Workers over the age of 65 are staying active in the workforce, opting to push back retirement.
In the year 2000, about 13 percent of Americans 65 and over reported being employed full or part time. But, by May 2016, that percentage had increased to 18.8 percent. As such, nearly 9 million Americans who are age 65 and over are employed. Further, over the next five years, that percentage is expected to rise to 32 percent of the workforce.
However, workers still need to be practical and anticipate retiring one day, and you should plan for it.
Source: “Workers Are Working Longer—and Better,” The New York Times (March 2, 2017)