The Myth of Retiring Baby Boomers

Anyone interested in digging deeper into the quandary over what’s responsible for the declining labor force participation rate in the US should have a look at this item from Doug Short over at Advisor Perspectives where the chart below is offered up as evidence that it’s not just demographics since the Baby Boom generation is actually working more.

Those born between 1946 and 1964 (and recall that the boom faded quickly in 1958) fit into the first four groups with only one group showing an increase in those seeing fit to no longer work or look for work – the 50- to 54-year olds. Given the slope of curves for the five older groups, perhaps their decision will prove to be a bit hasty as one thing is clear from the chart above – the older you get, the more likely it is you’ll re-enter the work force.

A Look at Long-Term Trends in Employment by Age Group

About the Author

tim [at] iaconoresearch [dot] com ()