Older Americans are not working as late in life as they used to

[lovuian]

http://www.signonsandiego.com/news/business/20060309-1437-retiringseniors.html

WASHINGTON – Fifty years ago, nearly half of American men 65 and older were still working. Today, only about one in five remains in the work force.
Some of the reasons, according to a government report Thursday: the growth in private pensions, Social Security and Medicare benefits. As benefits for older Americans grew in the last half of the 20th century, fewer saw the need to work beyond 65.



“Not too long ago, people, particularly men, worked until they were physically unable to work,” said Robert Friedland, director of the Center on an Aging Society at Georgetown University. “Now, people have a period of time to which they are looking forward.”

Women in general are working in much larger numbers than they used to, but among those 65 and older, those staying on the job has remained steady at around 10 percent since 1950.

The findings are part of a report thick with statistics on America's elderly, called “65+ in the United States: 2005.” It was commissioned by the National Institute on Aging and compiled by the Census Bureau
more...

The Baby Boomers are starting to get ready to retire!!!

[leftofthedial]

1. that's 'cause no one will fucking hire anyone over 50.

[lovuian]

3. Thats so true!!! So true!!!

and a million isn't enough to retire on??? thats ridiculous my parents retired and they only had 200,000 but they had mutiple pensions and social security... and knew how to live frugally but still had a damn fine time when they were in their late 50's
My dad had a money manager tell my dad he didn't have enough but they did...though this year the medications are rising and its hitting their pocket books

[flordehinojos]

2. they must not be counting the 70 and 80 year olds who are working at jobs

like bag boy/ bag lady at the supermarkets; or, who are working part time jobs at cosmetic counters, doctors' offices, social service agencies ... or,

and so, why are they making retirement agen now to be 67 instead of 65? they should have made it 62 (which is only reduced retirement at 62)...

and with insurance companies and HMOs cutting coverage for medicines and medical care ... the bush administration is handing us an ethnic cleansing of its own ... many elderly will die for lack of medicines, or medical care, or for being forced to go out and work when they should be at home enjoying what few years of health and life they have.

Someone is manipulating the study and the statistics.

[lovuian]

4. Don't forget the Walmart Greeters...

Howdy... Welcome!!!

[flordehinojos]

5. and how could i have forgot them? thanks for not making them present too.

;)

[Up2Late]

6. So this is according to "a government report?" a 254 page report...

...that is using 6 year old data, and it's issued by this "government" that Lies about EVERYTHING!?!

And this is the most positive thing the media can find to say about this report?

Why would I believe anything these two (this "government" and the MSM) say?

Plus, this is a bogus statistic! They are comparing 1955 to today! Can anyone tell me why this is a bogus comparison?

Because of a little thing call World War 2 and the Korean War! We lost 418,500 people under the age of 35 in WW2, and we lost another 54,246 total on-duty fatalities from all causes in the Korean War. So who is going to fill those jobs?

Older workers.

This report is just as bogus as everything else this administration does.

[Moderator]

7. DUplicate

http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=102&topic_id=2155761