culture, politics, commentary, criticism

Wednesday, February 08, 2006
Put your dreams on hold. It's the healthcare, stupid (
Investment Advisor Magazine):
Who doesn’t have great dreams for their retirement, grandiose plans for what they’re going to do with all that free time?

Well, folks, you might as well put those dreams on hold, because most of us are apparently only going one place after we retire: Right back to work. According to a recent survey released by Putnam Investments entitled “The Working Retired,” that much-anticipated phase of life that is retirement is increasingly proving to be nothing more than a very brief hiatus for much of America’s working population. The survey found that seven million previously retired Americans returned to work for pay after a non-working hiatus that averaged only 1.5 years.

The number of working retired is only going to increase in the coming years, says David Tyrie, director of retirement services at Putnam. The survey states that 67% of the current workforce aged 40 or older plans to resume working after they retire, and in most cases, it is not because people want to, but because they feel they have to.
It's not new but it's more relevant than ever. Here is the original survey.
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