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April 03, 2006 at 11:38 AM
Many senior citizens are still in the labor force.
About 78% of Americans ages 55 to 59 are working or looking for work, according to results of a survey commissioned by a unit of MetLife Inc., New York.
Although the percentage falls to 60% for the 60-65 age group and 37% for the 66 to 70 age group, the results show that a large minority of older Americans are not fully retired.
Across all 3 age groups studied, about 15% of workers have accepted retirement benefits from previous employers and then returned to work or set about looking for work, MetLife researchers report. The percentage of individuals who fit in the “working retired” category rises to 19% in the 66-70% age group, from 11% in the 55-59 age group.
