More Americans are delaying retirement as lifespans and financial needs stretch further. Nearly 9% of people aged 75 and older were still working or job hunting last year, compared with 6% two decades ago. Among those between 65 and 74, the share has risen to 27%. Economists say many who continue working are highly educated professionals or self-employed, giving them more flexibility and a reason to stay engaged, the Wall Street Journal reported.

Financial and social benefits of delaying retirement

Working longer brings financial security by reducing the need to dip into savings and allowing Social Security benefits to grow. Each year of delay until age 70 raises monthly checks by up to 8%. But beyond money, many older workers say their jobs provide social interaction, purpose, and menta

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