For Many, Retirement Age Getting Much Older: Survey Finds 22 Percent Increase in Workers Over 65
According to a recent survey described by Benefits Pro, many middle class seniors (those with monthly incomes of less than $100,000) will not be able to retire by age 65. In fact, 25% of them say they won’t be able to retire until they’re 80.
With the economic downturn that began four years ago, more and more elderly people are punching time cards and collecting pay checks well into their 70s and beyond. The Benefits Pro article even mentions one woman in particular who is 95 and still working to make ends meet.
Do you have questions about your retirement plan? Call the Senior Legal Hotline to speak with an advocate from the Western States Pension Assistance Project (800-222-1753).