Older Americans shun retirement at 65 for risky startups

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Older Americans are shunning retirement to start companies because they see limited job opportunities, don’t have enough savings to retire comfortably, or want to work for themselves. People from ages 55 to 64 started 23.4 percent of companies in 2012, up from 14.3 percent of new entrepreneurs in 1996, according to the Kauffman Foundation’s research.

‘‘The 30-year corporate job with a gold watch isn’t there anymore,’’ said Dane Stangler, vice president at Kansas City, Mo.-based Kauffman. ‘‘A lot of people are not ready to retire. We are living healthier for longer, and they are looking for a main income or a supplementary income.’’

About a quarter of Americans ages 44 to 70 are interested in creating a company or nonprofit venture, according to research by,

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