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.
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