The number of people aged 65 and older in the labor force is projected to grow by almost 80 percent through 2018, according to new analysis from the U.S. Bureau of Labor Statistics. Those aged 55 to 64 will grow by 33 percent.
Fifty-five to 64-year-old workers will increase by more than seven million and those aged 65 and older will jump by almost five million.
The baby-boom generation–those born between 1946 and 1964–is expected to remain in the labor force longer than previous generations, says the U.S. Department of Labor. Meanwhile, the numbers of 45- to 54-year-olds and 35- to 44-year-olds are expected to shrink as baby boomers age and shift into older groups.
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