Seniors Waiting Longer to Retire

Older workers become the norm

Bob Anver doesn't know when he'll retire.

The 83-year-old Kansas City man has been working a steady job since he was a young man.

"What would I do if I wasn't working?" asked Anver. "You only need to mow the grass once a week."

Anver is staffing a booth at the AARP convention in San Diego.

While the organization is known for working with retirees, 40 percent of its members are not retired.

That seems to be a growing trend.

"We're living much longer," said Today Show financial editor Jean Chatzky. "We need whatever savings we have amassed to last a longer period of time and that typically means working a little longer."

Chatzky says there is no standard retirement age anymore; it is more individual.

And it's not always about the money. She says many people are working because they want to.

Bob Anver says older workers are better workers.

"Because they'll stick with the job, they have fewer days off, fewer excuses not to come to work so you get a more stable workforce," he said.

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