Post-retirement jobs needed mostly to help pay bills, with people working part time an average of 40 weeks a year.
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Retiring to Work: To afford their retirement, an estimated one-third of baby
boomers and other workers “return to some level of employment,” according to
researchers. In a paper titled “Is Retirement Being Remade?” researchers Sewin
Chan and Ann Huff Stevens say more workers are opting for “gradual retirement”
by reducing their hours over time, while a handful of people “reverse” their
retirement to return to the labor force. On average, partially retired people
are working about 40 weeks a year, for an average of 16 hours a week, and may
hold the jobs as long as five years. Chan and Huff made their presentation
during a recent conference at the University of Pennsylvania’s Wharton School.
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