ORCID

Halvorsen, https://orcid.org/0000-0002-9184-633X

Language

English (en)

Publication Date

10-2025

Summary

The traditional notion of retirement—stopping work completely to focus on personal pursuits in one’s golden years—is not guaranteed. In the United States, three in four adults plan to work past age 65. Many older adults continue working due to financial necessity, including rising healthcare costs, insufficient retirement savings, and gaps in pension coverage. Low-wage workers, in particular, may struggle to retire at all, forced to keep working to afford basic necessities such as housing and food. Older adults also seek employment for their personal health and well-being, such as staying physically and mentally active, finding a sense of purpose, and maintaining social connections.

Document Type

Brief

Comments

Issue Brief #2025.14

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