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More Seniors Are Not Retiring Early In California

When it comes to retirement, it’s not coming easy for California’s baby boomers. The latest census data shows that more than 740-thousand residents between 65 and 74 are employed or looking for work. That’s about double the number from 15 years ago. Much of that growth is due to a surge in baby boomers entering retirement age. But in Nevada County, where the Census Bureau says 22-percent of the workforce is over 65, the director of the Gold Country Community Center, Sandy Jacobson, says it’s increasingly expensive to live here..

click to listen to Sandy Jacobsen

Other reasons for not retiring at age 65 include more people waiting to collect their full allotment of Social Security payments as the federal retirement age gradually rises to age 67. Jacobsen also says lots of Nevada County retirees did not grow up or work in the local area…

click to listen to Sandy Jacobsen

Many seniors are simply in good health and want to keep working, as life spans increase. People living in the Bay Area and Los Angeles area are most likely to work past 65.

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