YPSILANTI, Mich. (AP) — Increasing numbers of Americans are expecting to work well past the traditional retirement age, and in some cases they are dismissing the idea of retirement altogether.
But health and a variety of other factors often get in the way of those expectations.READ MORE: MN Rep. Ilhan Omar Visits Afghan Evacuees At Fort McCoy Calling It 'Uplifting' And 'Emotional'
The University of Michigan’s Health and Retirement Study finds that more than one-third of the people surveyed didn’t reach the retirement age they set when they were 58.READ MORE: Man Dies In Lake Street Shooting
Economists say health often is the main factor why people retire earlier. Other factors may include layoffs or business closings, followed by family issues such as a spouse retiring.
But even if people work as long as they planned, a Brookings Institution report suggests that a growing percentage of them are entering retirement on shaky financial footing.MORE NEWS: Minnesota Families Soak Up Warm Weather With Fall Festivities
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