In general, a shift away from pension plans is driving more older Americans to continue working well into their retirement years as freelancers. Baby boomers’ willingness to dive into non-traditional work is as much a sign of the changing times as it is a strategy to bulk up nest eggs, rebound from job loss, or transition from a 9-to-5 into retirement.
There’s another, more intangible, factor at play: longevity. Improved health means Americans are feeling more capable than ever, the report found. Seventy-seven percent of over-65 workers said there are no limitations in the kind of work they can do.