Why the Rich Never Retire

The ultimate American dream used to be to get rich young and “retire by 40.” Now the goal for the rich is to retire past 70—if they retire at all.

A new survey shows that America’s highest earners don’t plan on retiring until they are at least 70 years old. Lower-income groups—and even those considered “affluent”—plan to retire much younger, according to the study from Spectrem Group, a wealth research firm.

When asked “At what age do you expect to retire?” nearly one-third of those with annual earnings of $750,000 or more answered “over 70.” Fifteen percent of them say they never plan to retire.

Read more on CNBC.

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