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PSY 180 - Psychology of Aging - Textbook

Title

 

Older Americans Are Increasingly Unwilling — Or Unable — To Retire

Older Americans Are Increasingly Unwilling — Or Unable — To Retire by Ina Jaffe  © 2020 NPR. All rights reserved.


Basic Terms

  • outlier
  • reasons for not retiring
  • 401(k) account
  • median savings of Baby boomers
  • social security
  • reasons for elderly to stop working
  • AARP survey of older workers
  • food bank
  • retiring with purpose
  • volunteering

 

(Learning Objectives, Key Points, and Basic Terms content by Professor Stacey Cooper is licensed under CC BY 4.0.)


"Bob Orozco barks out instructions like a drill sergeant. The 40 or so older adults in this class follow his lead, stretching and bending and marching in place.

It goes like this for nearly an hour, with 89-year-old Orozco doing every move he asks of his class. He does that in each of the 11 classes he teaches every week at this YMCA in Laguna Niguel, Calif.

'I probably will work until something stops me,' Orozco says.

He may be an outlier, still working at 89, but statistics show that there may be more people like him in the near future. About 1 in 4 adults age 65 and older is now in the workforce. That number is expected to increase, making it the fastest-growing group of workers in the country."