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submitted 6 months ago by MicroWave@lemmy.world to c/news@lemmy.world

The graying of the American workforce continues: Baby boomers are working longer and earning more than their predecessors did in what Americans typically think of as retirement years, new research finds.

Almost 20% of Americans ages 65 and older were employed this year, according to a new report from Pew Research Center. That’s nearly double the share of those who were working 35 years ago. In total, there are around 11 million Americans 65 or older who are working today, comprising 7% of all wages and salaries paid by U.S. employers. In 1987, they made up 2%.

And not only are more Americans at or above the traditional retirement age of 65 working, but they are also earning substantially more compared with what older workers earned in the 1980s. Now, the typical older worker earns $22 per hour, compared with $13 per hour then. Their wage growth—some of which can be attributed to their working longer hours than older Americans did in the past—has outpaced that of workers ages 25 to 64 over the same time period, according to Pew’s research, which is based on data from the U.S. Census Bureau’s Current Population Survey and the Federal Reserve’s 2022 Survey of Household Economics and Decisionmaking.

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[-] the_post_of_tom_joad@sh.itjust.works 86 points 6 months ago* (last edited 6 months ago)

What a useless article. It doesn't even account for inflation. Is it designed to make boomers feel good about having to be a wal-mart greeter to survive?

Perhaps they are "bored" in retirement because even after a lifetime of labor there isn't enough money left to do anything but sit and watch tv?

[-] ExfilBravo@lemmy.world 31 points 6 months ago

I've lost count of how many boomers I've heard say "I don't know what I would do with myself if I didn't have to work". Fuck that generation. They had a chance for everything and said "whatever!" And just did nothing instead.

[-] Sho@lemmy.world 28 points 6 months ago* (last edited 6 months ago)

Literally heard a group of boomers talking over coffee the other day. One goes " weird we haven't had snow, I guess it could be because of global warming" then another goes "yeah but not like we need to care!" Then they all had a big laugh about it....

[-] Zevlen@lemm.ee 2 points 6 months ago

Hey, when You're part of the hip / cool club😎 👍 You can totally do that

[-] Sho@lemmy.world 2 points 6 months ago

More like the "oww my hip!" Club 🤣

[-] Zevlen@lemm.ee 2 points 6 months ago
[-] Zevlen@lemm.ee 2 points 6 months ago

/s

Thx for the downvotes. Always welcome 🤗 / appreciated

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this post was submitted on 17 Dec 2023
280 points (92.9% liked)

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