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In the mid-1800s, life expectancy of a man in the U.S. was about 40 years. By the late 1900s, a man’s life expectancy had risen to 78 and continues to climb. Women’s life expectancy is even longer. According to a report by the U.S. Census Bureau, America’s 55-75-year-old population will swell to over 80 million by 2020. Twenty-six states are expected to double their population of retirees over the age of 65 by 2030.

Notions about retirement have also changed. The first wave of baby boomers turned 60 in 2006. With about five years to go before average retirement age of 65, the majority of male and female boomers plan to combine work and play. And, it’s not all about money.

A report in Money magazine says that 27 percent of retirees continue to work part-time for the interest and fun of it. Fifteen percent plan to start a business after retirement and 14 percent intend to be active volunteers. Geriatric research supports the belief that continuing to be active improves health and increases longevity. Out of 1,000 people in a recent study, those over 70 years old who continued to work or volunteer at least part-time are 2.5 times more likely to live to age 82 or beyond.

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To learn more about other Senior Living and Real Estate, please review the other articles in this section.

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