Getting Out Later

Physician's Money Digest, January15 2005, Volume 12, Issue 1

More of America's workers are hopingto stay on the job longer, according toa recent Gallup Poll. Almost three of fiveworkers surveyed say they won't retireuntil after age 62, compared with lessthan half, who said the same in a polltaken 2 years ago. And back in 1998,when the economy was red hot, justslightly more than a third said they wouldwait until age 62 to retire. The lethargiceconomy is partly to blame for theincrease, along with a rapid rise in thecost of health care, particularly prescriptiondrugs. Also, according to the poll,only about 13% of those who havealready retired are in jobs that earn themextra money, a discouraging note for the47% of nonretirees who say they hope tofind work after retirement to supplementtheir income.