Category: Financial / Topics: Demographics • Employment/Work • Financial • Statistics • Trends
by Stu Johnson
Posted: April 117, 2018
Census research reveals a significant trend…
By 2030, the U.S. Census Bureau projects that one in every five residents will be older than age 65. What do we know about older workers’ labor market participation and earnings today?
We know that the number of older workers is on the rise. We also know that these workers are not only making more money on average than ever before but are outpacing the average earnings growth of other age groups.
That is the observation of Erika McEntarfer, in a recent posting from the U.S. Census Bureau, “
The analysis in McEntarfer's brief report centers on this chart:
Click on image to enlarge (open a new window/tab)
Here are some of the significant points in the Census Bureau story and my own insights from general demographic research:
We all know of people—perhaps yourself included, if you’re in that older group—who have delayed retirement or sought other employment after retirement, some to remain active, but others because they need the income to survive (or maintain a standard of living closer to what they were used to before retirement). As McEntarfer observes:
The earnings statistics cited in this release do not indicate the source of the earnings. Further research is needed to distinguish what percent of older workers are working full-time at jobs where they have worked for many years, versus what percent of older workers are in part-time jobs. More research is also needed to understand the degree to which the earnings of older workers supplements any retirement income they receive from other sources.
The comments above include my own observations. Follow the link at the beginning to see the original posting on the Census Bureau website, where you will find additional links and technical details in a “Data Appendix.”
This article was also posted on SeniorLifestyle.org.
Search all articles by Stu Johnson
Stu Johnson is owner of Stuart Johnson & Associates, a communications consultancy in Wheaton, Illinois focused on "making information make sense."
• E-mail the author (moc.setaicossajs@uts*)* For web-based email, you may need to copy and paste the address yourself.
Posted: April 117, 2018 Accessed 3,224 times
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Category: Financial / Topics: Demographics • Employment/Work • Financial • Statistics • Trends
by Stu Johnson
Posted: April 117, 2018
Census research reveals a significant trend…
By 2030, the U.S. Census Bureau projects that one in every five residents will be older than age 65. What do we know about older workers’ labor market participation and earnings today?
We know that the number of older workers is on the rise. We also know that these workers are not only making more money on average than ever before but are outpacing the average earnings growth of other age groups.
That is the observation of Erika McEntarfer, in a recent posting from the U.S. Census Bureau, “
The analysis in McEntarfer's brief report centers on this chart:
Click on image to enlarge (open a new window/tab)
Here are some of the significant points in the Census Bureau story and my own insights from general demographic research:
We all know of people—perhaps yourself included, if you’re in that older group—who have delayed retirement or sought other employment after retirement, some to remain active, but others because they need the income to survive (or maintain a standard of living closer to what they were used to before retirement). As McEntarfer observes:
The earnings statistics cited in this release do not indicate the source of the earnings. Further research is needed to distinguish what percent of older workers are working full-time at jobs where they have worked for many years, versus what percent of older workers are in part-time jobs. More research is also needed to understand the degree to which the earnings of older workers supplements any retirement income they receive from other sources.
The comments above include my own observations. Follow the link at the beginning to see the original posting on the Census Bureau website, where you will find additional links and technical details in a “Data Appendix.”
This article was also posted on SeniorLifestyle.org.
Search all articles by Stu Johnson
Stu Johnson is owner of Stuart Johnson & Associates, a communications consultancy in Wheaton, Illinois focused on "making information make sense."
• E-mail the author (moc.setaicossajs@uts*)* For web-based email, you may need to copy and paste the address yourself.
Posted: April 117, 2018 Accessed 3,225 times
Go to the list of most recent InfoMatters Blogs
Search InfoMatters (You can expand the search to the entire site)
Category: Financial / Topics: Demographics • Employment/Work • Financial • Statistics • Trends
by Stu Johnson
Posted: April 117, 2018
Census research reveals a significant trend…
By 2030, the U.S. Census Bureau projects that one in every five residents will be older than age 65. What do we know about older workers’ labor market participation and earnings today?
We know that the number of older workers is on the rise. We also know that these workers are not only making more money on average than ever before but are outpacing the average earnings growth of other age groups.
That is the observation of Erika McEntarfer, in a recent posting from the U.S. Census Bureau, “
The analysis in McEntarfer's brief report centers on this chart:
Click on image to enlarge (open a new window/tab)
Here are some of the significant points in the Census Bureau story and my own insights from general demographic research:
We all know of people—perhaps yourself included, if you’re in that older group—who have delayed retirement or sought other employment after retirement, some to remain active, but others because they need the income to survive (or maintain a standard of living closer to what they were used to before retirement). As McEntarfer observes:
The earnings statistics cited in this release do not indicate the source of the earnings. Further research is needed to distinguish what percent of older workers are working full-time at jobs where they have worked for many years, versus what percent of older workers are in part-time jobs. More research is also needed to understand the degree to which the earnings of older workers supplements any retirement income they receive from other sources.
The comments above include my own observations. Follow the link at the beginning to see the original posting on the Census Bureau website, where you will find additional links and technical details in a “Data Appendix.”
This article was also posted on SeniorLifestyle.org.
Search all articles by Stu Johnson
Stu Johnson is owner of Stuart Johnson & Associates, a communications consultancy in Wheaton, Illinois focused on "making information make sense."
• E-mail the author (moc.setaicossajs@uts*)* For web-based email, you may need to copy and paste the address yourself.
Posted: April 117, 2018 Accessed 3,226 times
Go to the list of most recent InfoMatters Blogs
Search InfoMatters (You can expand the search to the entire site)