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WORKING PAST RETIREMENT
www.nbynews.com
More “retirees” are working into their work are they doing? Everything from
70s and 80s. Here are the surprising ranchers to crossing guards, salespeople to
statistics on senior employment, and how truckers. They’re not concentrated by race, Refreshed for the
working late in life affects everything ethnicity or region, but tend to hold jobs
Smart & Savvy Adult
from mood to mortality. that are less physically demanding.
Blanca Almonte retired at age 65 and Vice President of EP Wealth Advisors in
moved to the West Coast to live with her West Los Angeles Clint Camua Don’t want to wait for the mail?
younger sister. She’d immigrated to the remembers one of his clients who worked
U.S. from Mexico at the age of 12, and into her 80s, and two jobs at that.
gone on to earn a master’s degree in Email Subscriptions Available
social work. Almonte played a pivotal “She worked as an assistant to a judge
role in the founding of Family Focus, a from 7 a.m. to 3 or 4 p.m.; then, she would Interactive & Informative
Chicago-area nonprofit dedicated to go to the race track and be a security
helping the parents of young children. guard, carrying a weapon,” he recalls.
”We bought a house, got a couple of She didn’t need to work, although the
dogs and did a lot of gardening. But it just financial benefit was huge. Her savings For Seniors, By Seniors, About Seniors
wasn’t enough,” Almonte recalls. “It took continued to grow until she got sick and
me a while to figure it out, but I was moved into an assisted living facility, Check It Out!
missing a sense of making a difference.” where she is still socially active at the age
After a year of leisure, she went back to of 91.
work at a California non-profit helping
foster kids find their forever homes. Ten Top Reasons to Continue Working www.nbynews.com
years down the road, she is still on the
job. The extra money funds home · Social integration. Retirement is
remodeling and travel. Now, at age 75, initially extraordinarily exciting. “At first, that increasing wellbeing could help to
she enjoys perks like taking Fridays off. there is a honeymoon period where continue to work: the retirement savings
people go on vacation and spend time crisis, and the need to keep seniors improve physical health.”
with their grandchildren,” said professor · Physical health. Retirees benefit
Statistics Point to a Growing Trend Karl Pillemer, a gerontologist and director engaged. “It’s difficult to maintain a
Higher levels of education may be of the Bronfenbrenner Center for healthy lifestyle on an old-age pension,” from physical activity, like everyone.
fueling the trend to work later in life. Translational Research at Cornell Warner added. Things like keeping the Even if they commute to work and move
Only 15 percent of men between 60 and University. “But it wears off.” house warm, eating well and going on around on the job, that’s better than
74 had a college degree in 1985, but in holidays require income at any age. sitting at home. And that physical activity
2011, 32 percent did. Figures for women “In general, people who engage in These are all small things where a little is tied to mental well-being and
are lower but reflect the same rise. High- organized work have higher age of extra money will benefit you, he said. therefore, happiness.
status workers tend to be the norm mortality,” Pillemer said. “Working leads Patrick Thomson, senior program One caveat to note is that all of the
among older Americans; 61 percent of to other outcomes that are beneficial.” manager from the Center for Ageing described benefits are only applicable
workers ages 62 to 74 in 2009 held After a lifetime of routine and regular Better, agrees. “With extra income, you when people ‘choose’ to work in their
doctorates or professional degrees. Only human interaction, retirement can feel also delay drawing down on your later years.
28 percent of the group had stopped their isolating and lonely. Human interaction, pension or savings.” “If you’re forced for economic reasons
education after high school. even if it’s just with colleagues, can affect · Sense of purpose. When to work when you don’t want to ... that’s
The hottest demographic in the labor mental health and in turn, physical health. someone loses their defining role in life, not a good outcome,” Pillemer said. “It’s
market today are those working into Loss of work can correspond with a slide it can contribute to worsening mental a balance,” Warner said. “It shouldn’t
their 70s, 80s and beyond. The Bureau of in relationships. A recent study found that and physical health. A sobering report become an expectation. It should be
Labor Statistics reports this will be the working after retirement age could from the Institute of Economic Affairs encouraged.”
fastest-growing group in the near future. produce feelings of happiness when correlates retirement with decreased
For example, the rate of employment friends were at work. mental and self-assessed health. Some Editorial Comment:
among those age 75 and up is expected to “People who stay active socially, results indicated the probability of For those of us that are able to
work into our 80’s and 90’s;
more than double from 5 percent in 2002 physically and intellectually have less suffering clinical depression increased by I say “Grab On & Go for It!”
to 11 percent in 2022. Meanwhile, chance of developing dementia,” said Dr. 40 percent.
participation among younger groups is James Warner, an old-age psychiatrist at “The meaningfulness and sense of Working at anything is a
predicted to flat line or even dip. Imperial College London. He added that purpose that older people have in their privilege that gives us purpose and
Perhaps 85 is the new 55; America is “the biggest single risk factor for lives are also related to survival,” said an opportunity to share are
embracing 225,000 workers 85 or older in becoming depressed in the elderly is social Professor Andrew Steptoe, director of the experience and knowledge.
the last 12 months, the highest number on isolation.” University College London Institute of Working alongside younger
record. In fact, their ranks have doubled · Economic improvement. Two Epidemiology and Health Care. “The people causes all of us to learn,
since the Great Recession. What sort of problems are solved when older people findings raise the intriguing possibility share, grow and have an impact.
November 2018 21