The Graying of America

10/05/2006

One thousand days to learn; ten thousand days to refine.
Japanese Proverb

Like populations in most industrialized nations, older workers will represent a growing proportion of the US workforce as the result of the aging baby-boom population and the high cost of retirement. As covered in Work & Family Life (September 2005; [email protected]), a Bureau of Labor Statistics report, “Labor Force Projections to 2012,” predicts that by 2012…

The will be 10 million more working over the age of 55 in the labor force, a 50% rate of growth. The number of workers between ages 35 and 44 will shrink by 3 million, or 6.8%.
The number of women aged 55 to 64 in the labor pool will increase from 41.8% in 1982 to 60.6% in 2012.
Among workers ages 65 to 74, labor force participation is expected to grow from 16.2% in 1982 to 23.6% by 2012.

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