Many Americans over 65 are choosing to continue working due to financial necessity and a lack of preparedness for retirement. Research indicates that 51% of this demographic wishes to work indefinitely, often due to rising living costs and fears regarding outliving savings. The average retirement age has increased over the years, with many older adults now working four years longer than in the past. Additionally, a significant portion of older workers are financially supporting their grown children, exacerbating the need to remain in the workforce.
"Many seniors struggle with financial insecurity or fear of outliving their retirement savings."
"According to the Asset Preservation Wealth & Tax survey, 48% of respondents say they will continue working due to financial necessity."
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