Working to Stay Engaged in Retirement
74%: Workers who plan to work for pay in retirement
Retirement isn't always golfing and yachting. For many Americans, it's working in an "encore career." In 2011, 74% of workers reported that they plan to work for pay in retirement, compared with only 23% of retirees who actually worked for pay in retirement at the time. While more workers tend to predict they will work in retirement than actually do, the number is still increasing.
Although many people are probably predicting they will work in retirement because planning for retirement is more difficult than ever, once they get to retirement it seems that it's not all about the money. 92% of retirees who worked for pay in retirement wanted to stay active and involved, and 86% were working because they enjoyed it. Whatever the reason, reaching retirement, however you get there, does not have to mean slowing down.
Source: Employee Benefit Research Institute, "The 2011 Retirement Confidence Survey: Confidence Drops to Record Lows, Reflecting 'the New Normal'", 2011
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