Resources - Mature Market Headlines
When the Golden Years Include a Commute
MSNBC, 7/29/09
Abstract:
At an age when many people start envisioning retirement, John Hanna was thinking about how he could keep on working.
“I didn’t want to retire,” he recalls.
Hanna, who is now 83, held on to his full-time job as an insurance broker until finally retiring at age 72. But without work, the Lititz, Pa., resident soon found that he was bored and restless.
And so, about a year later, Hanna went back to work as a notary for a car auction company. He continues to work two days a week and has no intention of giving it up.
“I see what happens to guys that retire and just sit around,” Hanna said. “You know, we turn to mush.”
A combination of good health, economic necessity and the other rewards of work are pushing some Americans to stay in the work force long past traditional retirement age. About 7 percent of people age 75 or older were in the labor force as of June, up from about 5 percent a decade ago, according to the Bureau of Labor Statistics. That translates to more than 1.1 million people working past age 74, up from 750,000 a decade ago.
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