Baby-Boom men aren't opting for early retirement like their fathers did. Early retirement peaked in 1995, when the labor force participation rate of men aged 62 to 64 (born in 1931-33) fell to an all-time low of 45.0 percent. Today, a larger 55.8 percent of men aged 62 to 64 (born in 1951-53) are in the labor force. Although higher than it was, the current labor force participation rate of men aged 62 to 64 is still well below the rate of the early 1960s, when three out of four were in the labor force.
Labor force participation rate of men aged 62 to 64
2015: 55.8%
2005: 52.5%
1995: 45.0%
1990: 46.5%
1980: 52.6%
1970: 69.4%
1963: 75.8%
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