Thursday, May 24, 2012

Postponing Retirement.. 'Words With Friends' Leads To Altar.. 2,100 Mile Journey On Appalachian Trail

Thursday, May 24, 2012
Baby boomers have challenged notions of middle age -- now they're redefining traditional retirement, too. Or should we say, postponing it entirely. The percentage of Americans over 65 who are still in the workforce is at a record high, according to the Labor Department.

Separately, a recent Gallup survey found the average working American expects to retire at age 67 -- up from age 60 in the mid-1990s. Roughly one in five workers now say they'll retire after 65 -– up from about one in eight in 1995.

What's going on? Recent reports suggest the economic downturn is largely to blame for keeping post 50s in their nine-to-five schedules: Some 40 percent of Americans age 50 and older have chosen delay their retirement in the wake of the Great Recession, according to a study released this month by the University of Michigan Institute for Social Research (ISR). It was the first study to correlate real data on household wealth just before and after the downturn with the retirement plans of a nationally representative sample of Americans age 50 and older. "The greater the loss, the more likely people were to delay their retirement," said ISR economist Brooke Helppie McFall in a press release.
How 'Words With Friends' Led To The Altar
WATCH: Gregg Allman On The Moment He Knew He Had To Get Sober
What He Found On A 2,100-Mile Hike Along The Appalachian Trail
9 Ways You're Wasting Money At The Grocery Store
The Envy That Took Me By Surprise
BLOG POSTS
Kerry Kennedy: Ode to My Best Friend -- Mary Richardson Kennedy
Let's not remember Mary for her despair, but let's take inspiration from her determination to heal the woundedness in herself and in those she loved.
Judith Greenberg, Ph.D.: Learning to Drive Again
I let my driver's license expire. For years, it didn't seem like such a big deal. Frankly, not driving had some nice benefits: Riding in the passenger's seat was the one time in my life I could relax.
Ross Szabo: The Few, The Proud: Military Veterans in the Peace Corps
This Memorial Day, let's take some time to thank numerous female and male veterans who have chosen to continue to serve their country in the Peace Corps.
Mary Eileen Williams: Looking to Land a Job? Think Old School!
If you are one of the throngs of post 50 job-seekers who's turned to the Internet to land your next position, you're probably reaping some rather lackluster results.
Mel Walsh: The Travel Tip Boomers Need to Hear
We all know that carry on luggage is the way to travel -- no waiting in line to retrieve bags and no lost luggage or baggage fees. So why doesn't everyone just carry on?
Advertisement

If you believe this has been sent to you in error, please safely unsubscribe.

Copyright © Breaking News Best Site News | Designed With By Blogger Templates
Scroll To Top