Another encouraging article from a consultant and a publisher who desperately want more Americans to [-]work until they drop[/-] save Social Security & Medicare through longer payroll taxes.
Why 70 Is the New 50
At least they're more forthright about people's motivations: "Some 60% to 70% say that they want to work into their sixties and seventies because they will miss the camaraderie and the challenge of work, or because they can't afford to retire. Companies are switching from defined-benefit pension plans to defined-contribution pension plans, personal savings rates are low, and there's a lot of anxiety about paying for retirement health care—all these things are also causing people to rethink the age they stop working. But most want to work differently."
Why 70 Is the New 50
At least they're more forthright about people's motivations: "Some 60% to 70% say that they want to work into their sixties and seventies because they will miss the camaraderie and the challenge of work, or because they can't afford to retire. Companies are switching from defined-benefit pension plans to defined-contribution pension plans, personal savings rates are low, and there's a lot of anxiety about paying for retirement health care—all these things are also causing people to rethink the age they stop working. But most want to work differently."