Young people plan on working well into retirement — not necessarily due to financial need, but because they want to stay active and involved. This is according to new survey results from T. Rowe Price, showing that 69% of respondents between the ages of 21 and 50 plan to work either part-time or full-time during their retirement years. Among those who plan to work at least part-time, most (75%) will do so because they want to stay active and involved; only 23% believe they will do so because they will not have saved enough money.

Of course, this is all a guessing game for respondents , but it does offer a slightly less pessimistic outlook than previously showed in other studies. The study looked at the investing practices of Generation X and Y who had at least one investment account.

Register or login for access to this item and much more

All Employee Benefit News content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access