Virtually 20 % of People 65 and older are actually working, in keeping with the most recent knowledge from the U.S. Bureau of Labor Statistics. That’s essentially the most older individuals with a job because the early Nineteen Sixties, earlier than the U.S. enacted Medicare. When requested to explain their plans for retirement, 27 % of People stated they may “preserve working so long as potential,” 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 People are brief on financial savings. Immediately, 60 % of U.S. households haven’t any cash in a 401(okay) or comparable retirement account. (bloomberg.com)