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.
Numbers, Facts and Trends Shaping Your World
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.
As of 2021, 25% of 40-year-olds in the United States had never been married, a significant increase from 20% in 2010.
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.
Between February and June 2020, the share of young adults who are neither enrolled in school nor employed has more than doubled.
The 30-year low reflects in part tight labor markets and falling unemployment, but also higher shares of young women at work or in school.
Financial independence is one of the many markers used to designate the crossover from childhood into young adulthood, and it’s a milestone most Americans (64%) think young adults should reach by the time they are 22 years old, according to a new Pew Research Center study. But that’s not the reality for most young adults who’ve reached this age.
Today’s 6- to 21-year-olds are already America’s most racially and ethnically diverse generation – and more of them are heading to college than previous generations.
In the past 10 years, the share of U.S. adults living without a spouse or partner has climbed to 42%, up from 39% in 2007.
Through both recession and recovery, the share of young adults living in their parents’ home continues to rise. As of 2016, 15% of 25- to 35-year-old Millennials were living in their parents’ home.
Millennial workers are just as likely to stick with their employers as their older counterparts in Generation X were when they were young adults.
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