On the heels of Friday’s good employment report, this interesting bit of information came out: The number of people over 85 years old who are still working is rising.
The Washington Post, which ran the story, gave a whole lot of good reasons for this trend: People can’t afford to retire. They are healthier at an old age. The more educated they are the longer they can work, and jobs are less strenuous today, etc.
All good reasons. But here’s the important one that was missed: There are simply more Americans who are achieving advanced age today, so of course the sheer number of workers in that group will be rising.
Right now, 4.7 percent of the US population is over 90 years old, compared with just 2.8 percent in 1980. By 2050, that percentage will rise to 10 percent.
How much do you want to bet that the number of 85-year-olds working then will be larger than it is today?
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