70% Of Americans Plan On Working Past Retirement

Retirement used to mean that an individual doesn't have to work anymore. However, a new survey conducted by Bankrate indicates that only 25 percent of people have no plans to continue working during retirement.

According to Bankrate, 70 percent of non-retired Americans plan on working as long as possible during their retirement. Of those, 38 percent indicated they choose to work because they enjoy doing so, while 35 percent plan to work because they need to continue earning money.

Twenty-seven (27) percent indicated that they need to work for the money, but they also enjoy working.

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"Working during retirement brings a lot of benefits," said Jill Cornfield, Bankrate.com retirement analyst. "I'm not surprised that nearly three-quarters of people said they'd like to work as long as they can while in retirement. It's not just the money. When you can work as a consultant or find some part-time gig, it really helps you stay sharp."

Expanding on finances, Bankrate noted that 70 percent of non-retirees expect Social Security to account for some of their income following retirement, including 10 percent who are depending on Social Security to account for all of their income.

Among all of the age groups, 32 percent of millennials aren't expecting to see any money whatsoever from Social Security when they retire.

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