Taking psychological factors into account, the report points out, can help policymakers find more effective ways to encourage people in the workforce to work longer. (Photo: Shutterstock)
It can be a long and winding road for many Americans, but not every U.S. worker takes the same route to retirement. In fact, most of them follow “nonstandard” retirement pathways.
That's according to new research from RAND, which finds that 13.6 percent first move to working part time.
Other nonstandard routes include the 16.9 percent who actually do retire, and then reenter the workforce, and the 25.7 percent who stay in full- or part-time jobs past the age of 70. (Less than half of that last—just 9.8 percent—actually stay in full-time jobs.)
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Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
