More older Americans are working than at any time since 2000.
About 9 million people, or 18.8%, of Americans age 65 and up report being full- or part-time employees, according to a new report by the Pew Research Center.
By comparison, in 2000, only 12.8% of those 65 and up were working – about 4 million people.
- Pew Research Center
For the most part, these workers are men. Although men make up less than 45% of the over-65 population, about 55% of older workers are male.
Moreover, these workers are more likely to hold employment in management, legal, and community/social-service jobs than the overall workforce, and less likely to be in food preparation, construction, and math/computer jobs.
Still, the most interesting thing about this rise in older workers is that it’s basically the opposite of what’s happened with the rest of the population in the US. The employment-population ratio of the adult population as a whole has yet to bounce back to pre-financial-crisis levels.
As of May 2016, the ratio was 59.9% – below May 2008’s 62.5%, and May 2000’s 64.4%.
So while more over-65 adults are working compared to 16 years ago, the same can’t be said for the overall US population.