One Fifth of Retirement Age Americans are Working and their Ranks are Growing

“ The percentage of Americans working after turning 65 is expected to increase to 23.3% in 2028, according to recent analysis from the Pew Charitable Trusts, which reports the workforce participation rate for the same age group was just 12% in 1998.

About half of the 9 million working senior citizens in the U.S. are employed in retail, health care, business services or education, according to Pew’s analysis. While some of the highest-paying jobs held by seniors are at colleges and universities, where their average salary is over $93,000 a year, more than 165,000 working seniors are employed in grocery stores where they earn an average of $31,000 a year.”

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Source: Financial Advisor Magazine