Close to half of workers plan to continue working past the traditional retirement age of 65, according to new research.
John Hancock Financial, a unit of Manulife, discloses this finding in its “2014 John Hancock Investor Sentiment Survey,” a quarterly poll of affluent investors. The survey measures investors’ views on the current economy and what they believe to be a good or bad investment in the current environment.
The report reveals that more than four in ten investors (45 percent) plan to work during their retirement years. More than one-third (34 percent) of this group plan to take a new part-time job and 29 percent intend to continue to work at their existing job on a part-time basis.
When asked why they plan to work in retirement, significant percentages of respondents cite the following reasons:
Working in retirement will help them to stay mentally and physically healthier (70 percent)
They like feeling productive (60 percent)
They would be bored without work (51 percent)
Just over a third of those polled (35 percent) want to keep contributing financially to their families. And about a third (32 percent) enjoy their current job.