Apparently there are now over 1 million people over the age of 65 still working.
Leaving aside the fact that 65 is the new 55, why are so many people (historically at the perceived typical retirement age) continuing to work?
These so called “silver sluggers” may simply be doing it because for many people work is a stimulating and rewarding (and not just financially) activity.
They get to meet colleagues and customers, are challenged by the interaction and might even be learning new skills.
Chances are they understand what is required it he work place and probably don’t spend all day “texting” and checking out their mates on Facebook!
Perhaps some of them are still working because frankly they need to.
Either they were unable or unwilling to set aside enough retirement savings to enable them to say no to work.
Or perhaps their plans simply didn’t work out, their mortgage or children costs them more than they ought.
Or maybe they went through a change in life divorce or the death of a partner, or redundancy perhaps and have been left with not quite enough to stop work altogether.
Whatever the reasons, the research should send out a pretty direct and harsh method to the younger generations; if you want to retire when you want to and with enough income to have the retired life you want then start to save.
Or alternatively don’t and keep on working and eventually join the ranks of the silver slugger.
