Recent research indicates that American workers aged 55 and older who work remotely at least one day a week are less likely to retire than their in-person counterparts. Specifically, those who worked remotely were 14.4% less likely to retire within a year, with the trend observed even after accounting for other variables. This suggests remote work not only persists post-pandemic but aids in lengthening careers for older workers, who may need the additional time to save for retirement. Financial professionals are noticing this shift in their clients' retirement plans, advocating delayed retirement due to flexible work arrangements.
Among American workers age 55 and up, those who worked remotely at least one day a week were 14.4% less likely to retire by the following year compared to in-person employees.
The good news from this brief then is that remote work seems to facilitate, not impede, longer careers.
Although the scale of remote work has fallen from its pandemic-era high, remote and hybrid jobs still compose a much larger share of the job market than before the pandemic.
Financial advisors say they've seen the impact of remote work on their clients who decide to delay their retirement.
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