white haired business man looking at tablet in office (Photo: Shutterstock)

A new study has found that the majority of peoplethink it's more likely than not that they'll still be working after age 65.  And it doesn't necessarilyhave to do with money. According to a blog post from the Center for Retirement Research at BostonCollege, the study "Latent Work Capacity and RetirementExpectations" found that health was the chief barrier to peopleworking longer, with "adults ranging in age from 18 to 70 … askedto rate themselves on a 1-to-7 scale for 52 different cognitive,physical, psychomotor, and sensory abilities that determine theircapacity to work," said the post, with "abilities run[ning] thegamut from written comprehension, pattern recognition, andoriginality to finger dexterity, reaction time, and visionacuity."

Among those whose abilities did not diminish substantially asthey aged (psychomotor abilities such as manual dexterity andcoordination that were at peak for workers in their 30s but notsubstantially reduced for those in their 60s, and even cognitivedecline, which only went through a minor decline for workers fromage 50 and age 60), researchers were able to calculate thepercentage of occupations each worker would be able to do out of apool of 800 jobs, based on education and training levels.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.