Review of Changes in Careers over Adulthood

Table 7.4 Review of Changes in Careers over Adulthood 18—24 Years 25—39 Years 40—64 Years 65—74 Years 75+ Years Little thought of retire- A few begin long-term Preparation for retire- People this age are eli- Many this age have ment. financial planning. ment begins in the 405 gible for Social Secu~ retired one (ortwice) Moves involve college Residential moves at or militaw involve» this age are usually ment. related to career moves (or spouses' career moves). and early 50$, espe- ciallyformen. Some early-retired people make amenity moves to areas with warm weather and leisure activities. 0th— ers become “snow~ birds." rity and Medicare, but the average senior depends on other sources for 60% of his or her income, Women have less retirement income than men their age from every source. Some who are in good health continue to live in "retirement" areas orcommute in the winter. Those in declining health move to be closerto family. already. Some enter assisted living communities or skilled care facilities. Most remain in their homes.