One in five aged workers plan never to stop

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One in five aged workers plan never to stop

One in five Baby Boomers plan to never leave paid work, according to a new survey released today as part of National Psychology Week.

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One in five Baby Boomers plan to never leave paid work, according to a new survey released today as part of National Psychology Week.

More than half of Baby Boomer respondents said enjoying work (56%) and keeping an active mind (55%) motivated them to stay in the workforce.

Income rated as a lower motivation for remaining in paid work (46%). Other factors included feeling valued (46%) and social interactions in the workplace (43%).

The Australian Psychological Society (APS) survey, undertaken with more than 1,500 people, was designed to better understand Australian attitudes towards ageing.

Satisfaction with jobs

‘Baby Boomers seem to be less driven by financial rewards and more by the stimulation and satisfaction they can gain from their jobs,’ said APS President, Amanda Gordon.

‘The survey suggests this generation are really enjoying their work and feeling positive about remaining in the workforce. Employers should consider these key motivators when developing retention strategies for baby boomer staff,’ said Ms Gordon.

When asked about leaving the paid workforce, Baby Boomer respondents said accessing good healthcare (56%), maintaining independence (55%) and upholding current living standards (49%) were their main concerns.

Income not important

‘Interestingly, although income was not an important motivator for remaining at work, 47% of respondents expressed concerns about not having enough finances to retire on,’ she said.

‘Respondents weren’t overly concerned about becoming bored or maintaining friendships after retirement. This feedback is in line with the survey’s overall finding that Australians have a very positive attitude towards ageing,’ said Gordon.

The APS survey was undertaken with 1,507 participants nationwide in 2007. The survey aimed to explore attitudes towards ageing of the Australian population and whether these differed across age groups, public concerns about the ageing population, and the plans and expectations of Baby Boomers.

Top tips for ageing

The APS also released these ‘top tips’ for positive ageing:

  1. Take part in regular physical activity.
  2. Eat a healthy well-balanced diet.
  3. Have regular health checks.
  4. Keep your mind active, alert and flexible by taking part in activities that stimulate the brain and that you enjoy such as reading, completing crosswords, or hobbies that promote ongoing interest.
  5. Maintain relationships with others including family and friends who can provide fun and support.
  6. Manage stress levels by talking problems through with others, taking part in relaxation or learning some problem solving or goal setting techniques.

To download the full research report go to the Psychology Week website.

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