Older Workers Are Growing in Number and Earning Higher Wages
Roughly one-in-five Americans ages 65 and older were employed in 2023 – nearly double the share of those who were working 35 years ago.
The aging of populations raises concerns about the affordability of publicly funded pension and health care programs in the future. Many developed economies already expend a sizable share of their GDP on these programs. For example, public expenditures on pensions and health care currently consume about 13% of GDP in the U.S. and in excess […]
Overview At a time when the global population of people ages 65 and older is expected to triple to 1.5 billion by mid-century, public opinion on whether the growing number of older people is a problem varies dramatically around the world, according to a Pew Research Center survey. Concern peaks in East Asia, where nearly […]
Beard, John R., Simon Biggs, David E. Bloom, Linda P. Fried, Paul Hogan, Alexandre Kalache and S. Jay Olshansky, eds. Global Population Ageing: Peril or Promise? Geneva: World Economic Forum (2011). Bloom, David E., David Canning and Günther Fink. “Implications of Population Aging for Economic Growth,” National Bureau of Economic Research, Working Paper No. 16705 […]
Although the population in the U.S. is getting older and growing more slowly than in the past, the demographic future for the U.S. is robust in comparison with other countries. In particular, the U.S. population is projected to grow faster and age slower than the populations of its major economic partners in Europe and Asia. […]
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