For what economic reason might some older adults choose to delay retirement?

Delaying retirement can provide older adults with the benefit of maintaining a steady income, which is crucial for financial stability. Many individuals in this age group may have fixed income needs due to expenses related to healthcare, housing, and daily living. By continuing to work, they can ensure a reliable paycheck that helps cover these costs, thereby easing financial pressures. This decision may also allow them to maximize their retirement savings, take advantage of employer-sponsored plans, and increase Social Security benefits if they choose to delay claiming them. In a time when economic uncertainty can significantly impact savings and investment returns, sustaining an active income stream becomes an appealing and practical choice for many older adults.