Question of the Day: What percent of people age 75 and older are still working?
Answer: 8.9%
And it's expected to be the fastest growing segment of the working population in the future too!
Questions:
- Why do you think older people are still working at that age?
- How do you think the number of older people still in the workforce will impact you when you look for a job?
- Do you think your generation will be more likely to work past 75, compared to the baby boomers?
- What steps can you take now if you are interested in not working into your 70s?
Here's the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the numbers (The Guardian and BLS data):
Over the next decade, the number of workers ages 75 and older is expected to increase in the US by 96.5%, according to the Bureau of Labor Statistics, with their labor force participation rate projected to rise from 8.9% in 2020 to 11.7% by 2030, a rate that has steadily increased from 4.7% in 1996.
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Check out the NGPF Career Unit page for more ideas on projects, activities and other resources to prepare your students for the future.
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Many of your students might consider a career as an influencer. Check out the NGPF Arcade Game Influenc'd, a game designed to give them an idea of what it’s like to be an entrepreneur.
About the Author
Tim Ranzetta
Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.
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