Seniors Working Longer as Retirement Age Rises and Finances Fall Short
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The fastest growing group in the U.S. workforce is seniors over age 75, with numbers quadrupling since the 1980s.
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Increased life expectancy, better health, higher education levels, and more flexible work have made continued employment viable for many seniors.
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The average expected retirement age has risen to 66, with 41% expecting to work beyond 65.
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Older workers tend to be more satisfied with their jobs and are more likely to work on their own terms.
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Many seniors don't have adequate retirement savings, making continued employment a financial necessity.