This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Majority Of Workers Plan To Work After Retiring, CareerBuilder Survey Finds

Stocks in this article: GCI MNI





CHICAGO, Feb. 27, 2013 /PRNewswire/ -- More people may be spending their "Golden Years" at the office.  A new study from CareerBuilder shows that retirement no longer means the end of one's career.  Sixty percent of workers age 60-plus surveyed said they would look for a new job after retiring from their current company, up from 57 percent last year.  The nationwide survey was conducted online by Harris Interactive © on behalf of CareerBuilder.  It included more than 680 U.S. workers age 60 and older and more than 2,600 hiring managers and human resources professionals between November 1 and November 30, 2012.

When asked how soon they think they can retire from their current job, more than one-in-ten (12 percent) respondents said they don't think they'll ever be able to retire. Other responses included:

  • 1-2 years – 27 percent
  • 3-4 years – 20 percent
  • 5-6 years – 27 percent
  • 7-8 years – 6 percent
  • 9-10 years – 5 percent
  • More than 10 years – 4 percent

There is good news for mature workers who are putting off retirement.  Employers are looking to hire more seasoned staff, with 48 percent of employers planning to hire workers age 50-plus this year, according to the survey.  Forty-four percent said they hired workers age 50-plus in 2012. Seventy-six percent of the employers surveyed would consider an application from an overqualified worker who is 50-plus, with 59 percent of employers saying mature candidates bring a wealth of knowledge to an organization and can mentor others.

"We're seeing more than three quarters of mature workers putting off retirement, largely due to financial concerns, but also as a personal decision made by people who enjoy their work," said Brent Rasmussen, President of CareerBuilder North America.  "The majority of workers who have talked with their bosses about staying on past retirement found their companies to be open to retaining them.  If you're approaching retirement age but hope to continue working, an open line of communication is very important."

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,078.89 +48.68 0.27%
S&P 500 2,090.30 +8.42 0.40%
NASDAQ 4,800.3320 +26.86 0.56%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs