When approaching the traditional retirement age, some people choose to retire and never work again while others choose to remain in the workforce. This telephone survey of 800 New Mexico AARP members age 50 to 70 explores their current employment status, plans about what to do about the retirement question, and reasons for continuing to work or look for work.
Of those surveyed...
- 41 percent are working or looking for work
- 70 percent of those working again or looking for work are likely to put off full retirement and work for as long as possible
- 15 percent are retirees who are working again or looking for work
- 36 percent are fully retired
Among member who are not retired, the most important factors in their decision to continue working are:
- a challenging job (69%)
- health insurance coverage (65%)
- earning money (62%)
- wanting to stay involved and connected to others (60%)
This telephone survey from a list of randomly selected New Mexico members between age 50 and 70 was conducted for AARP by Woelfel Research, Inc. between October 3rd and 9th, 2006. Further information about the survey may be obtained by contacting the report's co-author, Joanne Binette, at 202-434-6303. (26 pages)