement Study, such as health status and education level, that affect a worker's decision on whether or not to enter self-employment.
According to a 2008 Gallup survey, "only 11% of small-business owners say they plan to retire and stop working in their businesses in the long run. 40% say "they will continue to work as long as their health allows them to do so...Another 47% say they eventually plan to cut back on the work they…
According to a 2008 Gallup survey, "only 11% of small-business owners say they plan to retire and stop working in their businesses in the long run. 40% say "they will continue to work as long as their health allows them to do so...Another 47% say they eventually plan to cut back on the work they do but maintain their involvement in their businesses."
Jacobe, D. (2008). Most small business owners don't plan to "fully" retire. Princeton, NJ: Gallup Organization. Retrieved from http://www.gallup.com/poll/104866/Four-SmallBusiness-Owners-Dont-Plan-Retire.aspx
Results for the total dataset are based on telephone interviews with 600 small-business owners, conducted Oct. 4-14, 2007. Other results are based on telephone interviews with 1,008 national adults, conducted April 2-5, 2007.
Based on a 2008 analysis of data from the Health and Retirement Study, less than 10% of male wage-and-salary workers making less than $10/hour switched to self-employment, while 18% of workers making $20-$50/hour did so. The trend was the same for female workers, although the difference was not…
Based on a 2008 analysis of data from the Health and Retirement Study, less than 10% of male wage-and-salary workers making less than $10/hour switched to self-employment, while 18% of workers making $20-$50/hour did so. The trend was the same for female workers, although the difference was not as large. (Fig. 7, p. 6)
Giandrea, M. D., Cahill, K. E., & Quinn, J. F. (2008). Self employment as a step in the retirement process (Issue Brief No. 15). Chestnut Hill, MA: The Sloan Center on Aging and Work at Boston College. Retrieved from http://agingandwork.bc.edu/documents/IB15_SelfEmployment_Retire.pdf
This 2008 Issue Brief discusses the reasons and benefits supporting the transition from wage-and-salary work to self-employment, specifically for older workers as an alternative to complete retirement. Accompanying the discussion is analysis of statistics on several factors taken from the Health and Retirement Study, such as health status and education level, that affect a worker's decision on whether or not to enter self-employment.
Based on a 2008 analysis of data gathered from the Health and Retirement Study, 17% of female full-time career (FTC) workers in self-employment positions in 1992 were still in that position in 2004. 27% of those workers transitioned to a self-employment bridge job, 32% moved to a wage-and-…
Based on a 2008 analysis of data gathered from the Health and Retirement Study, 17% of female full-time career (FTC) workers in self-employment positions in 1992 were still in that position in 2004. 27% of those workers transitioned to a self-employment bridge job, 32% moved to a wage-and-salary job, and 24% left the labor force directly from that FTC job. (Fig. 4, p. 4)
Giandrea, M. D., Cahill, K. E., & Quinn, J. F. (2008). Self employment as a step in the retirement process (Issue Brief No. 15). Chestnut Hill, MA: The Sloan Center on Aging and Work at Boston College. Retrieved from http://agingandwork.bc.edu/documents/IB15_SelfEmployment_Retire.pdf
This 2008 Issue Brief discusses the reasons and benefits supporting the transition from wage-and-salary work to self-employment, specifically for older workers as an alternative to complete retirement. Accompanying the discussion is analysis of statistics on several factors taken from the Health and Retirement Study, such as health status and education level, that affect a worker's decision on whether or not to enter self-employment.
Based on a 2008 analysis of data gathered from the Health and Retirement Study, 11% of male full-time career (FTC) workers in wage-and-salary positions in 1992 were still in that position in 2004. 10% of those workers transitioned to self-employment, 32% moved to a different wage-and-salary job…
Based on a 2008 analysis of data gathered from the Health and Retirement Study, 11% of male full-time career (FTC) workers in wage-and-salary positions in 1992 were still in that position in 2004. 10% of those workers transitioned to self-employment, 32% moved to a different wage-and-salary job, and 47% left the labor force directly from that FTC job. (Fig. 4, p. 4)
Giandrea, M. D., Cahill, K. E., & Quinn, J. F. (2008). Self employment as a step in the retirement process (Issue Brief No. 15). Chestnut Hill, MA: The Sloan Center on Aging and Work at Boston College. Retrieved from http://agingandwork.bc.edu/documents/IB15_SelfEmployment_Retire.pdf
This 2008 Issue Brief discusses the reasons and benefits supporting the transition from wage-and-salary work to self-employment, specifically for older workers as an alternative to complete retirement. Accompanying the discussion is analysis of statistics on several factors taken from the Health and Retirement Study, such as health status and education level, that affect a worker's decision on whether or not to enter self-employment.
Based on a 2008 analysis of data gathered from the Health and Retirement Study, approximately 19% of male wage-and-salary workers in white-collar, highly-skilled positions transitioned to self-employment, while 5% of workers in blue-collar, not highly-skilled positions did the same. 16% of…
Based on a 2008 analysis of data gathered from the Health and Retirement Study, approximately 19% of male wage-and-salary workers in white-collar, highly-skilled positions transitioned to self-employment, while 5% of workers in blue-collar, not highly-skilled positions did the same. 16% of workers in white collar, not highly-skilled positions transitioned to self-employment, as did 10% of blue collar, high-skilled workers. (Fig. 8, p. 7)
Giandrea, M. D., Cahill, K. E., & Quinn, J. F. (2008). Self employment as a step in the retirement process (Issue Brief No. 15). Chestnut Hill, MA: The Sloan Center on Aging and Work at Boston College. Retrieved from http://agingandwork.bc.edu/documents/IB15_SelfEmployment_Retire.pdf
This 2008 Issue Brief discusses the reasons and benefits supporting the transition from wage-and-salary work to self-employment, specifically for older workers as an alternative to complete retirement. Accompanying the discussion is analysis of statistics on several factors taken from the Health and Retirement Study, such as health status and education level, that affect a worker's decision on whether or not to enter self-employment.
Based on a 2008 analysis of data from the Health and Retirement Study, male and female wage-and-salary workers are less likely to become self-employed if they describe their health as "fair/poor" as opposed to "good" or "excellent." (Fig. 5, p. 5)
…
Based on a 2008 analysis of data from the Health and Retirement Study, male and female wage-and-salary workers are less likely to become self-employed if they describe their health as "fair/poor" as opposed to "good" or "excellent." (Fig. 5, p. 5)
Giandrea, M. D., Cahill, K. E., & Quinn, J. F. (2008). Self employment as a step in the retirement process (Issue Brief No. 15). Chestnut Hill, MA: The Sloan Center on Aging and Work at Boston College. Retrieved from http://agingandwork.bc.edu/documents/IB15_SelfEmployment_Retire.pdf
This 2008 Issue Brief discusses the reasons and benefits supporting the transition from wage-and-salary work to self-employment, specifically for older workers as an alternative to complete retirement. Accompanying the discussion is analysis of statistics on several factors taken from the Health and Retirement Study, such as health status and education level, that affect a worker's decision on whether or not to enter self-employment.
Based on a 2008 analysis of data gathered from the Health and Retirement Study, 17% of female full-time career (FTC) workers in wage-and-salary positions in 1992 were still in that position in 2004. 27% of those workers transitioned to self-employment, 32% moved to a different wage-and-salary…
Based on a 2008 analysis of data gathered from the Health and Retirement Study, 17% of female full-time career (FTC) workers in wage-and-salary positions in 1992 were still in that position in 2004. 27% of those workers transitioned to self-employment, 32% moved to a different wage-and-salary job, and 24% left the labor force directly from that FTC job. (Fig. 4, p. 4)
Giandrea, M. D., Cahill, K. E., & Quinn, J. F. (2008). Self employment as a step in the retirement process (Issue Brief No. 15). Chestnut Hill, MA: The Sloan Center on Aging and Work at Boston College. Retrieved from http://agingandwork.bc.edu/documents/IB15_SelfEmployment_Retire.pdf
This 2008 Issue Brief discusses the reasons and benefits supporting the transition from wage-and-salary work to self-employment, specifically for older workers as an alternative to complete retirement. Accompanying the discussion is analysis of statistics on several factors taken from the Health and Retirement Study, such as health status and education level, that affect a worker's decision on whether or not to enter self-employment.
According to a 2008 analysis of Health and Retirement Study data from 1992-2004, workers aged 63-73 were more likely to be male or female self-employed full-time career (FTC) workers than male or female wage-and-salary workers. More than 60% of self-employed FTC men and women were still working…
According to a 2008 analysis of Health and Retirement Study data from 1992-2004, workers aged 63-73 were more likely to be male or female self-employed full-time career (FTC) workers than male or female wage-and-salary workers. More than 60% of self-employed FTC men and women were still working while aged 63-73, while less than 50% of wage-and-salary male and female workers were still working at the same age. (Fig. 2, p. 3)
Giandrea, M. D., Cahill, K. E., & Quinn, J. F. (2008). Self employment as a step in the retirement process (Issue Brief No. 15). Chestnut Hill, MA: The Sloan Center on Aging and Work at Boston College. Retrieved from http://agingandwork.bc.edu/documents/IB15_SelfEmployment_Retire.pdf
This 2008 Issue Brief discusses the reasons and benefits supporting the transition from wage-and-salary work to self-employment, specifically for older workers as an alternative to complete retirement. Accompanying the discussion is analysis of statistics on several factors taken from the Health and Retirement Study, such as health status and education level, that affect a worker's decision on whether or not to enter self-employment.
According to a 2008 report on the impact of a slowing economy by AARP, postponing of plans to retire was reported by 24% of workers aged 45-54, 19% of workers aged 55-64, and 5% of workers 65+ . (Table 2, p. 7)
…
According to a 2008 report on the impact of a slowing economy by AARP, postponing of plans to retire was reported by 24% of workers aged 45-54, 19% of workers aged 55-64, and 5% of workers 65+ . (Table 2, p. 7)
Love, J. (2008). The economic slowdown's impact on middle-aged and older americans. Washington, DC: AARP Knowledge Management. Retrieved from http://assets.aarp.org/rgcenter/econ/economy_survey.pdf
This 2008 AARP report sought to understand how the slowing economy is affecting the lives and plans of middle aged and older Americans. This survey was conducted April 12 through April 23 among a nationally representative sample of 1,002 adults aged 45 years and over.
According to a 2006 MetLife report on caregiving costs, "at least 6 out of 10 employed caregivers reported that they had made some work-related adjustments as a result of their caregiving responsibilities. An estimated 9% of the caregivers who were employed left the workplace as a result of…
According to a 2006 MetLife report on caregiving costs, "at least 6 out of 10 employed caregivers reported that they had made some work-related adjustments as a result of their caregiving responsibilities. An estimated 9% of the caregivers who were employed left the workplace as a result of their caregiving responsibilities; 3% took early retirement and 6% left work entirely. An additional 10% of the employed caregivers reduced their hours from full-time to part-time. (p. 5)
MetLife Mature Market Institute, & National Alliance for Caregiving. (2006). The MetLife caregiving cost study: Productivity losses to U.S. businesses. Westport, CT: MetLife. Retrieved from http://www.caregiving.org/data/Caregiver%20Cost%20Study.pdf
This study estimates the productivity losses to U.S. business of employees who must make workplace accommodations as a result of caregiving responsibilities. These include costs associated with replacing employees, absenteeism, crisis in care, workday interruptions, supervisory time, unpaid leave, and reducing hours from full-time to part-time.
In a 2006 survey of more than 3,000 US retirees and preretirees, a full 40 percent were forced to stop working earlier than they had planned, largely because of health problems (their own or a family member's) or the loss of a job (Exhibit 1).
In a 2006 survey of more than 3,000 US retirees and preretirees, a full 40 percent were forced to stop working earlier than they had planned, largely because of health problems (their own or a family member's) or the loss of a job (Exhibit 1).
Hunt, D. A., Revell, J., & Rotenberg, J. (2007). What US workers don't know about retirement. McKinsey Quarterly, Retrieved from http://www.mckinseyquarterly.com/What_US_workers_dont_know_about_retirement_1898
McKinsey surveyed "more than 3,000 US retirees and preretirees, with a sampling that includes a broad representation of the approximately 76 million baby boomers now nearing retirement. Our research examined their retirement plans and concerns, as well as their patterns of interaction with financial-services firms over time. The respondents ranged from 40 to 75 years old and had investable assets of $1,000 to $2.5 million per household."
In a 2006 survey of more than 3,000 US retirees and preretirees, reasons for unplanned early retirement "vary by wealth level. More than half of the respondents with less than $250,000 in investable assets, for example, cited health problems as the cause of their forced retirement. By contrast,…
In a 2006 survey of more than 3,000 US retirees and preretirees, reasons for unplanned early retirement "vary by wealth level. More than half of the respondents with less than $250,000 in investable assets, for example, cited health problems as the cause of their forced retirement. By contrast, more than two-thirds of the respondents with upward of $1 million in assets identified the loss of a job--through downsizing, for example--as the reason they had to stop working." (Exhibit 2)
Hunt, D. A., Revell, J., & Rotenberg, J. (2007). What US workers don't know about retirement. McKinsey Quarterly, http://www.mckinseyquarterly.com/What_US_workers_dont_know_about_retirement_1898
McKinsey surveyed "more than 3,000 US retirees and preretirees, with a sampling that includes a broad representation of the approximately 76 million baby boomers now nearing retirement. Our research examined their retirement plans and concerns, as well as their patterns of interaction with financial-services firms over time. The respondents ranged from 40 to 75 years old and had investable assets of $1,000 to $2.5 million per household."
According to a 2008 survey of small business owners, "21% of small business owners said at least 5 percent of their workers are ages 60 to 64...compared to 16% last year. And more businesses this year said older workers are delaying retirement; 37% versus 18% in 2007. Only 4% said that some…
According to a 2008 survey of small business owners, "21% of small business owners said at least 5 percent of their workers are ages 60 to 64...compared to 16% last year. And more businesses this year said older workers are delaying retirement; 37% versus 18% in 2007. Only 4% said that some workers would retire before age 65."
National Association of Professional Employee Organizations. (2008). Report on the February 2008 survey of small businesses: Small businesses outpace larger ones in planning for impact of aging workforce. Alexandria, VA: NAPEO. Retrieved from http://www.napeo.org/newscenter/research.cfm
404 small business owners participated voluntarily in the February 2008 survey conducted by the National Association of Professional Employer Organizations [NAPEO]. "Three-quarters of the 404 businesses in the NAPEO survey have 50 or fewer workers; of these, 31 percent have 10 or fewer, 24 percent, 11-20 workers, and 21 percent, 21-50. The other quarter have 50 or more, with 11 percent reporting 100 or more."
In a 2006 survey of more than 3,000 US retirees and preretirees, while "almost half of all respondents expect to work past age 65, only 13 percent of current retirees have done so. Preretirees expect, on average, to work full time until age 67, but the average actual age at retirement is only 59…
In a 2006 survey of more than 3,000 US retirees and preretirees, while "almost half of all respondents expect to work past age 65, only 13 percent of current retirees have done so. Preretirees expect, on average, to work full time until age 67, but the average actual age at retirement is only 59." (paragraph 2)
Hunt, D. A., Revell, J., & Rotenberg, J. (2007). What US workers don't know about retirement. McKinsey Quarterly, Retrieved from http://www.mckinseyquarterly.com/What_US_workers_dont_know_about_retirement_1898
McKinsey surveyed "more than 3,000 US retirees and preretirees, with a sampling that includes a broad representation of the approximately 76 million baby boomers now nearing retirement. Our research examined their retirement plans and concerns, as well as their patterns of interaction with financial-services firms over time. The respondents ranged from 40 to 75 years old and had investable assets of $1,000 to $2.5 million per household."
According to a 2008 survey of small business, "nearly 37% of those surveyed said their workers ages 60-64 are waiting until later to retire; and their leading reason is they enjoy working, even though they could afford to retire."
According to a 2008 survey of small business, "nearly 37% of those surveyed said their workers ages 60-64 are waiting until later to retire; and their leading reason is they enjoy working, even though they could afford to retire."
National Association of Professional Employee Organizations. (2008). Report on the february 2008 survey of small businesses: Small businesses outpace larger ones in planning for impact of aging workforce. Alexandria, VA: NAPEO. Retrieved from http://www.napeo.org/newscenter/research.cfm
Approximately 400 small business owners participated voluntarily in the February 2008 survey conducted by the National Association of Professional Employer Organizations [NAPEO]. Three-quarters of the 404 businesses in the NAPEO survey have 50 or fewer workers; of these, 31 percent have 10 or fewer, 24 percent, 11-20 workers, and 21 percent, 21-50. The other quarter have 50 or more, with 11 percent reporting 100 or more.
According to the 2007 EBRI Retirement Confidence Survey "approximately 4 in 10 retirees leave the work force earlier than planned (37 percent in 2007). Reasons for leaving the workforce earlier than expected include health problems or disability (28 percent), changes at their company, such as…
According to the 2007 EBRI Retirement Confidence Survey "approximately 4 in 10 retirees leave the work force earlier than planned (37 percent in 2007). Reasons for leaving the workforce earlier than expected include health problems or disability (28 percent), changes at their company, such as downsizing or closure (28 percent), having to care for a spouse or other family member (25 percent), work-related reasons (18 percent) or obsolete skills (13 percent)." (p. 13)
Helman, R., VanDerhei, J., & Copeland, C. (2007). The retirement system in transition: The 2007 retirement confidence survey (Issue Brief No. 304). Washington, DC: Employee Benefits Research Institute. Retrieved December 8, 2007 from http://www.ebri.org/pdf/briefspdf/EBRI_IB_04a-20075.pdf
These findings are part of the 17th annual Retirement Confidence Survey (RCS), a survey that gauges the views and attitudes of working-age and retired Americans regarding retirement, their preparations for retirement, their confidence with regard to various aspects of retirement, and related issues. The survey was conducted in January 2007 through 21-minute telephone interviews with 1,252 individuals (1,001 workers and 251 retirees) age 25 and older in the United States.
According to the 2007 EBRI Retirement Confidence Survey, "about 4 in 10 workers plan to retire before reaching age 65, 17 percent say they will retire before age 60, and 21 percent plan to retire between the ages of 60 and 64. More than one-quarter of workers say they will retire at age 65 (27…
According to the 2007 EBRI Retirement Confidence Survey, "about 4 in 10 workers plan to retire before reaching age 65, 17 percent say they will retire before age 60, and 21 percent plan to retire between the ages of 60 and 64. More than one-quarter of workers say they will retire at age 65 (27 percent), while one-quarter intend to retire at age 66 or even later (24 percent)." (p. 12)
Helman, R., VanDerhei, J., & Copeland, C. (2007). The retirement system in transition: The 2007 retirement confidence survey (Issue Brief No. 304). Washington, DC: Employee Benefits Research Institute. Retrieved December 8, 2007 from http://www.ebri.org/pdf/briefspdf/EBRI_IB_04a-20075.pdf
These findings are part of the 17th annual Retirement Confidence Survey (RCS), a survey that gauges the views and attitudes of working-age and retired Americans regarding retirement, their preparations for retirement, their confidence with regard to various aspects of retirement, and related issues. The survey was conducted in January 2007 through 21-minute telephone interviews with 1,252 individuals (1,001 workers and 251 retirees) age 25 and older in the United States.
According to a 2002 survey conducted by The Conference Board, approximately one-third of older workers indicated that having access to a telework option would delay their transition into retirement,
According to a 2002 survey conducted by The Conference Board, approximately one-third of older workers indicated that having access to a telework option would delay their transition into retirement,
Parkinson, D. (2002). Voices of experience: Mature workers in the future workforce.
"Anticipating the impact of demographic trends on businesses, The Conference Board has been engaged in research examining the aging population, health care for retired employees, and the opportunities and constraints of employing older workers. The Board convened the Engaging Mature Workers Working Group in September 2000 to address the challenge of maintaining a productive workforce in an aging society. HR executives representing corporate staffing, benefits administration, and diversity management functions at 15 leading companies are lending their expertise to developing business strategies that maximize the talents of mature workers."
A 2008 report of a study evaluating the relationship between health, work environment, and retirement-related job lock finds that "86% of respondents over the age of 55 [who experienced a workplace injury] felt as though they could still keep up with their work and that their health would not…
A 2008 report of a study evaluating the relationship between health, work environment, and retirement-related job lock finds that "86% of respondents over the age of 55 [who experienced a workplace injury] felt as though they could still keep up with their work and that their health would not prevent them from working." (p. 10)
Benjamin, K. L., Pransky, G. S., & Savageau, J. A. (2008). Factors associated with retirement-related job lock in older workers with recent occupational injury. Disability and Rehabilitation, 30(26), 1976-1983.
"Workers completed a mailed, self-report survey about their pre- and post-injury health and functioning, work environment, and retirement plans. Bivariate and multivariate analyses determined those factors associated with retirement-related job lock. A total of 1,524 (51%) questionnaires were returned. Overall response rate, excluding those who could not be contacted or were found to be ineligible for the study, was 53%."
In a 2005 survey of workers aged 55 or older who experienced a workplace injury and lost at least one day of work, 11% reported intent to retire earlier due to their injury. (p. 291)
In a 2005 survey of workers aged 55 or older who experienced a workplace injury and lost at least one day of work, 11% reported intent to retire earlier due to their injury. (p. 291)
Pransky, G. S., Benjamin, K. L., & Savageau, J. A. (2005). Early retirement due to occupational injury: Who is at risk? American Journal of Industrial Medicine, 47, 285.
A self-report survey about occupational, health, and financial outcomes, and related fators was administered 2-8 weeks post-injury to New Hampshire workers aged <55 and >= 55 who had experienced workplace injuries in 2000-2002. Responses from 1032 workers who had lost time from work due to those injuries were analyzed for this study.
A 2008 report of a study evaluating the relationship between health, work environment, and retirement-related job lock finds that "over half of all respondents over the age of 55 [who experienced a workplace injury] reported that they would like to leave work altogether but could not due to…
A 2008 report of a study evaluating the relationship between health, work environment, and retirement-related job lock finds that "over half of all respondents over the age of 55 [who experienced a workplace injury] reported that they would like to leave work altogether but could not due to financial or health benefits constraints (job lock)." (p. 8)
Benjamin, K. L., Pransky, G. S., & Savageau, J. A. (2008). Factors associated with retirement-related job lock in older workers with recent occupational injury. Disability and Rehabilitation, 30(26), 1976-1983.
"Workers completed a mailed, self-report survey about their pre- and post-injury health and functioning, work environment, and retirement plans. Bivariate and multivariate analyses determined those factors associated with retirement-related job lock. A total of 1,524 (51%) questionnaires were returned. Overall response rate, excluding those who could not be contacted or were found to be ineligible for the study, was 53%."
A 2007 analysis of data from the Health and Retirement Survey showed that nearly 50 percent of retirees follow a nontraditional retirement path that involves partial retirement or unretirement, and that 26 percent of retirees later unretire, most commonly about two years after retirement. The…
A 2007 analysis of data from the Health and Retirement Survey showed that nearly 50 percent of retirees follow a nontraditional retirement path that involves partial retirement or unretirement, and that 26 percent of retirees later unretire, most commonly about two years after retirement. The unretirement rate is even higher among younger retirees (as high as 35 percent among those retiring at ages 53-54). (p. 28)
Maestas, Nicole. (2007). Back to work: Expectations and realizations of work after retirement. Rand Working Paper WR-196-2. Retrieved July 5, 2007 from http://www.rand.org/pubs/working_papers/2007/RAND_WR196-2.pdf
Data from the Health and Retirement Survey was used to track and date respondents’ transitions in and out of the labor force over time. The analysis sample of 7000 obervations was composed of members of the initial HRS cohort, who were first interviewed in 1992 when they were between the ages of 51 and 61, and their spouses. Respondents are re-interviewed every two years; therefore thefirst six waves yield data over the period 1992 through 2002.
In a 2007 study using data from the Health and Retirement study, it was found that retirees in their early 50s are about 20 percent more likely than older retirees to have retired involuntarily.
In a 2007 study using data from the Health and Retirement study, it was found that retirees in their early 50s are about 20 percent more likely than older retirees to have retired involuntarily.
Maestas, Nicole. (2007, April). Back to work: Expectations and realizations of work after retirement. Rand Working Paper WR-196-2. Retrieved July 5, 2007 from http://www.rand.org/pubs/working_papers/2007/RAND_WR196-2.pdf
Data from the Health and Retirement Survey was used to track and date respondents’ transitions in and out of the labor force over time. The analysis sample of 7000 obervations was composed of members of the initial HRS cohort, who were first interviewed in 1992 when they were between the ages of 51 and 61, and their spouses. Respondents are re-interviewed every two years; therefore thefirst six waves yield data over the period 1992 through 2002.
Respondents in a 2007 national study of employers reported that "the average retirement age at their company is 59.8 years, and that they expect 10.8% of their employees will retire over the next four years (by 2010)." (p. 4)
Respondents in a 2007 national study of employers reported that "the average retirement age at their company is 59.8 years, and that they expect 10.8% of their employees will retire over the next four years (by 2010)." (p. 4)
Pitt-Catsouphes, M., Smyer, M. A., Matz-Costa, C., & Kane, K. (2007). The national study report: Phase II of the national study of business strategy and workforce development (Research Highlight No. 04). Chestnut Hill, MA: The Center on Aging & Work/Workplace Flexibility. Retrieved August 22, 2007 from http://agingandwork.bc.edu/documents/RH04_NationalStudy_03-07_004.pdf
The National Study of Business Strategy and Workforce Development is a 2007 study carried out by The Center on Aging & Work/Workplace Flexibility at Boston College. Human resource professionals at 578 non-governmental organizations with 50 or more employees completed a survey about their organization's response to the aging workforce. At these organizations, approximately three-fourths of the employees were full-time, almost half were women and one-third were members of a racial/ethnic minority group.
According to a 2006 Urban Institute report, "close to 50 percent of workers age 60-64 either want to stop working or change their current work, compared with 30 percent of workers 65-69 and only 15 percent of workers age 70 and older." (p.3)
According to a 2006 Urban Institute report, "close to 50 percent of workers age 60-64 either want to stop working or change their current work, compared with 30 percent of workers 65-69 and only 15 percent of workers age 70 and older." (p.3)
Butrica, B., Schaner, S.G., & Zedlewski, S.R. (2006). Enjoying the golden work years: Perspectives on productive Aging. Policy Brief 6. Washington, DC: Urban Institute. Retrieved June 6, 2007 from http://www.urban.org/UploadedPDF/311324_golden_work_years.pdf
"This Perspective offers additional insight into work at older ages. Data from the 2002 Health and Retirement Study (HRS)1 are used to examine job characteristics and attitudes about work among adults age 60 and older and to explore whether richer and poorer workers differ. Findings include substantial increases in the number of working adults who report being self-employed as age increases." (p.1)
A 2003 AARP study found that when asked what they plan to do in retirement, nearly 70% of 50-70 years olds who have not yet retired reported that they planned to work in their retirement years or never retire, and almost half indicate they envisioned working into their 70s or beyond. (p.4)
A 2003 AARP study found that when asked what they plan to do in retirement, nearly 70% of 50-70 years olds who have not yet retired reported that they planned to work in their retirement years or never retire, and almost half indicate they envisioned working into their 70s or beyond. (p.4)
Brown, S.K. (2003). Staying ahead of the curve 2003: The AARP Working in Retirement Study (Executive Summary). Washington, DC: AARP Knowledge Management. Retrieved June 6, 2007 from http://assets.aarp.org/rgcenter/econ/multiwork_2003_1.pdf
"AARP conducted a telephone survey of 2,001 individuals between the ages of 50 and 70 years old who are employed on a full-time or part-time basis. Of the individuals interviewed, more than eight in ten (85%) have never retired from a job; and fifteen percent report that they have retired from a job but either remained in the workforce after rehiring or have since returned to the workforce. The phone interviews, which were conducted by RoperASW using random digit dialing, took place from April 9 through June 5, 2003." (p.4)
A 2007 study based on data from the Health and Retirement study found that 55 percent of older workers (born between 1931and 1941) had accurate expectations about post-retirement work [i.e., expected to work and did work after retirement], compared to 37 percent who expected to work but did not…
A 2007 study based on data from the Health and Retirement study found that 55 percent of older workers (born between 1931and 1941) had accurate expectations about post-retirement work [i.e., expected to work and did work after retirement], compared to 37 percent who expected to work but did not and 8 percent who did not expect to work but did. (Table 3)
Maestas, Nicole. (2007, April). Back to work: Expectations and realizations of work after retirement. Rand Working Paper WR-196-2. Retrieved July 5, 2007 from http://www.rand.org/pubs/working_papers/2007/RAND_WR196-2.pdf
"This paper analyzes a puzzling aspect of retirement behavior known as "unretirement," in which retirees appear to reverse their retirement decisions and return to work." Data from the Health and Retirement Survey was used to track and date respondents’ transitions in and out of the labor force over time. The analysis sample of 7000 obervations was composed of members of the initial HRS cohort, who were first interviewed in 1992 when they were between the ages of 51 and 61, and their spouses. Respondents are re-interviewed every two years; therefore thefirst six waves yield data over the period 1992 through 2002.
According to a 2007 analysis of the National Study of Business Strategy and Workforce Development, just over a third of the employers (37.0%) stated that they had adopted strategies to encourage late-career employees to work past the normal retirement age to a "moderate" or "great" extent. (p.…
According to a 2007 analysis of the National Study of Business Strategy and Workforce Development, just over a third of the employers (37.0%) stated that they had adopted strategies to encourage late-career employees to work past the normal retirement age to a "moderate" or "great" extent. (p. 17)
Pitt-Catsouphes, M., Smyer, M. A., Matz-Costa, C., & Kane, K. (2007). The national study report: Phase II of the national study of business strategy and workforce development (Research Highlight No. 04).
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-size: 8pt; font-family: Arial;">The National Study of Business Strategy and Workforce Development is a 2007 study carried out by The Center on Aging & Work/Workplace Flexibility at <st1:place w:st="on"><st1:placename w:st="on">Boston</st1:placename> <st1:placetype w:st="on">College</st1:placetype></st1:place>. Human resource professionals at 578 non-governmental organizations with 50 or more employees completed a survey about their organization's response to the aging workforce. At these organizations, approximately three-fourths of the employees were full-time, almost half were women and one-third were members of a racial/ethnic minority group.<o:p></o:p></span></p>
According to a 2006 report, "Delayed retirement and work during retirement have become more and more crucial to the income picture of those over 65, with earnings rising from a low of 17 percent in 1988 to 27 percent in 2004." (p.6)
According to a 2006 report, "Delayed retirement and work during retirement have become more and more crucial to the income picture of those over 65, with earnings rising from a low of 17 percent in 1988 to 27 percent in 2004." (p.6)
Munnell, A. H., & Perun, P. (2006). An update on private pensions (Issue Brief No. 50). Chestnut Hill, MA: Center for Retirement Research at Boston College. Retrieved from http://crr.bc.edu/images/stories/Briefs/ib_50.pdf?phpMyAdmin=43ac483c4de9t51d9eb41
Using primarily the 1980 through 2005 Current Population Survey data, ”this brief…explores who is covered by a pension plan and who is not, how much retirees receive in pension income, and how pension coverage and receipt have changed over time. The key finding is that total pension coverage has continued to shift to 401(k) plans. These developments, coupled with declining levels of earnings replacement under Social Security, mean that future retirees will have to work longer if they want to maintain their pre-retirement standard of living in retirement." (p.1)
A study by Smith and Moen (2004) found that "when retired husbands perceive their wives as influential, the odds of the husbands reporting retirement satisfaction are more than two times greater than retired husbands with noninfluential wives." (p. 276)
A study by Smith and Moen (2004) found that "when retired husbands perceive their wives as influential, the odds of the husbands reporting retirement satisfaction are more than two times greater than retired husbands with noninfluential wives." (p. 276)
Moen, P. & Smith, D. (2004, March). Retirement satisfaction for retirees and their spouses: Do gender and the retirement decision-making process matter? Journal of Family Issues, 25(2), 262-285.
"This study investigates factors related to retirees' and their spouses' individual and joint retirement satisfaction using decision-making theory and a life course perspective. The sample includes 421 retired respondents (ages 50 to 72) and their spouses from the Cornell Retirement and Well-Being Study." (p.262)
According to a 2005 Congressional Research Service report, "there is a rapid decline of labor force activity as workers reach their late 50s (55-59)--the approximate age when many buy-outs and some private pension plans allow for early retirement. This is reflected in a pronounced drop in labor…
According to a 2005 Congressional Research Service report, "there is a rapid decline of labor force activity as workers reach their late 50s (55-59)--the approximate age when many buy-outs and some private pension plans allow for early retirement. This is reflected in a pronounced drop in labor force participation of just under 9 percentage points (from 80.2% to 71.3%) from what was reported for workers in their early 50s. This drop is followed by a subsequent 10 precentage point drop as workers enter their early 60s, when widow(er)s' Social Security benefits become available. For the age group who are eligible for early retirement (ages 62-64), their is another large decline in labor force participation of over 16 percentage points." (p.5)
"For the purposes of this report, the term worker refers to all participants in the labor market." (p.6)
U.S. Congressional Research Service. (2005). The Library of Congress: Issues in Aging: Unemployment and Older Workers (RL32757; Jan. 31, 2005), by Julie Whittaker. Text in CRS Web. Retrieved September 10, 2006, from http://www.opencrs.com/rpts/RL32757_20050131.pdf
"This report examines how unemployment has a different impact on the older worker. As workers age, negative--but previously temporary--events such as unemployment may push otherwise firmly entrenched workers out of the labor force. While older workers are less likely than others to experience a spell of unemployment, those older workers who do experience unemployment have a higher incidence of withdrawing from the labor market."
A study by Moen, Kim, and Hofmeister (2001) found that of their respondents, "Almost one-fifth (17.6%) of married respondents…are currently in jobs subsequent to their primary career job; this fact indicates that the retirement exit is becoming increasingly blurred." (p.60)
A study by Moen, Kim, and Hofmeister (2001) found that of their respondents, "Almost one-fifth (17.6%) of married respondents…are currently in jobs subsequent to their primary career job; this fact indicates that the retirement exit is becoming increasingly blurred." (p.60)
Moen, P., Kim, J., & Hofmeister, H. (2001, March). Couples' work/retirement transitions, gender, and marital quality. Social Psychology Quaterly, 64(1), 55-71.
Using data from both the first (1994-1995) and second (1996-1997) waves of the Cornell Retirement and Well-being Study, this paper explored "whether couples' [individuals between the ages of 50 and 72] employment/retirement circumstances predict marital quality differently for men and for women." (p.55, 58)
A study by Moen and Smith (2004) found that "a female retiree is more than five times more likely to report being satisfied when she reported that her husband was not influential in the retirement decision; conversely, retired husbands who perceived their wives as influential are more likely to…
A study by Moen and Smith (2004) found that "a female retiree is more than five times more likely to report being satisfied when she reported that her husband was not influential in the retirement decision; conversely, retired husbands who perceived their wives as influential are more likely to report being satisfied [in retirement." (p. 274)
Moen, P. & Smith, D. (2004, March). Retirement satisfaction for retirees and their spouses: Do gender and the retirement decision-making process matter? Journal of Family Issues, 25(2), 262-285.
"This study investigates factors related to retirees' and their spouses' individual and joint retirement satisfaction using decision-making theory and a life course perspective. The sample includes 421 retired respondents (ages 50 to 72) and their spouses from the Cornell Retirement and Well-Being Study." (p.262)
In 2005, 2.2% of the workforce aged 45-54 was retired. In 2005, 20.7% of the workforce aged 55-64 was retired. In 2005, 69.8% of the workforce aged 65-74 was retired. In 2005, 86.5% of the workforce aged 75-84 was retired. In 2005, 90.8% of the workforce aged 85-94 was retired. In 2005, 12.0% of…
In 2005, 2.2% of the workforce aged 45-54 was retired. In 2005, 20.7% of the workforce aged 55-64 was retired. In 2005, 69.8% of the workforce aged 65-74 was retired. In 2005, 86.5% of the workforce aged 75-84 was retired. In 2005, 90.8% of the workforce aged 85-94 was retired. In 2005, 12.0% of the workforce was retired.
Havens, J. (2006). [Analysis of the U.S. Census Current Population Survey for March 2005]. Unpublished raw data. Center on Wealth and Philanthropy for the Center on Aging & Work / Workplace Flexibility. Boston College, Chestnut Hill, MA
"The Current Population Survey (CPS) is a monthly survey of about 50,000 households conducted by the Bureau of the Census for the Bureau of Labor Statistics. The survey has been conducted for more than 50 years. The CPS is the primary source of information on the labor force characteristics of the U.S. population. The sample is scientifically selected to represent the civilian noninstitutional population. Respondents are interviewed to obtain information about the employment status of each member of the household 15 years of age and older. However, published data focus on those ages 16 and over. The sample provides estimates for the nation as a whole and serves as part of model-based estimates for individual states and other geographic areas. Estimates obtained from the CPS include employment, unemployment, earnings, hours of work, and other indicators...They are available by a variety of demographic characteristics including age, sex, race, marital status, and educational attainment...occupation, industry, and class of worker."<br>
According to a 2001 RAND report, 25 percent of people retiring between ages 50 and 58 cited poor health as an important reason for their retirement decisions, compared with 35 percent of those retiring between ages 59 to 61. (p.35, Table 12)
According to a 2001 RAND report, 25 percent of people retiring between ages 50 and 58 cited poor health as an important reason for their retirement decisions, compared with 35 percent of those retiring between ages 59 to 61. (p.35, Table 12)
Haider, S., & Loughran, D. (2001). Elderly labor supply: Work or play? RAND working paper series, DRU-2582.
"In this paper, we directly examine three questions about elderly labor force participation as a first step in the beginning to understand what drives labor supply in this population: Who among the elderly works, what are their job characteristics, and which elderly exit the labor force? We answer these questions relying on three data sets, the annual March demographic supplements to the Current Population Survey (CPS), the Health and Retirement Study (HRS), and the Asset and Health Dynamics Among the Oldest Old (AHEAD)."
According to a 2003 AARP report, 53% of the workers aged 50-70 surveyed expect to continue working until the age of 70, and 27% of workers surveyed expect to continue until the age of 80. (p.59)
According to a 2003 AARP report, 53% of the workers aged 50-70 surveyed expect to continue working until the age of 70, and 27% of workers surveyed expect to continue until the age of 80. (p.59)
AARP. (2003, September). Staying Ahead of the Curve 2003: The AARP Working in Retirement Study. Washington, D.C.: Brown, S.K. Retrieved July 25, 2006 from http://www.aarp.org/money/careers/employerresourcecenter/researchanddata/a2004-08-02-curve2003.html
"In order to better understand the specific types of jobs that workers envision holding in retirement, explore today's definition of retirement, and learn more about the workplace experiences and desires of current working retirees, AARP recently conducted a nationwide telephone survey of 2,001 individuals between the ages of 50 and 70 years old who are employed on a full-time or part-time basis."
In a 2005 AARP survey of Americans age 50 and older, 38% expressed interest in the concept phased retirement. In addition, 78% of those surveyed interested in phased retirement stated the availability of such programs would encourage them to work beyond their anticipated retirement age. (p.3)…
In a 2005 AARP survey of Americans age 50 and older, 38% expressed interest in the concept phased retirement. In addition, 78% of those surveyed interested in phased retirement stated the availability of such programs would encourage them to work beyond their anticipated retirement age. (p.3)
AARP. (2005, March). Attitudes of individuals 50 and older toward phased retirement. Research report. Washington, DC: Brown, S.K. Retrieved June 1, 2006 from http://www.aarp.org/research/work/retirement/Articles/attitudes_of_individuals_50_and_older_toward_phase.html
"This survey of individuals ages 50 and older was designed to gauge reactions to the concept of phased retirement and to determine the extent to which phased retirement would encourage workers near traditional retirement age to remain in the workforce longer than they would have otherwise. The sample included respondents who are working as well as respondents who are retired."
According to a 2005 survey conducted by the AARP, "three in four (75%) [workers 50-65 who plan to work beyond age 65] are working for someone other than themselves, and approximately one-quarter (24%) are either self-employed or an owner or partner in a small business or farm." (p.6)
According to a 2005 survey conducted by the AARP, "three in four (75%) [workers 50-65 who plan to work beyond age 65] are working for someone other than themselves, and approximately one-quarter (24%) are either self-employed or an owner or partner in a small business or farm." (p.6)
AARP. (2005, March). Attitudes of individuals 50 and older toward phased retirement. Research report. Washington, DC: Brown, K.S. Retrieved June 1, 2006, from http://www.aarp.org/research/work/retirement/Articles/attitudes_of_individuals_50_and_older_toward_phase.html
"This survey of individuals ages 50 and older was designed to gauge reactions to the concept of phased retirement as outlined and to determine the extent to which phased retirement would encourage workers near traditional retirement age to remain in the workforce longer than they would have otherwise...Conducted from January 6th through January 15th 2005, the survey was fielded to panel members who were ages 50 or older...A total of 2,167 individuals participated in the survey. Of all respondents, approximately one-third were workers between the ages of 50 and 65 who plan to retire by age 65, about one-quarter were workers between the ages of 50 and 65 who plan to continue working beyond age 65, approximately one in ten were workers ages 66 or older, and the remaining one-quarter were individuals ages 50 or older who are currently retired."
According to a 2005 AARP survey of adults aged 50 and older, "...one-third (33%) of retirees indicated that they would have remained in the workforce longer if such a phased retirement plan had been offered to them."
According to a 2005 AARP survey of adults aged 50 and older, "...one-third (33%) of retirees indicated that they would have remained in the workforce longer if such a phased retirement plan had been offered to them."
AARP. (2005, March). Attitudes of individuals 50 and older toward phased retirement. Research report. Washington, DC: Brown, K.S. Retrieved June 1, 2006, from http://www.aarp.org/research/work/retirement/Articles/attitudes_of_individuals_50_and_older_toward_phase.html
"This survey of individuals ages 50 and older was designed to gauge reactions to the concept of phased retirement as outlined and to determine the extent to which phased retirement would encourage workers near traditional retirement age to remain in the workforce longer than they would have otherwise...Conducted from January 6th through January 15th 2005, the survey was fielded to panel members who were ages 50 or older...A total of 2,167 individuals participated in the survey. Of all respondents, approximately one-third were workers between the ages of 50 and 65 who plan to retire by age 65, about one-quarter were workers between the ages of 50 and 65 who plan to continue working beyond age 65, approximately one in ten were workers ages 66 or older, and the remaining one-quarter were individuals ages 50 or older who are currently retired."
According to a 2005 AARP survey of adults aged 50 and older, "nearly half (46%) reported that they would like to start phased retirement between 60 and 64. Another 29% would like to start before the age of 60, while 25% would like to start at the age of 65 or later." (p.12)
According to a 2005 AARP survey of adults aged 50 and older, "nearly half (46%) reported that they would like to start phased retirement between 60 and 64. Another 29% would like to start before the age of 60, while 25% would like to start at the age of 65 or later." (p.12)
AARP. (2005, March). Attitudes of individuals 50 and older toward phased retirement. Research report. Washington, DC: Brown, K.S. Retrieved June 1, 2006, from http://www.aarp.org/research/work/retirement/Articles/attitudes_of_individuals_50_and_older_toward_phase.html
"This survey of individuals ages 50 and older was designed to gauge reactions to the concept of phased retirement as outlined and to determine the extent to which phased retirement would encourage workers near traditional retirement age to remain in the workforce longer than they would have otherwise...Conducted from January 6th through January 15th 2005, the survey was fielded to panel members who were ages 50 or older...A total of 2,167 individuals participated in the survey. Of all respondents, approximately one-third were workers between the ages of 50 and 65 who plan to retire by age 65, about one-quarter were workers between the ages of 50 and 65 who plan to continue working beyond age 65, approximately one in ten were workers ages 66 or older, and the remaining one-quarter were individuals ages 50 or older who are currently retired."
In a 2003 AARP survey, "63 percent [pre-retirees] state that they plan to work at least part-time in retirement, and an additional 5 percent say that they never expected to retire, suggesting that a full 68% percent of pre-retirees plan to work during a time traditionally reserved for activities…
In a 2003 AARP survey, "63 percent [pre-retirees] state that they plan to work at least part-time in retirement, and an additional 5 percent say that they never expected to retire, suggesting that a full 68% percent of pre-retirees plan to work during a time traditionally reserved for activities other than work." (p.5)
AARP. (2003, September). Staying Ahead of the Curve 2003: The AARP Working in Retirement Study. Washington, D.C.: Brown, S.K. Retrieved July 25, 2006 from http://www.arp.org/money/careers/employerresourcecenter/researchanddata/a2004-08-02-curve2003.html
"AARP conducted a telephone survey of 2,001 individuals between the ages of 50 and 70 years old who are employed on a full-time or part-time basis. Of the individuals interviewed, more than eight in ten (85%) have never retired from a job; and fifteen percent report that they have retired from a job but either remained in the workforce after rehiring or have since returned to the workforce. The phone interviews, which were conducted by RoperASW using random digit dialing, took place from April 9 through June 5, 2003." (p.4)
According to the 2005 Work-Filled Retirement survey, "in 2000, 37% of workers said they would choose to retire before age 50 if their finances permitted it. By 2005, this number had dropped to 20%. Most workers still desire to retire from their primary jobs by age 65 (86% in 2000, 89% in 2005),…
According to the 2005 Work-Filled Retirement survey, "in 2000, 37% of workers said they would choose to retire before age 50 if their finances permitted it. By 2005, this number had dropped to 20%. Most workers still desire to retire from their primary jobs by age 65 (86% in 2000, 89% in 2005), but have a different concept of how close they want to get this cutoff before bowing out of the workforce." (p.7)
Reynolds, S., Ridley, N., & Van Horn, C. (2005). A work-filled retirement: Workers’ changing views on employment and leisure (Work Trends Survey No. 8.1). New Brunswick, NJ: John J. Heldrich Center for Workforce Development, Rutgers University. Retrieved from http://www.heldrich.rutgers.edu/uploadedFiles/Publications/WT16.pdf
“In this report, American workers across the nation describe their expectations of retirement and their views of how older workers are treated in the workplace…A total of 1,232 adults were interviewed for this survey. Respondents who worked full or part time, or who were unemployed and looking for work, received a complete interview. A total of 432 respondents who did not meet these criteria received a short interview that included demographic questions. The results of this report are based on a total of 800 complete interviews with members of the workforce, including 82 people who have retired from their primary job but remain in the workforce. The final results were weighted to match U.S. Census Bureau estimates for age, educational attainment, gender, and race.”
According to the 2005 Work-Filled Retirement" survey, "forty-four percent of workers under 35 believe they will be able to leave the full-time labor force by age 60, compared with 31% of those between 35 and 44, 24% of those between 45 and 54, and only 16% of those 55 and up. Slightly more than…
According to the 2005 Work-Filled Retirement" survey, "forty-four percent of workers under 35 believe they will be able to leave the full-time labor force by age 60, compared with 31% of those between 35 and 44, 24% of those between 45 and 54, and only 16% of those 55 and up. Slightly more than 15% of workers over the age of 35 believe they will never be able to retire, while the number for those under 35 is 7%." (p.8)
Reynolds, S., Ridley, N., & Van Horn, C. (2005). A work-filled retirement: Workers’ changing views on employment and leisure (Work Trends Survey No. 8.1). New Brunswick, NJ: John J. Heldrich Center for Workforce Development, Rutgers University. Retrieved from http://www.heldrich.rutgers.edu/uploadedFiles/Publications/WT16.pdf
“In this report, American workers across the nation describe their expectations of retirement and their views of how older workers are treated in the workplace…A total of 1,232 adults were interviewed for this survey. Respondents who worked full or part time, or who were unemployed and looking for work, received a complete interview. A total of 432 respondents who did not meet these criteria received a short interview that included demographic questions. The results of this report are based on a total of 800 complete interviews with members of the workforce, including 82 people who have retired from their primary job but remain in the workforce. The final results were weighted to match U.S. Census Bureau estimates for age, educational attainment, gender, and race.”
According to a 2006 MetLife study of adults aged 55-70, "the number one reason for taking retirement benefits cited by workers age 60-65 was 'wanted to try something new and different' (20%). This option was chosen much less frequently by 55-59 year-olds (12%) and by 66-70 year-olds (7%),…
According to a 2006 MetLife study of adults aged 55-70, "the number one reason for taking retirement benefits cited by workers age 60-65 was 'wanted to try something new and different' (20%). This option was chosen much less frequently by 55-59 year-olds (12%) and by 66-70 year-olds (7%), suggesting that workers in their early 60s, who may be in a transitional period between full-time work and retirement, are particularly eager to seek out new experiences and challenges." (p.10)
MetLife Mature Market Institute. (2006, April). Living longer, working longer: The changing landscape of the aging workforce- a MetLife Study. New York, NY: MetLife Mature Market Institute, DeLong, D., & Zogby International. Retrieved August 10, 2006, from http://www.metlife.com/WPSAssets/93703586101144176243V1FLivingLonger.pdf
"This study describes the decisions that older workers are actually making about work and retirement. It reports on their experiences more than their expectations of the journey into retirement, assuming that life stage is not defined by some date, but is rather an ongoing process… It consisted of an interactive online survey conducted by Zogby with a panel of 2,719 respondents. To qualify for the study, participants had to be between the ages of 55-70. Slight weights were added to region, race and gender to more accurately reflect the population of U.S. adults. A primary focus of the 50-question survey was to better understand the experiences and behaviors of the aging workforce, so the survey included many questions asked only of people who were still working or seeking work, either full- or part-time.”
According to a 2006 MetLife study, "among older workers, the Working Retired represent 16% of 60-65 year olds and 19% of 66-70 year olds. When we add this segment of workers (i.e., the Working Retired) to those who never left the workforce, the percentage of Americans age 66-70 working or…
According to a 2006 MetLife study, "among older workers, the Working Retired represent 16% of 60-65 year olds and 19% of 66-70 year olds. When we add this segment of workers (i.e., the Working Retired) to those who never left the workforce, the percentage of Americans age 66-70 working or looking for work stands at approximately 37%, compared with nearly 60% of Americans age 60-65 and 78% age 55-59." (p.9)
MetLife Mature Market Institute. (2006, April). Living longer, working longer: The changing landscape of the aging workforce- a MetLife Study. New York, NY: MetLife Mature Market Institute, DeLong, D., & Zogby International. Retrieved August 10, 2006, from http://www.metlife.com/WPSAssets/93703586101144176243V1FLivingLonger.pdf
"This study describes the decisions that older workers are actually making about work and retirement. It reports on their experiences more than their expectations of the journey into retirement, assuming that life stage is not defined by some date, but is rather an ongoing process… It consisted of an interactive online survey conducted by Zogby with a panel of 2,719 respondents. To qualify for the study, participants had to be between the ages of 55-70. Slight weights were added to region, race and gender to more accurately reflect the population of U.S. adults. A primary focus of the 50-question survey was to better understand the experiences and behaviors of the aging workforce, so the survey included many questions asked only of people who were still working or seeking work, either full- or part-time.”
According to a 2005 Merrill Lynch survey, “when probed about their ideal work arrangement in retirement, the most common choice among boomers would be to repeatedly “cycle” between periods of work and leisure (42%), followed by part-time work (16%), start their own business (13%) and full-time…
According to a 2005 Merrill Lynch survey, “when probed about their ideal work arrangement in retirement, the most common choice among boomers would be to repeatedly “cycle” between periods of work and leisure (42%), followed by part-time work (16%), start their own business (13%) and full-time work (6%). Only 17% hope to never work for pay again.”
Varchaver, N. (2005). Pitchman for the gray revolution. (cover story). Fortune, 152(1), 63-72
Graph based on data from Merrill Lynch. (2005). The Merrill Lynch new retirement survey: A perspective from the baby boomer generation. Retrieved November 12, 2007 from http://askmerrill.ml.com/pdf/RetirementSurveyReport.pdf
<p>“The New Retirement Survey,” conducted for Merrill Lynch by Harris Interactive in collaboration with Age Wave, builds upon conventional wisdom that boomers are not interested in pursuing a traditional retirement of leisure. The majority of boomers relate they plan to keep working and earning in retirement, but will do so by cycling between periods of work and leisure, thus creating a new model of retirement…Harris Interactive® fielded the online and telephone survey for Merrill Lynch and Ken Dychtwald, between February 5 and March 1, 2004 among a nationwide cross section of 2,348 U.S. adults ages 40-58 of whom 1,061 were men and 1,287 were women. Data were weighted to reflect the total U.S. adult population ages 40-58 for age, sex, race, region, education and household income.”</p>
A 2006 analysis of data from the National Study of the Changing Workforce, conducted by the Families and Work Institute, indicates that workers in the 55-64 age group - older workers who are often at a critical point in their lives for making decisions about retirement - are less likely than…
A 2006 analysis of data from the National Study of the Changing Workforce, conducted by the Families and Work Institute, indicates that workers in the 55-64 age group - older workers who are often at a critical point in their lives for making decisions about retirement - are less likely than those over 65 years to feel that options for reducing their work hours are available to them.
Pitt-Catsouphes, M. (2006). [Analysis of data from the National Study of the Changing Workforce data, 2002]. Unpublished raw data.
A 2000 study by the Cornell Careers Center found that "The most common reason for retiring but continuing to work after retirement is that respondents want a work schedule that allows them the flexibility to do other things, such as travel, or develop other interests (71% gave this reason)." (p.…
A 2000 study by the Cornell Careers Center found that "The most common reason for retiring but continuing to work after retirement is that respondents want a work schedule that allows them the flexibility to do other things, such as travel, or develop other interests (71% gave this reason)." (p.16)
Moen, P., Erickson, A. W., Agarwal, M., Fields, V., & Todd, L. (2000). The Cornell retirement and well-being study. Final Report. Ithaca, NY: Bronfenbrenner Life Course Center at Cornell University.
<p>"The Cornell Retirement and Well-Being Study investigates the transition to-and life in-retirement. The focus is on pathways in and out of paid work and unpaid community service, as well as their implications for well-being. Most studies of retirement have viewed it as a one-way, onetime exit, and have examined men’s experiences exclusively. By contrast, we look at men and women, interviewing a large (n=664) sample of 50-72 year olds every two years over a five-year period, from 1994-95 to 1998-99. The study consists of three waves of interviews of older workers and retirees, collected approximately two years apart: 1994-95, 1996-97, and 1998-99. We selected people to study from random lists of workers and retirees (age 50-72 in1994-95) from six major upstate New York corporations. Participating organizations include one university, two hospitals, two Fortune 500 firms, and a utility company. Our original sample, interviewed in 1994-95, consisted of 762 retirees and not-yet-retired older workers.”</p>
According to a 2002 analysis of data from The Conference Board, 28 percent of the older workers who responded said that their desire to 'contribute to society' was a factor in their decision to retire. (p.33)
According to a 2002 analysis of data from The Conference Board, 28 percent of the older workers who responded said that their desire to 'contribute to society' was a factor in their decision to retire. (p.33)
Parkinson, D. (2002). Voices of experience: Mature workers in the future workforce.
"Anticipating the impact of demographic trends on businesses, The Conference Board has been engaged in research examining the aging population, health care for retired employees, and the opportunities and constraints of employing older workers. The Board convened the Engaging Mature Workers Working Group in September 2000 to address the challenge of maintaining a productive workforce in an aging society. HR executives representing corporate staffing, benefits administration, and diversity management functions at 15 leading companies are lending their expertise to developing business strategies that maximize the talents of mature workers."
The 2000 Cornell Retirement and Well-Being Study found that a majority of older Americans (70 percent of men and 69 percent of women) state that the reason they have retired is to 'do other things.' (p.5)
The 2000 Cornell Retirement and Well-Being Study found that a majority of older Americans (70 percent of men and 69 percent of women) state that the reason they have retired is to 'do other things.' (p.5)
Moen, P., Erickson, A. W., Agarwal, M., Fields, V., & Todd, L. (2000). The Cornell retirement and well-being study. Final Report. Ithaca, NY: Bronfenbrenner Life Course Center at Cornell University.
<p>"The Cornell Retirement and Well-Being Study investigates the transition to-and life in-retirement. The focus is on pathways in and out of paid work and unpaid community service, as well as their implications for well-being. Most studies of retirement have viewed it as a one-way, onetime exit, and have examined men’s experiences exclusively. By contrast, we look at men and women, interviewing a large (n=664) sample of 50-72 year olds every two years over a five-year period, from 1994-95 to 1998-99. The study consists of three waves of interviews of older workers and retirees, collected approximately two years apart: 1994-95, 1996-97, and 1998-99. We selected people to study from random lists of workers and retirees (age 50-72 in1994-95) from six major upstate New York corporations. Participating organizations include one university, two hospitals, two Fortune 500 firms, and a utility company. Our original sample, interviewed in 1994-95, consisted of 762 retirees and not-yet-retired older workers.”</p>
A 2002 report indicates that only two percent of the respondents to The Conference Board survey listed their caregiving responsibilities as a reason for retiring. (p.21)
A 2002 report indicates that only two percent of the respondents to The Conference Board survey listed their caregiving responsibilities as a reason for retiring. (p.21)
Parkinson, D. (2002). Voices of experience: Mature workers in the future workforce.
"Anticipating the impact of demographic trends on businesses, The Conference Board has been engaged in research examining the aging population, health care for retired employees, and the opportunities and constraints of employing older workers. The Board convened the Engaging Mature Workers Working Group in September 2000 to address the challenge of maintaining a productive workforce in an aging society. HR executives representing corporate staffing, benefits administration and diversity management functions at 15 leading companies are lending their expertise to developing business strategies that maximize the talents of mature workers."
A 2004 Watson Wyatt Worldwide survey of older workers (50-70 years old) found that one-third of the respondents said they would postpone retirement if they were offered phased retirement. (p.1)
A 2004 Watson Wyatt Worldwide survey of older workers (50-70 years old) found that one-third of the respondents said they would postpone retirement if they were offered phased retirement. (p.1)
Mulvey, J. (2004). Phased retirement: Aligning employer programs with worker preferences - 2004 survey report. Washington, DC: Watson Wyatt Worldwide.
"This report explores how and why workers phase and how phasing affects when workers fully retire. This information can help employers shape phased retirement programs that will enable them to more effectively manage their workforce and ensure an adequate supply of talent and experience in the years to come. To better understand the phasing process, Watson Wyatt Worldwide commissioned a telephone survey in 2003 of 1,000 individuals between the ages of 50 and 70."
According to a 2002 report on data from The Conference Board, nearly half of the respondents to its recent survey stated that "more flexibility in working hours would prevent them from retiring." (p.22).
According to a 2002 report on data from The Conference Board, nearly half of the respondents to its recent survey stated that "more flexibility in working hours would prevent them from retiring." (p.22).
Parkinson, D. (2002). Voices of experience: Mature workers in the future workforce.
<p>"Anticipating the impact of demographic trends on businesses, The Conference Board has been engaged in research examining the aging population, health care for retired employees, and the opportunities and constraints of employing older workers. The Board convened the Engaging Mature Workers Working Group in September 2000 to address the challenge of maintaining a productive workforce in an aging society. HR executives representing corporate staffing, benefits administration, and diversity management functions at 15 leading companies are lending their expertise to developing business strategies that maximize the talents of mature workers...the working group developed the <em>Life Planning Survey </em>to explore the retirement intentions and perspectives of employees aged 50 and above at eight working group member companies...the core analysis of 1,645 applicable survey responses, the study includes quotes from over 80 "voices".</p>
In a 2005 poll conducted for FORTUNE by TheLadders.com-- a job site for executives earning $100,000-plus a year-- "51% say they plan to keep on working after they retire from their current careers. By contrast, only 16% aspire to the more traditional ideal of…
In a 2005 poll conducted for FORTUNE by TheLadders.com-- a job site for executives earning $100,000-plus a year-- "51% say they plan to keep on working after they retire from their current careers. By contrast, only 16% aspire to the more traditional ideal of dropping out of the workforce entirely."
Fisher, A. (2005). How to battle the coming brain drain. Fortune, 151(6), 121-128. Retrieved November 1, 2007 from http://money.cnn.com/magazines/fortune/fortune_archive/2005/03/21/8254854/index.htm
According to a 2004 analysis by Mulvey, "... the existence of a phased retirement program increases the average retirement age among women by 21 months. For men, phasing increased average retirement age by about 5 months."(p.16)
According to a 2004 analysis by Mulvey, "... the existence of a phased retirement program increases the average retirement age among women by 21 months. For men, phasing increased average retirement age by about 5 months."(p.16)
Mulvey, J., & Nyce, S. (2004). Strategies to retain older workers. (Pension Research Council Working Paper No. 2004-13). Philadelphia, PA: The Wharton School, University of Pennsylvania. Retrieved from http://rider.wharton.upenn.edu/~prc/PRC/WP/WP2004-13.pdf
"In this chapter we begin we begin by outlining the economic and demographic realities facing employers and spell out how these change the "retirement promise." To understand the process, we qualify the effect of several factors on older workers' retirement patterns, including early retirement incentives in DB plans, retiree medical coverage, and various work/life benefits including phased retirement and eldercare program."
According to a 2002 report on a Conference Board survey, Two-thirds (69%) of the older workers responding to the survey who said that they plan to continue to work for at least five years reported that their financial needs strongly affect their decisions about continuing to work. (…
According to a 2002 report on a Conference Board survey, Two-thirds (69%) of the older workers responding to the survey who said that they plan to continue to work for at least five years reported that their financial needs strongly affect their decisions about continuing to work. ( p.30)
Parkinson, D. (2002). Voices of experience: Mature workers in the future workforce.
<p>"Anticipating the impact of demographic trends on businesses, The Conference Board has been engaged in research examining the aging population, health care for retired employees, and the opportunities and constraints of employing older workers. The Board convened the Engaging Mature Workers Working Group in September 2000 to address the challenge of maintaining a productive workforce in an aging society. HR executives representing corporate staffing, benefits administration, and diversity management functions at 15 leading companies are lending their expertise to developing business strategies that maximize the talents of mature workers."</p>
According to a 2002 report, the Health Confidence Survey (HCS) found that "...60 percent of workers who expect to receive both retiree benefits and to retire before age 65 would not retire before becoming eligible for Medicare if their former employer or union did not provide retiree health…
According to a 2002 report, the Health Confidence Survey (HCS) found that "...60 percent of workers who expect to receive both retiree benefits and to retire before age 65 would not retire before becoming eligible for Medicare if their former employer or union did not provide retiree health benefits."(p. 2)
Employee Benefit Research Institute. (2002, September 25). 2002 Health confidence survey: confidence & satisfaction in health care system show little change over time, but Americans still worry about its future. (News Release). Washington, DC: Christensen, R., Fronstin, P., Jaffe, J.
“This year’s HCS is the fifth round of an annual survey to assess attitudes regarding the U.S. health care system...the 2002 HCS finds: Americans are more likely now than in 1998 to identify health care as a critical national issue, and more are dissatisfied now than in 1998 with the costs of health insurance and health care not covered by insurance."