Politics / Press Releases

Working Past The Traditional Retirement Age Offers Psychological Benefits As Well As More Money To Pay For Necessities, says AMAC

retirement money workWASHINGTON, DC – Retirement isn’t what it used to be—a time for taking it easier in our old age and avoiding the stress and excitement of the workaday world.  Maybe it’s because we are living longer than ever before making retirement a pricey option.  Then again, perhaps the miracles of modern medicine can make us more energetic in our sixties, seventies and eighties and more seniors find a sedentary lifestyle is just too boring.

The fact is, according to the Association of Mature American Citizens, more of us are opting for active, productive lives as we grow older.  In fact, the Bureau of Labor Statistics reports that the labor participation rate for men 65 to 69 years of age in 1994 was 26.8% and that by 2024 it will be 40%.  As for women in the same age group, just 17.9% remained in the workforce in 1994 but by 2024 32.8% of them will still be employed.

AMAC president Dan Weber says that “while working past the traditional retirement age of 65 is a necessity for many seniors, it also provides psychological and emotional benefits.  Research shows that many older workers say they like what they do for a living and that working makes them feel valued.”

The Milken Institute Center for the Future of Aging put it this way in recent testimony provided to the U.S. Senate Committee on Aging: “A growing body of research suggests that purposeful aging, engagement, and working toward goals as we age, offer significant health benefits for older adults and solutions to an array of other societal challenges.  It is well documented that purpose is important for longevity as well as vitality, productivity, and lower rates of cognitive decline, stroke, and heart attack.”

Weber points out that older Americans are active these days and don’t like the idea of giving up their careers.  “Seventy is the new 50, but some seniors feel like they are 40 years old again.  For one thing, people are not only living longer, they’re living healthier, more active lives and so the concept of retirement has undergone a remarkable change.”

Every day 10,000 people in the U.S. reach the age of 65 and it is worth noting that with the aid of modern medicine 25% of them will live past the age of 90.

“It boggles the mind to think about wasting all the irreplaceable experience and knowledge that these older workers have gained over their lifetimes.  It is truly a homegrown resource we need to exploit for the future of our nation,” says Weber.


The Association of Mature American Citizens [http://www.amac.us] is a vibrant, vital senior advocacy organization that takes its marching orders from its members.  We act and speak on their behalf, protecting their interests and offering a practical insight on how to best solve the problems they face today.  Live long and make a difference by joining us today at http://amac.us/join-amac.

If You Enjoy Articles Like This - Subscribe to the AMAC Daily Newsletter
and Download the AMAC News App

Sign Up Today Download

If You Enjoy Articles Like This - Subscribe to the AMAC Daily Newsletter!

Notify of
Oldest Most Voted
Inline Feedbacks
View all comments
5 years ago

I am really (and I mean REALLY) getting tired of hearing how great it is to keep on working until you drop dead at your job. I am 74 and my husband is 76. We have physical problems, but we still HAVE to keep working to supplement our puny social security income. So, you ask, why didn’t we save up for retirement? WE DID! But thanks to the people that are supposed to work FOR us in government, both of the recessions (1990s & 2008) wiped us completely out. So, we are now FORCED to continue to work to survive…with no hope of being able to travel or enjoy the mythical “Golden Years.” My Social Security income of $681 per month won’t even cover the ever increasing food bills. And that brings me to the ridiculous COLA. Can anyone name ANYTHING that hasn’t increased in price every single year (or month!)?? We keep cutting back on everything and selling off anything of value and still have to work to survive. Wouldn’t be nice to have a CHOICE as to whether to work past age 65? Is bitterness a psychological benefit? When do I get to have time to go out and play? Recreation is supposed to have great psychological benefits too! What happens when our aging bodies won’t allow us to work (or play) anymore? Both of us have chosen work without any heavy lifting. We all TRY to remain mentally active, but what if the thought processes and memory get fuzzy with age? How do you keep working in your 90s for “more money for necessities”? If you have no choice but to keep working—that sounds an awful lot like slavery!

5 years ago

Retire??!! Not interested!

Anita Johnson
5 years ago

I did not become employed full-time until I was 42. My children were born when I was 17, 20 and 22, so my job was raising them. I drove a truck for over 21 years. In Nov., 2008 I “retired” to be with my mother full time. (I’m an only child.) Her health was getting worse and I didn’t feel comfortable leaving her alone all week. God took her home on Dec. 31, 2012. In 2016, I returned to my chosen occupation; truck driving. For me, it was a good decision both financially and emotionally. I “survived” on Social Security, but by no means did I “live” on it.

5 years ago

It’s a two edged sword, this “active older age proposition… there is no escaping politics, taxes and modern medicines side affects… we older drivers often set a very poor example for our “less mature younger adults”… never saw so many one finger salutes before. And our posts are way too long.

5 years ago

I retired at age 72 and can attest that I am healthier because I worked past my “expected” age. But wait – there’s more – i have yet to stop working. In fact, I have the privilege to be taking care of family members who have medical issues and am busier than ever.

Am I complaining? Not at all. My late retirement was both fiscally necessary and desirable for my “mental state.” I loved working. With my late retirement, I fulfilled the desire to humbly mentor several people and, hopefully, help them raise their opportunities for their own future. When I wound-down my career, i was able to easily slide into my new career of managing the home, nursing my loved-ones, and enjoying old friendships. No, I am not wealthy. But I am happy, and thank God for every day.

I am not retired, politically. I worry about the new-age mentality, including USSR-type reliance on Mother Government to feed and clothe the masses. They need more mentors. AMAC is a great organization to help them understand why independent work ethic is much better than slavery. AARP is mentoring them to demand increased size of the government’s trough – further leading them to an “Animal Farm” future.

Olney Falcon
5 years ago

“Every day 10,000 people in the U.S. reach the age of 65 and it is worth noting that with the aid of modern medicine
25% of them will live past the age of 90.” … Wouldn’t surprise me if half the Boomers got that far, and half of that
batch got to 100 and beyond… Being one of them, most of my friends and acquaintances are eating right and exercising
hoping to get to the next ‘medical breakthrough’ to get them more time…

Douglas Sommer
5 years ago

Your advocacy for extending the retirement age is based on false premises. Lifespans are actually going down not up in the US. Cubans have greater longevity than Americans. All too many Americans have had their careers cut short through no fault of their own due to ageism illegal immigration bad trade deals industry consolidation etc. Double that for ageing white males who are not included in inclusion and are the only unprotected class in PC America. Your views on retirement and medical care are delusional for the most part. Amac should try to do better. Start with advocating a COLA for social security recipients.

5 years ago

In paying for home owners insurance, flood insurance, vehicle insurance, taxes, monthly bills that all keep going up its no wonder a person can’t retire if they wanted to. When it comes to retirement health insurance on average to get a good plan one almost has to pay out up to $500. a month. This article is misleading for as it is only a matter of survival. In my youth I only lacked two years of being fully invested but they laid me off so eight years were wasted. What IRA, 401K plans I do have now don’t pay out any thing as have lost money in the 401K. Even what you have saved it doesn’t pay any thing. In being honest most retires are having to work for survival instead of being able to retire if they wanted to.

5 years ago
Reply to  Leann

True. This article seems to foreshadow the raising of the retirement age. More are working now like you said as a matter of survival any belief other than that is foolish in my opinion.
Remember: 6 cents for a coke, a new car for $2700.00, 15 cents for a hamburger, breakfast in a diner for a buck fifty and free coffee? I do. What is the cost now for that coffee? Look at the prices at any coffee shop, outrageous. A pickup truck now cost more than what I paid for my first house. The point is when you retire on a fixed income you are in trouble. Look at taxes in the last 30 years.

5 years ago

I’ve read recently that by 2020 half the working populace will be self-employed. I can believe it! I spent 44 years in print publications in sales, management and ownership. That industry is almost defunct because of the internet. Because of the greed of both unions and management (owners) much of our manufacturing is now out of country especially due to high labor costs, high taxes on all city, state and federal levels, and just plain greed of owners. Of course, having 40 million, and yes, it’s at least 40 million illegals taking ALL the jobs in farming, restaurants, and anything construction related. Today’s American youth are spoiled having never knowing or experiencing the satisfaction of earning monies in return for an honest day’s work. Then again, who would hire these “spoiled” purple haired, pierced, tattooed imbeciles anyway? And then they see professional athletes making millions of dollars “playing” sports? I grew up loving and respecting sports. Not anymore, I don’t care to watch these “spoiled” arrogant greedy players and owners. What? Paying $8 for a cereal hot dog? … Just to line the pockets of sports figures and teams? The high costs of food, housing, gasoline, you name it, is forcing the average person to HAVE TO WORK, not to save a nest egg, but JUST TO SURVIVE!! … I don’t mind working but having to work to just survive is very different than working for pure enjoymen and satisfaction! We seniors, just need to stay healthy just so we can work. … What fun!

5 years ago
Reply to  Rik

Hi Rik,

You minimized the responsibility that the federal, state and local governments all played in creating an environment where it makes more economic sense to off-shore not just in manufacturing, but also a number of service related jobs, such as call centers, several other customer interacting services that do not require personal face-to-face interaction with the client or customer and even in a number of high tech jobs. When it takes 2 to 10 years just to get through the now standard environmental impact studies and several million dollars in both legal and processing fees associated with that insane process, just to build a simple manufacturing plant, warehouse storage and shipping facility or even a standard office building in this country before you can even break ground in this country, its doesn’t take a genius to realize most business people will naturally gravitate to locations that are far less onerous and more business friendly. After all, the purpose of a business is to provide a product or service that the public wants, at a price that not only ensures a profit to build and growth the business over time, but also is competitive in the larger global economy.

Once you clear the dreaded EPA environmental impact studies hurdle, then you enter the maze of the endless fees, licenses and periodic reviews and approvals all required by multiple layers of government at each step in the usual construction process. This all adds even more delays and costly expenses to the business creating process in this country. To give you an example of the absurdity of the regulatory environment government has created in this country over the last 25 to 30 years, a simple mid to large scale shipping and receiving warehouse in this country can take anywhere from 5 to 12 years from initial planning to being ready to open its doors for business. The costs just in terms of the various fees, licenses and government approvals needed above and beyond the construction costs of the actual warehouse facility will likely run in the $15 to $20 million dollar price range. Again, that is NOT the cost of building the warehouse facility. That is just the sunk costs associated with government rules and regulations. Our government has gone out of its way to create an environment that is actually hostile to new business creation which is the real intent of most of the EPA guidelines these days, or expansion of existing businesses in this country. Most of the other fees, licenses and reviews are merely the state and local governments getting their taste of the pie.

So is it really any wonder that when someone is looking to start a small or medium size manufacturing business or really any business that requires a substantial, dedicated new physical infrastructure in this country, that when they look into what it will take to just build something and get the doors open for business, doing so in America just isn’t affordable or attractive as it used to be? The same warehouse example I used above can be built at a fraction of the cost and in far less time in not only Mexico, China and Southeast Asia, which is what most people think off-shoring means, but also in places like Ireland, Australia and other countries with a far more reasonable and friendly business environments.

The answer isn’t the usual “We have to force all these companies to bring these lost businesses back” nonsense you hear economically illiterate TV pundits or hosts offering up routinely. Most, by the way, actually know that bromide won’t work. They just say it to dangle the “simple quick fix” to a public willing to listen. Rating are important after all. That solutions, as they present it, won’t work for a whole host of reasons I’m not going to go through. That would take dozens of pages to outline and I’m not interested in doing that.

The real answer is to do what Trump has suggested from Day One. To stop the attack on business creation and expansion in this country by all layers of government. So much unnecessary regulation, delay and added cost of building virtually anything in this country has made the United States almost the last choice for anyone but the government itself. To make the United States the location that not only American businesses choose to set up shop in, but to create such a favorable business environment that companies from other countries look at the United States as the desired and preferred destination for their own business expansion plans. That translates into more jobs for Americans as our economy grows. You have to create a much more favorable tax and regulatory environment. That is what the Laffer / Moore economic tax plan that Trump ran on was designed to accomplish. Those rates and thresholds weren’t picked out of thin air. They were arrived at by what the American tax model would have to look like to be competitive in the current and expected future global economic environment. To give you one example, the UK will soon be lowering their corporate tax rate to 17 percent to attract even more business. The problem we are facing is that the so-called “tax reform plan” Ryan and McConnell are planning to announce next week is NOT the Trump tax reform plan. Their plan is designed to benefit their largest campaign donors and sprinkle a few crumbs elsewhere. The rate cuts being discussed will not be big enough or consistent across the board to accomplish the level of economic growth we should be doing in this country. It is a largely another instance of the GOP playing small ball, when they should be aiming for a bold move. Sorry, but that is the blunt truth. No doubt some folks think Ryan’s plan is wonderful. That’s fine, but from an economic jolt to the system, it falls flat. I tend to look at how any proposed tax reform plan fits into the larger global economy to make us more attractive relative to the rest of the world and thus grow our economy faster, as opposed to simply what will shave a few percentage points off a rate so politicians can win re-election.

Another issue with the Ryan / McConnell planned announcement for next week is it does nothing to scale back the regulatory strangle-hold all layers of government impose on business creation or expansion in this country. Trump has started to scale back some excessive regulatory burden via executive orders, but Congress would need to take back control of regulations from all the federal agencies they have out-sourced that role to, in order to both finish the job and make those regulatory changes permanent. Neither of our fearless Congressional GOP leadership has anything planned in that area. The nasty truth is they both love big government, which is why they are dragging their feet every single day.

Ivan Berry
5 years ago
Reply to  PaulE

The Administrative State, PaulE, has no accountability. The Congress does, but will not take that off-loaded work back–too much trouble and labor. Our Congress members like to feel important and needed, but do little to make them other than just another drain on our productivity.
Dr. Gorka just today made a comment as to how many of the West Wing and the White House Civil Service employees were Communists/Progressives filling GS11, GS13, etc. slots, and the difficulty containing the leaks and opposition and with so many protections that you can’t get rid of them.
Getting rid of public service unions would be a good start, but how is really the question. Seems most everything depends on an honest-to-goodness Congress, afterall. And honest-to-goodness, we don’t have one.

5 years ago
Reply to  Ivan Berry

HI Ivan,

Dr. Gorka is correct in how many protections are afforded federal government employees in the union. In my brief time in the federal government, I couldn’t believe some of the stuff people could get away with and face no fear of job termination. It is almost impossible to fire anyone once you are in the union. Thankfully, I was too high a GS level to have to join the union. That is why a lot of Democrat political appointees transition into being civil service employees when a Democrat administration loses an election. That way they can continue to undermine any in-coming Republican administration from within. Think of it as a permanent, taxpayer financed resistance movement against our own government. So yeah, Dr. Gorka has a point there.

The obvious solution would of course be to dissolve the public service union, but that would require Congressional action that we are never going to see. There is zero incentive for Congress to step up. Just look at the Congressional GOP folks tripping all over themselves today. If it wasn’t so sad and pathetic, it would make a half way decent satire.

By the way, Dr. Gorka did a nice long interview with Judicial Watch this week outlining the depth of the deep state and how it is impacting Trump’s agenda so far. About 30 minutes long and very well done. He says a lot of things you can’t mention on TV and is asked question no TV news anchor ever asks. It should be out on YouTube in a week or two, although they may edit it a bit for the language used. Too direct and specific and he names people, which is so politically incorrect these days.

Cage Saunders
5 years ago
Reply to  PaulE

Thank you PaulE, well said. I absolutely agree with Dr. Gorka.

Would love your thoughts, please comment.x