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Retirement News
Traditional Retirement at Age 65 Has Been Retired
According to New Poll
Those not yet retired either didn't know when they
will retire or do not plan to retire at all
Nov. 14, 2007 - Americans age 50 and over are
increasingly disregarding age 65 as the time to stop working - more than
70% believe that keeping experienced workers engaged in society, either
through continuing work or volunteering, is very important, according to
a new poll.
The poll was commissioned by Experience Wave,
experiencewave.org, a campaign supported by The Atlantic
Philanthropies that advances federal and state policies to make it
easier for mid-life and older adults to stay engaged in work and
community life. It was conducted by Penn, Schoen & Berland Associates,
Additional findings include:
● 53% said the coming wave of baby boomers
hitting "retirement age" will be an asset to society as they represent a
pool of skilled workers with more time to dedicate to their communities.
● 76% said that society should invest in
resources to guarantee older Americans opportunities to stay engaged.
● 53% of respondents were retired, and 45% were
still in the workforce in some capacity.
￮
Of the respondents currently retired, 68% said they retired before age
65.
￮
Of the respondents not yet retired, 32% said they expected to retire
before age 65.
￮
27% of respondents not yet retired either didn't know when they will
retire or did not plan to retire at all.
● 59% of respondents who plan to retire expect to
volunteer for a nonprofit or community organization. An additional 14%
plan to get training or learn a new skill for a different career.
"From where I stand, the wheels of American
politics are slowly turning in our direction," said Harris Wofford,
former U.S. Senator, Peace Corps Founder and 81-year-old spokesperson
for the Experience Wave campaign.
Experience Wave aims to advance interests of people
who will postpone or forego retirement by promoting policies that remove
barriers and provide wider opportunities for older people to continue
working, or re-enter the workforce if they have already retired; enhance
lifelong learning that is adapted to the unique needs of experienced
workers who want to advance in or change careers, and open doors for
older people to engage in meaningful charitable or "pro bono" work.
Methodology: Penn, Schoen & Berland Associates
conducted 1,016 telephone interviews among likely voters over the age of
50, from October 6-12. Margin of error for the entire sample is Β± 3.07,
and larger for subgroups.
In 2006, the first of the 77 million "baby boomers"
(Americans born between 1946 and 1964) turned 60. Experience Wave
www.experiencewave.org seeks to advance federal and state policies that
will enable the country to seize the opportunities facing us as the
unprecedented large number of "baby boomers" reach traditional
retirement age.
Source: Experience Wave
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