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If you’re still working well into your 60s, odds are you’re doing so to bolster your finances.
More than 6 out of 10 people polled by Provision Living said that they’re working into retirement purely for financial reasons.
The company, a provider of senior living communities, surveyed 1,032 people in August. The participants were between the ages of 65 and 85, and they still worked either part-time or full-time.
“I can’t afford retirement” was the top financial driver behind why these individuals continued working, followed by “I’m supporting family.”
“I’m paying off debt” rounded out the top three financial motivations that kept older people in the workplace.
“When you have less than ideal retirement savings and you’re aging, that comes with additional medical costs and unforeseen expenses,” said Tricia Harte, a spokesperson for Provision Living.
“One reason why they’re working past that age could be to keep those workplace benefits and keep…