Baby-boom women are delaying retirement. A look at the labor force participation rate of older women by single year of age shows when labor force participation drops below 50 percent and retirement becomes the norm. For women, that age was 63 in 2017—two years younger than men. The earlier age of retirement for women makes sense, since most are married to men who are slightly older.
Percent of women in the labor force, 2017
Age 60: 59.9
Age 61: 55.8
Age 62: 50.4
Age 63: 47.2 (age of retirement)
Age 64: 40.5
Age 65: 34.1
Age 66: 32.0
Age 67: 28.4
Age 68: 22.8
Age 69: 21.5
Age 70: 19.0
The labor force participation rate of women in their sixties is rising, although not as rapidly as men's. The age of retirement for women in 2010 was 62, a year younger than in 2017. If the labor force participation rate of older women continues to rise as it has been, women's age of retirement may reach 64 in another decade or so.
Source: Bureau of Labor Statistics, unpublished tables from Labor Force Statistics from the Current Population Survey
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