Press Release Summary = Presently, because of the high rate for health insurance and often-measly savings for retirement, many seniors past the retirement age find it preferable to stay on working on their jobs...
Press Release Body =
Presently, because of the high rate for health insurance and often-measly savings for retirement, many seniors past the retirement age find it preferable to stay on working on their jobs primarily for economic reasons. Last year in California, people with the age range of 65 to 69 years old comprised 26.5 percent of the employment force. According to the California Budget Project, this percentage is a significant increase of 19.6 percent from statistics of employed retirees ten years ago.
Los Angeles, California, May 28, 2007 - Other reasons why some retirees keep on working because they still have the ability to work and still want to continue on working. Usually, they delay their retirement for later and change to a job that is less strenuous or they work part time elsewhere.
According to Victor Marshall, \"The fact is people are healthier, they are living longer and, for some, they just don\'t want to stop working.\" Marshall is the director for the Institute on Aging of the University of North Carolina.
Furthermore, Marshall declared that retirement does not mean automatically going to the front porch, sitting and doing nothing. Some people simply like to stay quite busy.
The Met Mature Market Institute reported in 2006 their survey findings that 72 percent of the people between 66 and 70 year olds chose to continue on working just for the reason that they wanted to keep on being \"active and engaged.\"
Meanwhile, nearly half of them stipulated that they sought an opportunity to perform \"meaningful work.\" Forty two percent of them kept on working because they enjoyed the social interaction they are experiencing with others.
According to Marshall, many employers, mostly in retail and service industries, are having realizations of the genuine value of older workers.
Moreover, Marshall said, \"There is a wealth of talent out there, and some companies are tapping that talent. It\'s why when you go to a hardware store, the guy you look for is not the college kid but the guy who looks like he probably owned his own hardware store.\"
A president of a staffing agency, Denham Resources in Fresno, California, Kathy Bray, has been consistently hiring older workers during the past years. She is expecting to see many older workers applying in her agency as the U.S. population of 65 years old and above grows. By 2030, the increase of 65 years old and above employees is projected to increase by 19.6 percent.
\"Things are changing. Older workers like the flexibility that part-time work gives them, and our clients like the job that they do,\" Bray declared.
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2025
