Almost 20 percent of Americans 65 and older are now working, according to the latest data from the U.S. Bureau of Labor Statistics. That’s the most older people with a job since the early 1960s, before the U.S. enacted Medicare. When asked to describe their plans for retirement, 27 percent of Americans said they will “keep working as long as possible,” a 2015 Federal Reserve study found. Another 12 percent said they don’t plan to retire at all. One of the reasons for working longer is that older Americans are short on savings. Today, 60 percent of U.S. households have no money in a 401(k) or similar retirement account. (bloomberg.com)
