More seniors and fewer young adults are in the workforce now compared with 2010, according to the latest Gallup survey.
Gallup said it found a 3-percentage-point increase since 2010 in the number of workers over the age of 65 who work full- or part-time through an employer, are self-employed or are unemployed and looking for work. Over the same period, it found a 2-percentage-point drop in the number of people between the ages of 18 and 29 who are in the workforce.
The results are based on more than 350,000 interviews per year with U.S. adults over the age of 18. Many families are still trying to make regain the losses they sustained during the recession and that is why so many older people are still in the workforce, Gallup said. Many younger people, meanwhile, moved back home with their parents and some went back to school.
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