The average life expectancy for men and women nowadays is well over 70, causing many term life insurance plans to run out before people actually need them.
The ability to work past typical retirement age has been growing in popularity and a report out of Northeastern University has found that many of these jobs will be in the social sector, according to U.S. News and World Report. These positions include health care, education, government and social assistance jobs.
"Older workers, given their better health and longevity, may be able to stay in the labor market much longer than earlier generations," researcher Barry Bluestone, a coauthor of the study, told the media outlet. "I think the improved health of the older workforce and their improved longevity make it possible for us to do things at 65 that maybe my grandfather could not have done."
The study found that the fastest growing occupations for this aging generation will be teachers and nurses. There will also be an increasing amount of home healthcare positions available as the country continues to get older and require more care while wanting to remain in their own homes.