The fastest-growing age group in the workforce isn’t teens or new college graduates, it’s people over 75.
New numbers from the Pew Research Center show more older Americans are delaying retirement or getting back into the workforce.
From $5 a gallon gas in some states to skyrocketing grocery bills, many retirees are finding their money isn’t going as far as it used to. But without intervention, the Social Security trust fund will be depleted by the mid-2030s, meaning that only a portion of retirees’ expected benefits will be paid out.Email AddressA drop in pension plans has also played a role. In the mid-1980s, about half of U.S. private sector workers were covered by pensions.Another big factor is health. People are simply living longer, so they need more money to live on.
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