Source: Associated Press-NORC Center for Public Affairs Research
From the summary:
….This study extends that research and examines new topics, including older workers’ efforts to improve their career skills and their plans to adjust the parameters of work in the later stages of their working life. The survey also tracks a number of attitudes and behaviors that were examined in 2013 surrounding issues facing older workers. The AP-NORC Center, with funding from The Alfred P. Sloan Foundation, conducted 1,075 interviews with a nationally representative sample of Americans age 50 and older.
These results provide insights for employers navigating new terrain as they face an older workforce, and for policymakers grappling with how to help older Americans with the transition into retirement.
Five things you should know from The AP-NORC Center’s Working Longer Study Among adults age 50 and older:
– Fifty-five percent plan to work past the age of 65 or have already done so.
Nearly two-thirds of those deciding to work past age 65 say they made this choice mostly for financial reasons.
– Twenty-five percent of those who are not retired say they never plan to retire.
– More than a quarter of workers have received job training or additional education in the past five years.
– Forty-one percent have spent at least 20 years working for the same employer, including 18 percent who have spent at least 30 years doing so. ….
Related:
Poll: Age, income factors in staying with single employer
Source: Adam Allington, Associated Press, May 10, 2016
A new poll says more than 40 percent of America’s baby boomers stayed with their employer for more than 20 years. But it’s unlikely that their children or grandchildren will experience the same job tenure.
The survey of more than 1,000 Americans 50 and older by the Associated Press-NORC Center for Public Affairs Research shows that 41 percent of those employed workers have spent two decades with the same company, including 18 percent who’ve stayed at least 30 years. …. The shift may be less about differences in attitude than changes in jobs — and benefits. About two-thirds of those who stayed with one employer for 20 or more years had a pension, according to the survey, compared with only a third of those who had never stayed that long with one employer. Those defined benefit pension plans are slowly disappearing. The Bureau of Labor Statistics reported that only 18 percent of private workers were covered by these plans in 2011, down from 35 percent in the early 1990s. ….