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< Back to Statistics and Information
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By 2012, nearly 20% of the total U.S.
workforce will be age 55 or older, up
from just under 13% in 2000. ("Labor
force projections to 2012: The Graying
of the U.S. Workforce," Monthly Labor
Review, February 2004)
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The number of U.S. workers between the
ages 55 and 64 will grow 51% to 25
million by 2012. At the same time, the
number of workers between ages 35 and 44
is expected to shrink by 7%. (Wall
Street Journal, Sept 20, 2005)
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Nearly 7 in 10 workers expect to
continue to work full or part-time
following retirement from their career,
including 15% who expect to start their
own business. (John J. Heldrich Center
For Workforce Development, Rutgers
University, 2005)
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Currently, 12% of older adults say they
will never be able to retire. In 2000,
7% said that they would never be able to
retire. (John J. Heldrich Center For
Workforce Development, Rutgers
University, 2005)
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The Bureau of Labor Statistics estimates
that between 2002 and 2012, the number
of workers 55 and older is expected to
grow by nearly 50% and be the fastest
growing compontent of the workforce.
(John J. Heldrich Center For Workforce
Development, Rutgers University, 2005)
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U.S. Department of Labor data shows that
among workers able to find reemployment,
56% of workers over the age of 55 took
new jobs with lower wages, the highest
rate of any age group examined. (John J.
Heldrich Center For Workforce
Development, Rutgers University, 2005)
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The job search is considerably longer
for older job seekers. The average
duration of unemployment for older job
seekers in 2004 was 25.8 weeks, compared
to only 18.9 weeks for younger job
seekers. (AARP, Public Policy Institute,
2005)
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More than 18 million workers over 55
were in the labor force in 2000, and
more than 750,000 people aged 55 to 74
were looking for work. By 2015, the
number of workers over 55 is expected to
increase to more than 31 million, or
nearly 20% of the workforce (General
Accounting Office, 2002)
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There are currently 4 million people over the age of 65 who would like to be working.
(Harris Poll, 2000)
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Seventy-four to eighty percent of baby boomers expect to still be working past retirement age.
(New York Times editorial, 7/30/00)
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In 1999, 4.0 million (12%) Americans age
65 and over were in the labor force
(working or actively seeking work),
including 2.3 million men (16.9%) and
1.7 million women (8.9%). They
constituted 2.9% of the U.S. labor
force. About 3.1% were unemployed.
(Administration on Aging, Profile of
Older Americans: 2000)
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More than 18 million workers over 55
were in the labor force in 2000, and more
than 750,000 people aged 55 to 74 were
looking for work. By 2015, the number of
workers over 55 is expected to increase
to more than 31 million, or nearly 20%
of the workforce (General Accounting
Office, 2002).
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By 2008, 1 out of every 6 workers in the
American workforce will be over
the age of 65 (General Accounting
Office, 2002).
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By 2015, 1 out of every 10 workers in
the American workforce will be women
over the age of 65 (General Accounting
Office, 2002).
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After traditional retirement, 52% of
baby boomers are/will be interested in
part-time employment and 19% are/will be
interested in self-employment. (Rutgers
University Work Trends Study, 2000)
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