Gallup Poll: The percentage of Boomers who will not retire at 65 climbs to…

A new Gallup poll, conducted last month, confirms – yet again – that more and more Baby Boomers are not planning to stop working at the “traditional” retirement age of 65.

According to this poll, 39 percent said they expect to retire at age 66 or older, and a further 10 percent said they expect to retire…um, never. Add the two together, and you get 49% – just under half.

Of the others, 24% expect to retire on schedule at 65, and 27% said they’ll retire at 64 or younger.

The trend to working longer is, as we’ve seen, driven by three ¬†factors coming together at the same time: increased longevity (and therefore, the need to have cash for more years), Boomer underfunding (a shockingly high number have saved up less than $50,000), and the lifelong Boomer attitude to work (we like it). I expect the percentage who don’t retire at 65 to keep on climbing.

 

Watch me on The Zoomer, with Conrad Black and Denise Donlon, tonight at 9 on Vision TV

I’m pleased to be back on the panel again, and the topic is: the workplace. We had a lively discussion, and you’ll recognize many of the issues, from following this blog. Watch The Zoomer tonight (Monday, January 20) on Vision TV, at 9.00 p.m.

If you want more information on the program, visit the web site here. You can also watch my two previous appearances on the show, on October 15 when we discussed “age rage” and the apparent “war of the generations,” and on November 18¬†when we talked about the state of Zoomers – pensions, aging, and a whole lot more.

I hope you’ll be watching tonight — and let me know your reaction!