Working Late, by Choice or Not

News from the web:

A record 7.2 million Americans age 65 and older are working — double the number 15 years ago — partly because many older Americans love to work and partly because many feel too financially squeezed to retire.

With the value of many 401(k)’s and homes taking a beating during the recession and with energy and health care prices climbing, many who dreamed that retirement was just around the corner have reluctantly kicked their retirement plans down the road.

While the overall number of Americans working has fallen by 4.4 million since the Great Recession began four and a half years ago — with many dropping out of the work force in frustration and some retiring early — the number of Americans 65 and older who are working has jumped by 1.4 million, a whopping 25 percent increase. Some work as doctors, some in retail, and some, with an entrepreneurial bent, start businesses in their 60s.

Read the whole story HERE

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