Older workers account for a rising percent of the workforce, CNN Money notes today, and the numbers are continued to head upward.
Mark Miller, author of The Hard Times Guide to Retirement Security, said boomers began viewing the retirement years differently well before the recession took hold. “Many were committed to staying engaged. … The whole idea of working longer, even for a handful of years, can be tremendously beneficial to your mental well being.”
The Bureau of Labor Statistics reports that 22 percent of older workers will still be on the job in 2018. That lines up with recent research on the older labor force by economist Barry Bluestone. “We’re going to see a remarkable re-shaping of our labor force,” Bluestone says. “The rate of labor force participation by the 55-plus population is going to be much higher, and older workers will represent a much higher percentage of the overall workforce.”