Boomers born between years 1946 and 1965, or “early boomers” are changing the American concept of retirement by continuing to work out of financial necessity, and putting off the start of a leisure-filled life.
Three-fourths of men and women in the past would have been retired between ages 60-65.
Less than 50 percent of early boomers will be retired by ages 65-69.
There will be a 50 percent rise in the number of people ages 65-74 years old in the next 10 years, a growth rate for that age group not seen in 50 years.
Thirty-seven percent of boomer men are college graduates, more than any age group of men, which means they are more likely to still work after age 65.