December 20, 2023
The workforce is witnessing double the number of employed Americans age 65 and older compared to three decades ago, the Pew Research Center revealed.
Older adults are remaining in the workforce well into the supposed retirement age, new data has revealed.
After more than three decades, the workforce has witnessed double the number of employed Americans age 65 and older, the Pew Research Center revealed. In 2023, 19% of older Americans represented the workforce, earning $22 per hour (in 2022).
A little over 18 percent of African Americans age 65 and older wereworking or actively seeking work in the labor force in 2020 compared to 20.7% of men and 16.4% of women. Between 2019 and 2040, the African American population aged 65 and older is projected to increase by 80%.
Today’s older workers are working more hours, on average, than in previous decades. 62% of workers 65+ are working full time, compared with 47% in 1987. Dive into our findings: https://t.co/s9x68qcMxg
The Pew Research report highlighted key factors that have motivated the increasing rate of the older population in the workforce. Among them:
Despite staying longer in the workforce, workers ages 65 and older are more satisfied with their jobs overall than younger workers, a recent Pew Research Center survey reported.
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