WASHINGTON – A report released by the American Association of Retired Persons finds that people age 50-61 view retirement as more of a lifestyle change. The findings are interesting in light of CUNA statistics that say 20% of the nation's CU CEOs are expected to retire in the next five years. According to the report, "Beyond 50: A Report to the Nation on Economic Security", more Americans both men and women are working past the traditional retirement age of 65 either for self-fulfillment or financial necessity. In addition, the study finds that Americans over 50 are in better shape financially than people of the same age were 20 years ago. In the last 20 years incomes in the 50-plus population are up by 18%, with poverty down and wealth up by 36%.
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