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Retirement Planning > Retirement Investing

Allstate: Boomers Expect To Work In Later Years

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NU Online News Service, Aug. 28, 1:06 p.m. – More than two-thirds of baby boomers believe they will continue to work after they reach the normal retirement age, according to survey results from Harris Interactive Inc., Rochester, N.Y.

The researchers who conducted the survey, sponsored by The Allstate Corp., Northbrook, Ill., interviewed 1,400 people born between 1946 and 1961 over the telephone. Participants all had annual household incomes between $35,000 and $100,000.

The researchers found that 71% of the participants expect to work.

Sixty-three percent say they like the social interaction at work, and 57% say they actually enjoy their jobs.

But 47% admit they will need to work to supplement their retirement income.

Sixty-two percent of the men interviewed say they will work because they like working, compared with 53% of the women.

Sixty-nine percent of the women say they will work for the sake of the social interaction, compared with 56% of the men.


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