Most Americans Plan to Work Part-Time in Retirement -- but Whether They Get to Is a Different Story
With Americans living longer these days and approaching retirement with insufficient savings, it's not surprising that many are coming to embrace the notion of working part-time during their senior years. In fact, an estimated 56% of adults plan to continue working in some capacity during retirement, according to a Transamerica study.
But while working in retirement no doubt has its benefits, it's also far from a given. As of last year, only 20% of Americans 65 and older were actively employed in some manner, which tells us that part-time work in retirement may be harder to come by than expected. If you're planning to remain employed as a senior, it pays to take steps during your working years to make that a reality. Otherwise, you could end up out of luck -- and money -- when you're older.
Image source: Getty Images.
Source: Fool.com
