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Millions of Americans are working past 65, and it's not because they can't afford to retire

Millions of Americans are working past 65, and it's not because they can't afford to retire
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More retirement-age Americans, mostly baby boomers, are working today than ever before, but it's not because they need the money.




The largest increase in people working past 65 has been among those in the best shape for retirement: highly educated people with high incomes, says Lincoln Plews, a research analyst at United Income.




The biggest reason for working longer? They're healthier than they've ever been.




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Not all baby boomers are itching to retire. The greatest share of older Americans in more than 50 years are working well into their 60s, and it's not because they need the money.
That's according to newly released data from the Census Bureau and Bureau of Labor Statistics (BLS) analyzed by investment and financial-planning firm United Income. As of February, about 20% of Americans over age 65 a total of 10.6 million people are either working or looking for work, representing a 57-year high.
Today's over-65 population includes baby boomers, defined by Pew Research as ages 55 to 73, and the silent generation, ages 73 and up. The data do not show the specific age breakdown of retirement-age workers.
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