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The percentage of people over age 65 who are working is at a record high, with over 1/3 of men...

The percentage of people over age 65 who are working is at a record high, with over 1/3 of men and over 1/4 of women aged 65-69 holding jobs. Of those 75 years old and over, 1 in 9 men and 1 in 20 women are employed. Meanwhile, the percentage of people younger than 64 with jobs has fallen, with those aged 25-54 down most. "This aging-but-not-yet-aged segment of the baby boomer class can’t afford to retire," says economist David Rosenberg.
Comments (5)
  • New source of cheap labor?
    20 May 2012, 05:41 AM Reply Like
  • Once again, bad information on who Baby Boomers are.

     

    Baby Boomers are aged 48-66 in 2012.

     

    President Obama, Mitt Romney, John Boehner, and Hillary Clinton are all Boomers, as are the vast majority of those in the Senate and the House of Representatives.

     

    Jamie Dimon, Lloyd Blankfein, Bob Diamond, and most top bankers are Boomers. So are most top corporate executives
    and most top media executives.

     

    The vast majority of Boomers believe it is pretty disgusting to camouflage these facts and try to promote an entirely different standard for the 99 percent plus of Boomers who are not in this elite than the standard which applies to Boomers in the fortunate less than one percent.
    20 May 2012, 12:00 PM Reply Like
  • when folks have a plan and follow the plan they can retire if they want to....this trend is not new and shows how there is a lack of knowledge about saving, spending, and investing in our nation.....since I am of libertarian capitalist beliefs, everyone is responsible for their own destiny. When ignored, when an insipidice reliance on any government entity is prevelant, then this is what happens I am afraid.

     

    RS
    20 May 2012, 12:06 PM Reply Like
  • Its not what you make but what you spend that counts. To many people spend to much of their future earnings for present gratification.
    20 May 2012, 12:11 PM Reply Like
  • Us old farts are smart enough to know that when you have a good job going you don't throw it down the trash to go demonstrate with OWS.
    21 May 2012, 08:55 AM Reply Like
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