From today’s Washington Post:
Seventy may be the new 60, and 80 may be the new 70, but 85 is still pretty old to work in America. Yet in some ways, it is the era of the very old worker in America.
Overall, 255,000 Americans 85 years old or older were working over the past 12 months. That’s 4.4 percent of Americans that age, up from 2.6 percent in 2006, before the recession. It’s the highest number on record.
They’re doing all sorts of jobs — crossing guards, farmers and ranchers, even truckers, as my colleague Heather Long revealed in a front-page story last week. Indeed, there are between 1,000 and 3,000 U.S. truckers age 85 or older, based on 2016 Census Bureau figures. Their ranks have roughly doubled since the Great Recession.
America’s aging workforce has defined the post-Great Recession labor market. Baby boomers and their parents are working longeras life expectancies grow, retirement plans shrink, education levels rise and work becomes less physically demanding. Labor Department figures show that at every year of age above 55, U.S. residents are working or looking for work at the highest rates on record.
At the lower end of the age curve, the opposite holds true. Workers age 30 and younger are staying on the sidelines at rates not seen since the 1960s and ’70s, when women weren’t yet entering the workforce at the level they are today.
Read the complete article here.