Remarks
Not Prepared for Retirement? Here’s a Solution: Don’t Retire
The aging of society won’t be a crisis if healthy older people keep working, new research shows.
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Lots of people around the world aren’t prepared for retirement, as my Bloomberg News colleague Suzanne Woolley ably explained recently. There’s one obvious solution to that problem: Postpone your retirement.
A recent academic study called The Power of Working Longer, cited in the New York Times, finds that working just three to six months longer can raise your retirement income as much as increasing your savings by 1 percent every year for the last 30 years of your career.