“Report: 85% of Baby Boomers plan to work into their 70s (and even 80s)

Report: 85% of Baby Boomers plan to work into their 70s (and even 80s),” by Sheila McClear, Ladders

“There’s no doubt about it: many Baby Boomers simply aren’t ready to retire. Either they don’t have enough money saved up yet, or they simply aren’t ready to leave the working world behind.

Deloitte Insights took a look at what this means for the workforce, which will now absorb five generations of workers. Some organizations will be more prepared than others for people working well past retirement age. Deloitte examined who our oldest workers are, what they need, what drives them, as well as how employers can create jobs that utilize the valuable set of skills they bring to the workplace.”

LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):

Bad news: Many can’t afford to stop working. Good news: More people working longer means more need and can afford LTCI longer.