Posted 04/04/2008 - 2:29pm
Older adults, and particularly women, are indeed working longer than in previous decades, according to federal statistics that highlight the need for work that matters in the second half of life.
According to the new report, “Older Americans 2008: Key Indicators of Well-Being,” more older Americans are continuing to work past age 55.
In particular, women’s participation in the labor force has steadily risen over the past four decades. Among women age 55 to 61, nearly 64 percent worked outside the home in 2006, up from 44 percent in 1963.
The report explains, “Many women now in their 60s and 70s did not work outside the home when they were younger, or they moved in and out of the labor force. As new cohorts of women approach older ages, they are participating in the labor force at higher rates than previous generations.”