From Sun Life Financial's latest survey of retirement attitudes:
- The number of Americans who plan to work past age 67 are higher than ever.
- A record 55% will now work full- or part-time; up from 52% one year ago.
- The number who plan to work full-time past age 67 reached a new high of 28%; up from 19% one year ago.
- The No. 1 reason that workers plan to continue working past the age of 67 is to earn enough money to live well with 84% citing it. ubsequent reasons were staying mentally engaged (81%), loving their career (65%) and health care benefits (63%).
- "Not believing Social Security will be available" climbed sharply with 58% citing it as a reason to work, over 47% a year ago.
- There was also a sharp rise in workers who said they will need to work longer than they had planned because of the economic crisis. 65% said they will have to work more than one year longer, compared to 54% in the last Index. 27% said they will have to work more than five years longer, compared to 24% in the last Index.
