The American workforce is growing grayer. As a result of the recession and the slow economic recovery, many older workers are delaying retirement and staying in the workforce in record numbers.
According to the U.S. Bureau of Labor Statistics, the proportion of workers age 55 and older will increase steadily from 12% in 2000 to 20% by 2025. In fact, older workers make up the fastest-growing segment of the workforce, with nearly one in five working or looking for work – the highest labor force participation rate for this group in more than 50 years.
