Virtually 20 % of Individuals 65 and older at the moment are working, in line with the most recent information from the U.S. Bureau of Labor Statistics. That’s essentially the most older individuals with a job for the reason that early Sixties, earlier than the U.S. enacted Medicare. When requested to explain their plans for retirement, 27 % of Individuals stated they may “maintain working so long as doable,” a 2015 Federal Reserve research discovered. One other 12 % stated they don’t plan to retire in any respect. One of many causes for working longer is that older Individuals are quick on financial savings. Right now, 60 % of U.S. households don’t have any cash in a 401(ok) or related retirement account. (bloomberg.com)