Report – Labor-force Participation Rates of the Population Age 55 and Older, 2011

Labor-force Participation Rates of the Population Age 55 and Older, 2011: After the Economic Downturn, by Craig Copeland, Employee Benefit Research Institute

“As the Baby Boom generation ages, so has the American work force. The number of workers whose age is typically associated with retirement (55 and older) has also sharply increased. This has occurred at a time when workers are assuming more responsibility for funding their retirement expenses, as private-sector workers more commonly have a defined contribution (401(k)-type) plan (which typically requires workers to contribute). Employment-based retiree health insurance is increasingly scarce, and those who do have it are likely finding that their share of that cost is increasing. Consequently, more workers are finding it necessary to remain in the work force to continue to accumulate retirement savings and/or to have access to employment-based health insurance.”

Report – Labor-force Participation Rates of the Population Age 55 and Older, 2011

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