Partial retirement wasn’t all that common in 1960. More than 50 years later, a substantial percentage of people hold a “bridge” job before they stop working for good.
In fact, 20% of workers between the ages of 65 and 67—and analyzed in a recent University of Michigan Retirement Research Center study—are partially retired, up from 5% to 10% in 1960. More workers are slowing down earlier, too: 15% of those 60 to 62 years old are partially retired. According to the report, In 1960, partial retirement among this younger group was “virtually non-existent.”
Read the full article at MarketWatch.