While retirement is supposedly a time when seniors hang up their work boots once and for all, a surprising number of older Americans actually end up working.

In fact, according to the 8th annual T. Rowe Price Retirement Saving & Spending Survey, roughly 20% of retirees are working either full-time or part-time. While some retirees are unfortunately forced back into the workplace to make ends meet, about 45% work for social and emotional benefits instead, according to the survey.

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