Nearly 20 % of People 65 and older at the moment are working, in keeping with the most recent knowledge from the U.S. Bureau of Labor Statistics. That’s probably the most older folks with a job because the early Sixties, earlier than the U.S. enacted Medicare. When requested to explain their plans for retirement, 27 % of People mentioned they’ll “maintain working so long as doable,” a 2015 Federal Reserve examine discovered. One other 12 % mentioned they don’t plan to retire in any respect. One of many causes for working longer is that older People are quick on financial savings. At present, 60 % of U.S. households haven’t any cash in a 401(okay) or comparable retirement account. (bloomberg.com)