May 09, 2023

Question of the Day: What percent of people age 65-74 are still working?

Many people hope to retire in their early 60s. But how many people are still working into their golden years?

 

Answer: 25.8% as of 2021 and projected to be 30.7% by 2031

 

Table from the US Bureau of Labor Statistics with work info.Source: U.S. Bureau of Labor Statistics

 

Questions:

  1. Even though the percentage went down slightly in 2021, why do you think an increasing number of older people are still working at that age?
  2. How do you think the number of older people still in the workforce will impact you when you look for a job?
  3. Do you think your generation will be more likely to work past 65, compared to the baby boomers?
  4. What factors may determine how long you work compared to today’s retirees?

 

Here are the ready-to-go slides for this Question of the Day that you can use in your classroom.

 

Behind the numbers (Federal Reserve Bank of Minneapolis):

 

"Seniors aged 65 to 69, past the standard retirement age, are actually more likely to have a job than teenagers. A full 32 percent of these post-retirement-age seniors have jobs, up from less than one-quarter in 2000."

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For more resources related to career planning, check out NGPF's Career unit.

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About the Author

Ryan Wood

Ryan grew up with and maintains a love for learning. He graduated from the University of Wisconsin-Green Bay with a degree in Business Administration and worked in sports marketing for a number of years. After living in Texas, Colorado, Tennessee, and Minnesota, the call of education eventually brought Ryan back to his home state of Wisconsin where he was a Business and Marketing teacher for three years. In his free time he likes to spend time with his wife and daughter, play basketball, read, and go fishing. Now with NGPF, Ryan is excited to help teachers lead the most important course their students will ever take.

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