The oldest boomers begin turning 68 next year, when they will exceed full retirement age for even the youngest of their generation. Yet many remain on the job and have pushed back their target date for calling it quits.
About half of the oldest boomers, born in 1946, have left their employer for good, according to a MetLife report. But 21% remain on the job full time and 12% are working part time. They have delayed retirement for reasons that range from hardship to simply wanting to stay in the game longer. On average, they now want to retire at 71; in 2008 the target retirement age was 66.