11/10/2014 10:15 am ET Updated Nov 10, 2014

Why Retirement Ain't What It Used To Be

Thanasis Zovoilis via Getty Images

For those born in 1960 or later, the government defines full (or normal) retirement age as 67. But turning 67 doesn’t necessarily mean you are willing or able to retire. In fact, it is a growing trend in the U.S. to continue working beyond the government-assigned retirement age.

Many believe that this trend could result from lingering effects of the recession as worker’s assets declined and they had to withdraw from general and retirement savings to get through the difficult period. Another possible reason more Americans are likely to work through retirement is the shift from pensions to 401(k) and other retirement plans.