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Nearly One in Three Seniors Plan to Work Past 70 or Never Retire, According to AAG Survey


IRVINE, Calif., May 6, 2021 /PRNewswire/ -- Seniors are working later in life to make ends meet, and the events of 2020 have accelerated the trend. The changing landscape of retirement has caused a large percentage of older Americans to push back their retirement dates or pick up working again to make up for lost ground. To understand the impact that 2020 had on seniors' work life and finances American Advisors Group (AAG), the nation's leader in home equity solutions, conducted the Post-2020 Retirement Survey with over 1,500 participants ages 60-75.

"After the uncertainty created by the events of 2020, many seniors want to ensure that they will have the financial means and flexibility to enjoy the retirement they had hoped and planned for," said AAG Chief Marketing Officer Martin Lenoir. "While we know that Americans are living longer, this survey illustrates that seniors are working longer into their retirement years too. We're also starting to see a positive shift with our customers who have done their research; they are looking at home equity to fill that cashflow gap so that, instead of working longer, they can enjoy the lifestyles they've spent years building."

Seniors Are Planning to Work:

To read the full results of the AAG Post-2020 Retirement Survey, visit the link below:
https://www.aag.com/post2020survey/ 

AAG's Post-2020 Retirement Survey was conducted on Jan. 27, 2021, and included 1,521 participants. Responses include numerous formats, including yes-and-no answers, ranking preferences, and multiple-choice replies. The survey was conducted on a digital platform so that participants from all regions of the United States could answer from the safety of their homes. All participants were selected randomly with age and homeownership being the only qualifying factors.

About AAG
AAG is dedicated to helping older Americans find new ways to fund a better retirement through the responsible use of home equity. As the nation's leader in reverse mortgage lending, AAG offers a suite of home equity solutions ? including Home Equity Conversion Mortgages, traditional and proprietary mortgages, and real estate services ? that are designed to give seniors a better financial outcome in retirement. AAG is a proud member of the National Reverse Mortgage Lenders Association (NRMLA). To learn more about AAG and reverse mortgage loans, please visit the company's website at www.aag.com. AAG's legal disclosures can be found here.

American Advisors Group, NMLS ID: 9392, 18200 Von Karman Ave., Suite 300, Irvine, CA 92612

Contact:
Ryan Whittington
[email protected]
(657) 236-5220

SOURCE American Advisors Group (AAG)


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