Older Workers Accounted for All Net Employment Growth in Past 20 Years

[frazzled]

3. In addition to that

The extreme advances in medicine in the past 2 decades has meant that people are living much, much longer. Not only do they not envision the stagnation of living in retirement for possibly 30 or more years, they also don’t know that their retirement funds would be able to sustain their lives for that long. Remember, very few people enjoy pensions with defined benefits anymore. It’s Social Security plus whatever you have been able to save ... which could easily run out if you live to 95. It’s become a necessity to work longer.

Also, many of us over sixty are still paying off our children’s expensive college educations. Much is made of loans that students have incurred in the era of wildly increasing education costs, but little attention is given to the many parents who incurred debt to meet those tuition costs on behalf of their children.