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Fact of the Week: 4 August 2014

8 in 10 Retirees Who Are Employed Work Part-time

Compared to those in pre-retirement careers, retirees who are employed "are nearly five times more likely to work part-time (83% vs. 17%) and three times more likely to be self-employed (32% vs. 11%)." They are also more likely to volunteer 20 hours per week or more (13% vs. 1%), according to a 2014 analysis of data from a survey by Merrill Lynch.
       
Merrill Lynch. (2014). Work in retirement: Myths and motivations. U. S.: Merrill Lynch. Retrieved from www.wealthmanagement.ml.com.
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