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Some 9% of adults ages 75 and older are employed today, about twice the share who were working in 1987 (4%). Workers ages 75 and older are paid slightly less than older workers overall ($20 per hour at the median vs. $22 for all workers ages 65 and older). Still, they have experienced similar wage growth since 1987 as workers ages 65 and older.

How many older adults are working in the U.S.? While older workers don’t make up the majority of the American workforce, they do represent a huge swath. According to the U.S. Bureau of Labor Statistics (BLS), by 2033, about one in four American workers will be 55 or older. This represents a considerable change from decades past.

According to the Bureau of Labor Statistics, more than 1 in 5 workers were 55 or older in 2023. In that same year, 15 percent of workers were between 55 and 64, and about 7 percent were 65 or older.

Not only are older workers increasing in number, but their earning power has grown in recent decades. In 2022, the typical worker age 65 or older earned $22 per hour, up from $13 in 1987. Earnings for younger workers haven’t grown as much. As a result, the wage gap between older workers and those ages 25 to 64 has narrowed significantly.

A Pew Research report indicated that the number of workers aged 55 and older has almost quadrupled since the mid-1980s, meaning that more companies could make an effort to recruit from this older ...

Occupations with older workers. Maybe you’ve spent your career in an office and would love to get into the outdoors. Or perhaps you’re retiring as a teacher and would prefer to get a job giving tours of a local museum. Workers ages 55 and older were employed across many types of occupations in 2016, according to BLS. (See chart 3.)

The labor force is expected to increase by 8.9 million, or 5.5 percent, from 2020 to 2030. The labor force of people ages 16 to 24 is projected to shrink by 7.5 percent from 2020 to 2030. Among people age 75 years and older, the labor force is expected to grow by 96.5 percent over the next decade.

Today, the average older worker makes 80% of younger workers’ pay. About 44% of older workers have at least a bachelor’s degree today, similar to workers age 25 to 64 and up from 18% in 1987 ...

• All older women workers: 10.8% • All older men workers: 12.4% • All persons ages 16-24: 13.4% • All persons ages 25-34: 22.1% • All persons ages 35-44: 21.6% • All persons ages 45-54: 19.8% Because the ranks of older women workers have grown more rapidly than older male workers, the share of all workers ages 55 and older that are ...

The labor force participation rate for Americans 65 and older decreased by 7.8 percentage points from 27% to 19.2% between 1948 and 2022. While the participation rate was lower in 2022, there were more people in the labor force in this age cohort in 2022 (10.9 million people) compared to 1948 (2.9 million people) due in part to population growth.

More people who are older than age 65 are working in the U.S. than ever before. The majority of the large Baby Boom cohort is now older than age 65 and the labor force participation rate for people ages 65 to 74 has increased markedly from 19.2% in 2000 to 26.6% in 2020.The only cohort with a faster rate of growth in the labor market is people ages 75 and older!

These older workers will constitute the fastest-growing segment of the workforce from 2014 to 2024. While the total number of workers is expected to increase by 5 percent over those 10 years, the number of workers ages 65 to 74 will swell by 55 percent. For people 75 and older, the total will grow a whopping 86 percent, according to BLS ...

Further research is needed to distinguish what percent of older workers are working full-time at jobs where they have worked for many years, versus what percent of older workers are in part-time jobs. More research is also needed to understand the degree to which the earnings of older workers supplements any retirement income they receive from ...

Many older workers face lower relative wages and diminished bargaining power Older workers, generally defined as those aged 55 and above, make vital contributions to the U.S. economy. Older Americans contribute an estimated 40 % of the national economic output despite making up just 35% the population.

During the two-decade period between 2000 and 2020, the share of employed workers ages 60 and over has doubled among both men and women (Figure 2-1). Specifically, the percent of all employed men who are in that age range rose from 7.4 to 14.8 percent, while among all employed women it rose from 6.3 to 14.0 percent. Although most of this increase, in absolute terms, was due to a growing share ...

Many older workers have physically demanding jobs: Share of older workers in physically demanding jobs, by educational attainment and age, 2018. 1C. ... There is a common assumption that jobs are becoming less physically demanding, enabling workers to continue working at older ages. However, progress in recent decades has been slow and uneven.

Overall growth in the 65 and older population, higher cost of living, and various social factors have led to a growing share of older adults in the American workforce. This map shows the percentage of U.S. adults 65 and older who are still working by state using figures from a LendingTree analysis of U.S. Census Bureau data.

The research found that workers ages 65 or older make up a larger portion of the age 55 or older workforce than they did in 2000. The percentage of those ages 65 and older increased from 23% of the age 55 or older workforce in 2000 to 29.5% in 2023. This happened while the labor force participation rates of those ages 55-64 surpassed pre ...

Many older workers have strenuous and dangerous jobs, and work has gotten more dangerous for older workers over the years. Although the Bureau of Labor Statistics finds that fatal occupational injuries declined overall by 17% from 1992 to 2017, fatal injuries for workers 55