Baby Boomers approaching retirement age are in for a rude awakening.
Many want to keep working, knowing that they likely will live well into their 80s and 90s, stay healthier than previous generations and need more cash to keep paying the bills.
However, for Boomers ”” those 79 million Americans born from 1946 through 1964 ”” “the new retirement reality may be a messy proposition,” says Alicia Munnell, director of the Center for Retirement Research at Boston College.
Jobs are scarce and many employers aren’t willing to hire older workers. Boomers who do land jobs often must settle for ones that are less fulfilling than desired.