The average retirement age was considered to\nbe around 65 for men and 63 for women. Senior citizens, after a certain age,\nwere expected to stop working. However, this may no longer be the case in the\nfuture. According to a report by the Bureau of Labor Statistics, by 2028,\nnearly 23% of people aged 65 or more will continue to work. This number is set\nto increase further in the\ncoming years, and there may soon come a time when it won\u2019t be uncommon to see\nan elderly employee working past the age of 65. <\/p>\n\n\n\n
There may be several reasons for people to delay their retirement, right from a lack of retirement savings or financial stability to wanting to maximize your Social Security benefits<\/a>, or having significant debt to pay off. If you wish to have a comfortable retirement, it is advised that you consult with a professional financial advisor<\/strong><\/a> who can help you boost your savings and ensure you are on the right track to meet your retirement goals.<\/p>\n\n\n\n Let’s read further to understand why certain elderly employees won’t retire by 65.<\/p>\n\n\n\n Table of Contents<\/p>\n