Monday, February 16, 2015

Boomer Men Not Delaying Retirement

Between 2000 and 2010, the labor force participation rate of men aged 65 to 69 climbed by more than 6 percentage points—from 30.3 to 36.5 percent. Many thought the upward trend was here to stay as the baby-boom generation sought to boost its retirement income. Many were wrong. As boomer men filled the 65-to-69 age group over the past four years, the rise in labor force participation came to a halt, according to the Bureau of Labor Statistics. In fact, the labor force participation rate of men aged 65 to 69 fell slightly between 2010 and 2014...

Labor force participation rate of men aged 65 to 69
2014: 36.1
2010: 36.5
2000: 30.3

Interestingly, a Gallup survey of today's 65-to-68-year olds found them no more likely to work than the four-year cohort immediately preceding them. Those Gallup results are now confirmed.

Source: Bureau of Labor Statistics, Labor Force Statistics from the Current Population Survey

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