According to this Denver Post article, inadequate retirement savings, stagnating pension benefits and cuts in retirement health benefits will make it necessary for some of them to continue working. Others want to stay active, working in a flexible environment that leaves them time for travel, attending classes and leisure activities. Some want to start their own businesses.

“When you look at the boomer generation, it is the people who had the opportunity for the best jobs and education, and that is not us,” said one 60-year-old Latina quoted in the study. Only 23.3 percent of African-American respondents expect to be retired in 10 years compared with 33 percent for Latinos and 37 percent of white respondents.

The good news for those who either need or want to continue working is that they will find a serendipitous shortage of workers in government, health care, teaching and other fields, said Marc Freedman, chief executive of Civic Ventures, a think tank and incubator that works on programs involving older workers.

search for : retirement savings, pension benefits, retirement health benefit

Bookmark to: