Why Baby Boomers Want to Continue Working

Working or returning to work could feel good to you for quite a variety of reasons, if only because it’s hard to wake up in the morning and have no place to go.

And if that’s how you feel, you’re certainly not alone. As of 2012, the older edge of the Baby Boomers to reach retirement age first – those born in 1946 and slightly after – are retiring at an average age of 71. This age is up significantly from just the previous year (2011) when the average retirement age was 69, as well as 2008 when the average age was 68.

In fact the most recent studies indicate that more than 9 in 10 working middle-income baby boomers expect to be working past the conventional retirement age of 65, according to Bankers Life Center for a Secure Retirement.

Why does Working Matter to Us?

The World of Work provides for many of our most basic needs, far beyond the fact that it sustains us financially or has provided the dollar input collected through the years for the Social Security payments we will someday receive.

Work gives us something to do, which is sometimes simply about passing time but more often about making a difference for others as well as ourselves. Most of us have a very strong emotional connection to working because it satisfies our needs for social connection along with contributing to our strong self worth. [Read more…]