A majority of younger Americans expect to work after they retire and to do so because they want to stay active and involved, according to research released Monday by T. Rowe Price.
Researchers found that 69 percent of adults between the ages of 21 and 50 planned to work full-time or part-time during retirement, and of those only 23 percent will feel compelled to do so to supplement savings.
"Beginning with the Baby Boom generation, a new vision of retirement has emerged—one that includes an active lifestyle and, for many people, continued work or even a second career," Christine Fahlund, senior financial planner with T. Rowe Price, said in a statement.
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Michael S. Fischer
Michael S. Fischer is a longtime contributing writer for ThinkAdvisor. He previously reported on trade and intellectual property topics for the Economist Intelligence Unit and covered the hedge fund industry for MARHedge and Reuters News Service.
