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A majority of workers (57%) plan to work full-time or part-time in retirement, according to a new survey by the research team at Transamerica Center for Retirement Studies reporting trends for three age groups: baby boomers, Generation X and millennials.
Generation X scores the highest percentage of those who plan to work either full-time or part-time in retirement (58%), followed by millennials (57%) and baby boomers (54%). Among just those who plan to work full-time in retirement, baby boomers score the highest percentage (42%) when compared to the other two age groups included in the report.
The study also reports that 52% of workers across age groups plan to work past the age of 65 or don't plan to retire, according to data studied by the Transamerica Center for Retirement Studies. Among the three age groups extracted, 68% of baby boomers expect to work past age 65 or are already doing so, followed by 53 percent of workers in Generation X and 43 percent of millennials.
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Lisa Helem
Lisa Helem is the editor in chief of The National Law Journal. Contact her at [email protected]. On Twitter: @lhelemNLJ
