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Seventy is the new 50, but some seniors feel like they are 40 years old again, according to the Association of Mature American Citizens. For one thing, people are not only living longer these days, they’re living healthier, more active lives and so the concept of retirement is changing.
Many older Americans older Americans need to continue working past the traditional retirement age of 65 to make ends meet. Others want to stay on the job because it provides them with a sense of contentment; working makes them feel that they have purpose, says AMAC.
The U.S. Census Bureau says that in 1984 about 15% of the workforce was 65 years of age or older and that in 2014 the labor participation rate of men and women over 65 had grown to nearly 27%.