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Boomers plan to work during retirement years

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A majority of baby boomers say they plan to continue working during their retirement, and half of adults ages 50 to 70 say they want that work to involve serving their communities, a new study says.

The “New Face of Work Survey” was conducted by Princeton Survey Research Associates International in Princeton, N.J. and presented by the MetLife Foundation in Long Island City, N.Y. and Civic Ventures in San Francisco.

Almost eight in 10 respondents ages 50 to 59 say they are interested or very interested in doing work that helps others, or “good work,” during their retirement, with education and social services jobs mentioned most often.

In finding a job in retirement, almost six in 10 respondents say working with others is important and the same number say they want to have a sense of purpose in their work.

Half of women in their 50s say helping others is a critical job component, compared with three in 10 men, the study says, and African Americans are more interested than are whites in finding work that benefits others.

“We have a chance to make the most of a huge human resource windfall by capturing years of investment in human and social capital,” Sibyl Jacobson, president and CEO of the MetLife Foundation, says in a statement.

However, only about one in 10 people surveyed believe it will be easy to find jobs that benefit others, the survey says.

To encourage older Americans to work in schools or social services arenas, six in 10 respondents suggest providing tax breaks and almost half favor providing funding for continued education and training in those fields.

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