Retirement was once seen as the final chapter of a working life, but for many individuals over 65 years old, the desire to stay employed is stronger than ever. A recent University of Michigan National Poll on Healthy Aging found that older workers experience greater job satisfaction, health benefits, and a renewed sense of purpose by continuing their careers past retirement age.
While financial security plays a role, the study reveals that many older adults find fulfillment beyond a paycheck.
How Many People Over 65 Are Still Working?
The study surveyed 3,486 adults aged 50 to 94 across the United States, uncovering significant trends in the workforce:
- 63% of adults aged 50-64 are actively employed.
- For those 65 and older, employment drops to 18%, but many choose to stay in the workforce.
- Among older workers, 78% work full-time, while 22% prefer part-time employment.
- 83% of older workers are employed by a company, while 17% are self-employed.
- Work environments vary, with 15% working remotely, 17% in a hybrid setup, and 69% working on-site.
These numbers highlight the changing perceptions of retirement, where many individuals opt to continue working instead of fully retiring.
What Are the Health Benefits of Working Past Retirement?
The study found that working beyond 65 offers multiple physical, mental, and emotional benefits.
- Physical Health Benefits – Staying active at work reduces the risk of chronic illnesses, improves mobility, and keeps individuals engaged in daily routines.
- Mental Health Improvement – Older adults who continue working report higher cognitive function and a lower risk of depression.
- Emotional Well-Being – Engaging in work provides social interaction, reducing feelings of loneliness and isolation.
According to Poll Director Dr. Jeffrey Kullgren, “Our perceptions of working after age 65 have changed over time, and these data suggest that most older adults who are still able to work after the traditional retirement age derive health-related benefits from doing so.”
Why Do Older Adults Choose to Work Beyond Financial Security?
While earning a paycheck remains a motivation, older workers report that their main reasons for continuing employment extend beyond money.
What Motivates Older Adults to Keep Working?
- Sense of Purpose – Many older adults find meaning in their work, feeling valued and productive in society.
- Financial Security – While some work to maintain financial independence, others use their income to support their families or save for long-term security.
- Social Engagement – The workplace provides opportunities to stay socially active and interact with colleagues, reducing isolation.
- Mental Stimulation – Continuing work keeps the mind sharp, preventing cognitive decline.
- Health Benefits – Staying engaged in the workforce helps older adults maintain physical and mental well-being.
For many, retirement no longer means stepping away from work entirely—instead, they seek flexible employment options that allow them to balance work with personal interests.
What Does This Mean for the Future of Retirement?
The traditional retirement model is evolving, with more people choosing to extend their careers rather than fully retiring. As companies adapt to an aging workforce, more organizations are offering:
- Flexible work arrangements (remote and hybrid options).
- Part-time roles for older employees.
- Job opportunities tailored to retirees seeking fulfillment beyond financial needs.
With better health, longer life expectancy, and changing financial priorities, the future of retirement may no longer mean an exit from the workforce—but a transition into meaningful and flexible work.
FAQs
Why do people over 65 continue working?
Older adults work beyond retirement for reasons beyond money, including a sense of purpose, social engagement, and health benefits.
How does working after 65 benefit physical health?
Staying employed keeps older adults active, reduces the risk of chronic diseases, and improves overall mobility and well-being.
Do older workers prefer full-time or part-time jobs?
According to the study, 78% of older adults work full-time, while 22% prefer part-time jobs for flexibility.
How does working improve mental health for retirees?
Older workers report lower stress, reduced depression, and increased cognitive function due to workplace engagement.
What percentage of older adults still work past 65?
The study found that 18% of people over 65 are still working, with many choosing to do so voluntarily.
Are companies adapting to an aging workforce?
Yes, businesses are offering flexible roles, hybrid work options, and part-time opportunities to accommodate older employees.
What is the biggest motivation for older adults to continue working?
Beyond financial security, having a purpose, maintaining social connections, and staying mentally active are key motivations.
Will retirement change in the future?
Yes, as life expectancy increases and more people seek fulfillment beyond traditional retirement, flexible work options are becoming more common.
Aanchal is a passionate writer with a keen interest in storytelling, content creation, and creative expression. She enjoys exploring diverse topics and crafting engaging narratives that captivate readers.
