21% of small business owners said they are “not at all confident” in being financially prepared to retire between ages 61 and 65, according to the Paychex Small Business Survey. On top of that, 30% only feel “somewhat confident” in their ability to retire. That’s half of all business owners who have either no prospects or grim prospects. It’s also a sign of a nationwide trend in workers being unprepared for retirement. In another study, 50% of Generation X workers say they’ll run out of money before they die, 43% say they're behind in savings, and 17% say they have no savings at all. These numbers represent the prospects of the next swath of retirees. As fewer and fewer Americans feel ready to retire, more and more are putting their shoulders to the grindstone past retirement age. In fact, almost 19% of people 65 or older were working at least part-time in the second quarter of 2017, according to the most recent U.S. Jobs Report. That number is projected to keep climbing. Some experts speculate, however, that this may not be a bad thing. A new study argues that deferring retirement can significantly boost income for Americans. With social security, for example, there are built-in benefits to encourage people to stay in the workforce longer. For every year past 62 that someone continues to work, his or her benefit increases around 8% per year. Holding down a job for a few extra years can quickly compound a substantial boost to social security payouts. That’s not to mention the extra money workers save when they add a few more years of salary to their savings account. People who retire at age 66 instead of 62 can increase their retirement living standard by 34%. “Working longer is very, very powerful,” said John Shoven, a Stanford economics professor. For many future retirees, this may become the new norm. Luckily, for those who love their jobs and want to stay sharp, working longer is a no-brainer. If there’s one thing small business owners are good at, it’s doing what they love.