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The number of working Americans ages 65 and older is at the highest point in nearly half a century, the Los Angeles Times reports. While older adults still make up a relatively small share of the total U.S. workforce, nearly one in five adults over 65 are currently working or looking for work, and employment in this group has jumped 27 percent since 2007, recently surpassing 7 million.
In 2011, the number of Americans taking early Social Security benefits dropped to a 35-year low, according to a new report from the Urban Institute. For the second consecutive year, those taking benefits fell (to 27% of the number of eligible older adults). That’s down from 31% in 2009, reestablishing a 12-year downward trend interrupted only by the recent recession.
We’re nearly three years into an economic recovery yet an increasing number of older Americans are still tapping into their retirement funds and pushing back their retirement date. A Bank of America survey of 1,000 working Americans in April (nearly 700 of them were age 51 and older) found that people were more pessimistic about their financial futures compared with two surveys in 2011. Respondents, who had between $50,000 and $250,000 in 401(k) plans and other assets, were asked about their …
The percentage of boomers—73 percent—planning to postpone retirement longer than they thought has risen six percent since just this past spring. And new research shows that though cutting back on salt does lower blood pressure, it could increase other heart disease risk factors.
Guilty. And I do count my lucky stars that I’m gainfully employed. But some days – mornings, especially – are downright depressing. I know I shouldn’t complain. I’m not an oncologist. Not a hospice nurse. Not a social worker or a homicide detective or a teacher in a rough school. I don’t get minimum wage to be on my feet all day (or night) doing physically demanding work, or something I find mind-numbingly repetitive. I don’t juggle two part-time jobs with no …