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FACT OF THE WEEK
 

Almost 7 in 10 baby boomers plan to work past age 65

 

 
Among US full-time and part-time workers, "66% of Baby Boomers expect to either work past age 65 (51%) or do not plan to retire (15%)," while "55% of Generation X share these expectations including 41% who plan to work past age 65 and 14% who do not plan to retire. In contrast, the majority of Millennials (60%) expect to either retire at age 65 (25%) or sooner (35%)," according to the 2016 Transamerica Retirement Survey. (p. 40)
 
       
 
        Transamerica. (2016). 17th annual Transamerica retirement survey: Influences of generation on retirement readiness. Los Angeles: Transamerica Center for Retirement Studies. Retrieved from this source.
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PREVIOUS FACTS

 

26 December 2016
Median earnings for women ages 55-64 were 74% of men's in 2015

19 December 2016
Boomers spend 13% of annual income on unpaid caregiving costs for adult relatives or friends

12 December 2016
4 in 10 men and 3 in 10 women aged 65-69 were in the labor force in 2015

05 December 2016
1 in 10 workers aged 50+ feel their work has no positive impact on society

 

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