"Even the briefest exploration of books written for pre- and post-retirees finds an exhortation to continue working even after reaching retirement age. The benefits are noteworthy: feelings of productivity and achievement, obtaining social support from colleagues, intellectual stimulation, and maybe even physical exercise. These books inform us that reduced hours, transitioning to a less stressful job, becoming an entrepreneur, or even beginning a second (or third) career are viable options."
"Financial insecurities restrict many older employees' ability to leave the labor market even when facing serious health issues or adverse working conditions. One early study (Benjamin, Pransky & Savageau, 2008) found that older workers unable to leave their jobs faced increased risk of work-related injuries and exacerbation of chronic illness. Taylor (2019) also cautioned that continued labor market involvement by older people comes with health risks."
Continuing to work past retirement can provide productivity, achievement, social support, intellectual stimulation, and physical activity. Reduced hours, less stressful roles, entrepreneurship, or second careers can maintain well-being for voluntary older workers. A 2014 study found older voluntary workers reported more well-being than retirees, but benefits do not apply to those who remain employed involuntarily. Financial insecurity forces many older employees to delay retirement despite poor health or adverse conditions. Studies link involuntary delayed retirement to higher risks of work-related injury, worsening chronic illness, and other health harms. Change is needed at societal, workplace, and individual levels to address this dilemma.
Read at Psychology Today
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