Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Old 12-08-2005, 03:30 PM   #1
Moderator Emeritus
Martha's Avatar
Join Date: Feb 2004
Location: minnesota
Posts: 13,211

The WSJ had an article today about retirees returning to work. The article reports that the number of Americans still working after age 65 dropped from the end of WWII until the late 80s. In the mid-90s, the share of older Americans in the work force began to climb. The BLS reports 20% of men and 12% of women over 65 are now in the work force.

The article goes on to state that a "small but significant number of Americans actually retire and go back to work--or try to." A market research firm (I know, TH, I know, potential bias), interviewed some of those who returned to work. Two thirds of those returning to work said they wanted to remain mentally alert and useful and they didn't return to work because they had to. The article goes on to state that this is probably misleading. It cited an AARP survey which asked those returning to work what was the one major factor and the most common choice was "need money." The second most common was "need health benefits."

Un-retirees are more likely to have a mortgage than those who stay retired.

In one survey, only 40% of the un-retirees said they were doing work that resembled their prior job. More than 40% said less skill and education was required in the new job.

The article concludes with the statement that "forcing cash-short older workers to take new, less productive (and less well-paying) jobs is a waste of scarce human resources."


No more lawyer stuff, no more political stuff, so no more CYA

Martha is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: Un-retirees
Old 12-08-2005, 04:17 PM   #2
Thinks s/he gets paid by the post
Join Date: Mar 2004
Posts: 2,067
Re: Un-retirees

I wonder how they define a retiree. I suspect those people with pensioned jobs (civil service, cops, firemen, military, private sector) who "retired" from their jobs after 20 to 30 years with the intention of finding another perhaps less stress occupation supplement by their pension are misleading the facts.


I look to the present moment because that's where I live my life.
MJ is offline   Reply With Quote
Re: Un-retirees
Old 12-12-2005, 03:37 PM   #3
Thinks s/he gets paid by the post
BUM's Avatar
Join Date: Feb 2004
Location: 34N 78W
Posts: 1,772
Re: Un-retirees

While at Sears some time ago, an elderly looking woman asked if she could talk to me about vinyl siding . After we talked awhile I asked why she was working at Sears. She confided that retirement had gone bad due to poor investment advice from her trusted advisor.

Too bad. She seemed sad... ER good. UR bad.

In a panamax down by the river.
BUM is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
need to speak to early retirees mbenjamin2 Other topics 36 02-23-2006 07:32 AM
7 Million Retirees Return to Work REWahoo Life after FIRE 18 12-30-2005 06:04 AM
Roth IRA Conversions for Retirees mickeyd FIRE and Money 4 12-17-2005 10:38 AM
Poll #1 Early retirees and your Marriage ESRBob Life after FIRE 2 05-25-2005 06:50 PM
Health Care for Retirees Eliminated runnerr FIRE and Money 62 05-21-2005 08:14 PM


All times are GMT -6. The time now is 06:12 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.