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Most U.S. employed adults plan to work past retirement age

Staff Writer |
Nearly two in three employed U.S. adults, 63%, say they plan to work past retirement age, but on a part-time basis.

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An additional 11% say they will work full time once they hit retirement age.

A quarter of employed Americans say they will stop working altogether.

These results come from Gallup's Economy and Personal Finance survey, conducted April 5-9. As in 2011 and 2013, the two previous times Gallup asked this question, working adults are most likely to say they intend to "continue working, and work part time."

Over the same time period, the percentage who say they plan to "stop working altogether" has ticked up.

Of those who say they will continue working, but only full time, the majority plan to do so because they want to, not because they have to.

The proportion of "want to" versus "will have to" explanations has edged up slightly since 2013. The percentage who say they "want to" keep working part time has also risen, from 34% to 44%.

There has been a decline in nonretirees' intentions to continue working full time, from 9% "will have to" in 2013 to 5% today, while the percentage who "will have to" work part time has dropped from 26% to 18%.

Regardless of their retirement-age plans - whether they work full time, work part time or stop working - employed adults mostly say their choice is out of preference rather than necessity.

The vast majority of those who plan to stop working say it is because they want to rather than will need to.

Also, by a better-than 2-to-1 ratio, those who plan to continue working part time say it is something they want to do, rather than will have to do.

Nonretired U.S. adults are split on when their "retirement age" actually will be, but the greatest percentage (39%) say they expect to retire after age 65, about the same as last year.

Roughly one in four expect to retire at exactly age 65, while 29% believe they will retire before then.


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