Employment is now a part of the retirement experience in the United States, and many newly retired Baby Boomers who are in a position to continue working are doing so for reasons beyond money, says a recent study.
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One third (28%) of retired Boomers are either currently employed or have been employed for pay during retirement. Of those currently working, more than six in 10 (61%) say they are working because they want to work, not because they have to work.
And Boomers are willing to work for less money in retirement. Nearly three-quarters (72%) of employed retirees report that their per-hour compensation in retirement is less than before retirement, with more than half (53%) reporting their hourly compensation now is much less than before retirement.
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