A new report from the Stanford Center on Longevity says more Americans are foregoing retirement because they feel valued at work. Webster’s defines retirement as the “withdrawal from one’s occupation.” But research over the past several years shows that American workers are “Withdrawing ” from their jobs in fewer numbers than ever before…
Spokesperson Josh Bernstein says necessity is the biggest motivator for people to stay on the job longer than they had planned. But the majority of people who work past their so called retirement age do so because they like it.
click to listen to Josh Bernstein
In 1990 27.9 percent of men ages 65 to 69 were still in the workforce, and 20 years later in 2010, that number increased to 35.8 percent. And for women, ages 65 to 69, labor participation grew from 16.9 percent to 26.4 percent in just the last decade.
Many of the Seniors still in the Labor force reported feeling self important, and a sense of belonging, and suffered from less depression.