Poll: Many Baby Boomers will have to continue working after retirement age

Though many Baby Boomers may be looking forward to their retirement living years, it appears that some members of the generation will have to continue working after they reach 65 years of age, according to a survey conducted by the Marist College Institute for Public Opinion.


The first Baby Boomers will begin to turn of retirement age on January 1.

The poll found that 71 percent of U.S. citizens "believe they should be encouraged to work past retirement age." For those approaching retirement, finances continue to be a major concern.


The survey also showed that younger generations are concerned about the financial burden of the impending spike in retirees. Though most respondents indicated that they believe they have a responsibility to help care for their elders, many voiced worry that Social Security may go bankrupt.


"We are encouraged to see there is opportunity for intergenerational collaboration to ensure that seniors in America age successfully," said one retirement expert.


Many young people may be looking into assisted living options as one way to support their aging parents. According to the Sacramento Bee, caretaking issues are a major concern for Baby Boomers entering retirement age.

 


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