Dive Brief:
- A new survey of American workers from the Transamerica Center for Retirement Studies found that 82% of the respondents age 60 and older either are, or expect to keep working past the age of 65.
- Among all workers, regardless of age, 20% expect to keep on working as long as possible in their current job or a similar one.
- Outliving investments and savings was the top retirement concern for 44% of all respondents.
Dive Insight:
According to the USA Today article, the new retirement horizon indicated by the survey should encourage employers to reconsider the way they view their staffing. Catherine Collinson, president of the retirement studies center, says it is a "call to action ... to really revisit basic workforce management principles.
"The days of the gold-watch retirement where we have an office party and maybe some punch and cookies and never work again are more mythical than a reality,'' Collinson said . "Very few workers actually envision that type of retirement and many plan to keep on working part-time even after they retire.
"It even raises the question, is retirement the right word?"
