In particular, the pay increases for those 65 and older help explain why seniors' labor force participation is rising. In the past 12 months, more than 30% of people 65 to 69 were either working or actively looking for jobs, up from just over 25% five years earlier. In the world of labor force stats, that's a big change. Participation rates were roughly flat for 25-to-54-year-olds--and fell more than 3 percentage points for those 16 to 24.
Companies "are finding a way to use some of the elder statesmen who otherwise might retire to the golf course," says 65-year-old
In particular, the pay increases for those 65 and older help explain why seniors' labor force participation is rising. In the past 12 months, more than 30% of people 65 to 69 were either working or actively looking for jobs, up from just over 25% five years earlier. In the world of labor force stats, that's a big change. Participation rates were roughly flat for 25-to-54-year-olds--and fell more than 3 percentage points for those 16 to 24.
Companies "are finding a way to use some of the elder statesmen who otherwise might retire to the golf course," says 65-year-old William Jackson,...
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