More Older People at the Workplace!

Posted by:  BeamaLife Editor  on 11 Nov, 2008

Here are some eye popping statistics from the US Bureau of Labor about retirement savings and how more people are working today to bridge the retirment income gap.

Between 1977 and 2007, employment of US workers 65 and over increased 101%. The number of employed men 65 and over rose 75%, but employment of women 65 and older increased by nearly twice as much, climbing 147%.

While the number of employed people age 75 and over is relatively small (0.8% of the employed in 2007), this group had the most dramatic gain, increasing 172% between 1977 and 2007.