'65+' AMERICA'S ELDERLY DON'T SEEM TO STOP WORKING ANYTIME SOON
News by Editorial Team 23 Apr 2019
The number of 65-and-above-year-old Americans in the workforce has gone up. Compared to 1985, the number of people who are now working or seeking paid work in this age group has nearly doubled from 10 percent. College-educated older workers contribute the most to this rise. Now 53 percent of people in this age group have an undergraduate degree, the number which earlier, in 1985, stood at 25 percent. Consequently, there has also been a significant rise in the average income which now stands at $78,000 compared to $48000 in 1985. Contrarily, over the same period, the average income among workers below the age of 65 has increased by only 38 percent and now stands at $55000.