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1 in 5 workers aged 61-66 would reduce hours even if pay was reduced

Among Early Boomers (aged 61-66) who were still working in 2014, 28% said that they plan to reduce hours as they transition to retirement. 22% said that they would like to reduce hours even if pay was also reduced. 11% indicated that they were already partly retired, according to a 2017 GAO analysis of data from the Health and Retirement Survey. (fig. 5, p. 16)
US GAO. (2017). Older workers: Phased retirement programs, although uncommon, provide flexibility for workers and employers. Washington DC: US Government Accountability Office. Retrieved from this source.
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