According to a research involving 500 people, conducted by the Commonwealth Bank and Financial Services Council, around 72% of people over 50 are happy to stay in the workforce longer and 61% state financial security as the major reason.
The findings come after the survey was prompted by the federal government’s Intergenerational Report found people will have to work longer over the next 40 years.
Almost 40% of those surveyed said they would achieve more personal fulfilment and enjoyment for wanting to stay in the workforce.
The average person would like to work an additional six years beyond the current retirement age of 60, with some saying they would like to work for ten years or more.
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