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(NAPS)—As the median age of Ameri-cans rises and more baby boomers preparefor important decisions—like when to takeSocial Security and when to exit the work-place—a new study called the Sun Life
Financial Unretirement Index is nding
that many of the traditional attitudes aboutretirement no longer apply.For example, almost half (48%) of theAmerican workforce believes it will stillbe working at age 67—and four of the
ve top reasons given were not nancial
in nature. Instead, the most cited reasonfor continuing to work (83%) was “to staymentally engaged.”The Sun Life Financial Unretirement
Index is a rst-of-its-kind measure to track
the changing attitudes and expectationsAmerican workers have regarding retire-ment. The Index gauges how economic,
nancial and societal forces are impact
-ing working Americans’ perceptions of their ability to retire, and as these factorsand other market forces change, whetherworkers believe they will have a “tradi-tional” retirement or will enter the ranks
of the “unretired.” Unretirement is dened
as working at least 20 hours per week afterthe age when one is eligible to receive full
Social Security benets.
“As our workforce evolves and at-titudes are impacted by economic condi-tions and world events, the nature of re-tirement in America evolves as well,” saidBob Salipante, president, Sun Life Finan-cial U.S. “Traditional views on retirementare quickly evolving and more Americansare choosing to be unretired.”Nearly 40% of workers surveyed withhousehold assets of more than $500Kstill plan to work at least part time, whileoverall, more than 77% of those planningto work beyond age 67 will do so to earnenough money to live well.The Index also examined a broadarray of factors including economics,
health care, personal nance and govern
-
ment benets and their potential impact
on Americans’ plans for retirement.It found that only 46% of those surveyed
are “very condent” that they will have
enough money to take care of basic livingexpenses at the traditional retirement age
of 67. Only 28% are “very condent” that
they will be able to take care of medical
expenses and 26% are “not at all con
-dent” that they will be able to do so.
To learn more about the Unretirement Index, visit the Web site at www.unretire-mentindex.com.
New Index Helps Determine Future Of Retirement
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