People define retirement in different ways, but generally, the gist is that you’re no longer working.
For the current generation of retirees, that is largely the case. Among currently retired people, 71% say they’re not working in any capacity, according to CNBC’s August 2024 Your Money retirement survey conducted with SurveyMonkey. Among those who are working, 17% say they’re doing so by choice, with just 11% reporting working because they have to.
The next generation of retirement savers seems less eager to relax once they leave their 9-to-5. Just 11% of would-be retirees surveyed by CNBC say they don’t plan to work in any capacity after they retire. More than a third of respondents — 36% — say they’re not sure, while the majority, 53%, anticipate working, either because they’ll want to or to supplement their income.
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