Amid the pandemic, a rising share of older U.S. adults are now retired
As of the third quarter of 2021, 50.3% of U.S. adults 55 and older said they were out of the labor force due to retirement.
Numbers, Facts and Trends Shaping Your World
As of the third quarter of 2021, 50.3% of U.S. adults 55 and older said they were out of the labor force due to retirement.
A quarter of U.S. adults ages 25 to 34 resided in a multigenerational family household in 2021, up from 9% in 1971.
The gender wage gap is narrower among younger workers nationally, and the gap varies across geographical areas.
In the third quarter of 2020, about 28.6 million Baby Boomers reported that they were out of the labor force due to retirement.
In 2019, the share of American children living in poverty was on a downward trajectory, reaching record lows across racial and ethnic groups.
Between February and June 2020, the share of young adults who are neither enrolled in school nor employed has more than doubled.
The share of 18- to 29-year-olds living with their parents has become a majority since U.S. coronavirus cases began spreading early this year.
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