The number of people aged 65 and older in the labor force is projected to grow by almost 80 percent through 2018, according to new analysis from the U.S. Bureau of Labor Statistics. Those aged 55 to 64 will grow by 33 percent.
Fifty-five to 64-year-old workers will increase by more than seven million and those aged 65 and older will jump by almost five million.
The baby-boom generation–those born between 1946 and 1964–is expected to remain in the labor force longer than previous generations, says the U.S. Department of Labor. Meanwhile, the numbers of 45- to 54-year-olds and 35- to 44-year-olds are expected to shrink as baby boomers age and shift into older groups.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
