Economy
Related: About this forumAmerica's Elderly Are Twice as Likely to Work Now Than in 1985
Just as single-income families began to vanish in the last century, many of Americas elderly are now forgoing retirement for the same reason: They dont have enough money. Rickety social safety nets, inadequate retirement savings plans and sky high health-care costs are all conspiring to make the concept of leaving the workforce something to be more feared than desired.
For the first time in 57 years, the participation rate in the labor force of retirement-age workers has cracked the 20 percent mark, according to a new report from money manager United Income (PDF).
As of February, the ranks of people age 65 or older who are working or seeking paid work doubled from a low of 10 percent back in early 1985. The biggest spike in employment has gone to college-educated older workers; the share of all employees age 65 or older with at least an undergraduate degree is now 53 percent, up from 25 percent in 1985.
https://www.bloomberg.com/news/articles/2019-04-22/america-s-elderly-are-twice-as-likely-to-work-now-than-in-1985
orangecrush
(19,665 posts)The dismantling of the middle class.
katmondoo
(6,457 posts)My conservative relatives hate me for that. I am sneered at for being a Liberal. I left Facebook for that reason, I could never ignore them.
orangecrush
(19,665 posts)But I feel family should come before political differences.
That's just my take.
Give them time and patience, and don't make agreeing a condition imof reconcilliation.