Sixty-three percent of respondents told an Allianz study they would likely continue working at least part-time during their retirement.
The golden years might be over, as more and more Americans prepare to keep working through their retirement.In an Allianz Life study, 63 percent of respondents said they would likely continue working at least part-time during their retirement to supplement their incomes, and 15 percent said they couldn't see themselves ever fully retiring.
Both Social Security and Medicare's funding are predicted to become insolvent by the 2030s, and seniors could receive reduced benefits or coverage if nothing is done to address this.Historically, Americans have been covered by pension plans, which often allotted them the bulk of the money they needed for retirement. While roughly half of private sector workers had pension plans in the mid-1980s, that number was just 15 percent in 2022.
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