What percentage of baby boomers will want to work past the age of 65?
I figure up to 75%. Many out of necessity and the rest out of desire. Most retirees will want to work at least part time because they need to for basic necessities or they want to for life style enhancement or to serve society in some way. That’s why I don’t believe the projections that there will be a labor shortage when baby boomers retire. There may be a shortage in some areas, but not in most. There probably will be a shortage of part time work that baby boomers would be willing to do.
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It is a guess. The underlying truth is when do net savers become net spenders. If net spending becomes too high then it can be inflationary. Currently this has been concentrated in housing and the stock market, but it is starting to leak out to other markets as these appear to be saturated.
I don’t think any one wants to work past the age of 65. I will be ready to travel the world or do something better with my time.
If I am in good health, then I wouldn’t mind working part time after 65, but I don’t see myself handing out burgers at mcdonalds then!
why plan your life to retire at age 65. try 40 by planning ahead and leave the rest in the dust blind as a bat because they like to follow the governments definition of retirement. bill gate did it so can you.