According to USA Today the labor force participation rate for people age 55 or older has increased by 3.7 percentage points since 2001. Contrast this with a decline in the overall workforce participation rate. The reasons?
- aging Boomers
- hard economic times tapping out retirement accounts
- a desire to work for the experience, not the money
The paper cites Dean Baker who says that in the last year, people age 55 or older accounted for more than half of the job gains in the Labor Department's household survey of employment.
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