Majority of Americans Plan to Continue Working in Retirement
OMAHA, Neb.--(BUSINESS WIRE)--Nov 13, 2019--
Employees age 65 and older currently make up the fastest-growing segment of the American workforce 1. In fact, according to a new survey conducted by The Harris Poll on behalf of TD Ameritrade, the majority of Americans age 40 and older plan to continue working in a paid position after retiring. Often with a longer lifespan in mind, some are continuing to work to help make financial ends meet, while others are doing it to stay busy and keep their minds sharp.
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Majority of Americans plan to continue working in retirement (Graphic: TD Ameritrade)
“Gone are the days of retirement being seen as an essential, defined life stage, where an employee could expect to work for a company long-term and be taken care of after retiring,” said Christine Russell, senior manager of retirement and annuities at TD Ameritrade. “As the workplace landscape continues to evolve, Americans are going to need to make an assessment about what their retirement trajectory may actually look like, and plan accordingly.”
The rise of the unretiree
Many unretirees, those who plan to continue working in retirement or have gone back to work after retiring, plan to work 20 hours per week or more.
What forces are driving unretirees?
The effects of living longer
Americans are living longer than previous generations 2, which is shifting their employment timelines, along with their spending and saving behaviors.
About TD Ameritrade Holding Corporation
TD Ameritrade provides investing services and education to approximately 12 million client accounts totaling approximately $1.3 trillion in assets, and custodial services to more than 7,000 registered investment advisors. We are a leader in U.S. retail trading, executing an average of approximately 800,000 trades per day for our clients, more than a quarter of which come from mobile devices. We have a proud history of innovation, dating back to our start in 1975, and today our team of 10,000-strong is committed to carrying it forward. Together, we are leveraging the latest in cutting edge technologies and one-on-one client care to transform lives, and investing, for the better. Learn more by visiting TD Ameritrade’s newsroom at www.amtd.com, or read our stories at Fresh Accounts.
Source: TD Ameritrade Holding Corporation
About The Harris Poll
The Harris Poll is one of the longest-running surveys in the U.S., tracking public opinion, motivations and social sentiment since 1963. It is now part of Harris Insights & Analytics, a global consulting and market research firm that strives to reveal the authentic values of modern society to inspire leaders to create a better tomorrow. We work with clients in three primary areas; building twenty-first-century corporate reputation, crafting brand strategy and performance tracking, and earning organic media through public relations research. Our mission is to provide insights and advisory to help leaders make the best decisions possible. TD Ameritrade is separate from and not affiliated with the Harris Poll, and is not responsible for their services or policies.
This survey was conducted online within the United States by The Harris Poll on behalf of TD Ameritrade from August 30 to September 10, 2019, among 2,000 U.S. adults ages 40-79 with at least $25,000 in investable assets. The audience was divided into four decades: 40-49 (n=500), 50-59 (n=500), 60-69 (n=500) and 70-79 (n=500). Of those survey, 653 identified as unretirees, which is defined as those who plan to continue working in retirement or went back to work after retiring.
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CONTACT: For Media:
Becky Niiya, 402-574-6652
Director, Corporate Communications
Jeff Goeser, 402-597-8464
Managing Director, Investor Relations
KEYWORD: UNITED STATES NORTH AMERICA NEBRASKA
INDUSTRY KEYWORD: BANKING PROFESSIONAL SERVICES WOMEN SENIORS MEN LABOR PUBLIC POLICY/GOVERNMENT INSURANCE CONSUMER HUMAN RESOURCES FINANCE
SOURCE: TD Ameritrade Holding Corporation
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PUB: 11/13/2019 08:30 AM/DISC: 11/13/2019 08:30 AM