Baby boomers are retiring at 65: MetLife survey
By Lauren McNitt
ProWEB Wire (Industry News)
Despite popular belief that baby boomers will work past retirement age, a new study shows many of those reaching age 65 are retiring.
The MetLife study found that 59 percent of the first baby boomers to turn 65 are at least partially retired, and 45 percent are completely retired. Fourteen percent are retired, but work part time.
Of 65-year-old baby boomers who are still working, 37 percent said they will retire next year.
Many of these boomers said they retired earlier than expected. Four in 10 said this was due to health reasons, yet the majority of survey respondents said they consider themselves healthy.
Just 19 percent of baby boomers surveyed said they are pessimistic about the future, with 49 percent faulting the government and 21 percent citing the economy. Forty-three percent said they are optimistic about the future.