Number Of Senior Citizens Working Doubled To Record 7.2 Million In Last 15 Years


The number of Americans working has dropped by 4.4 million since the beginning of the Great Recession, but the number of older Americans in the workforce rose more than 25 percent over the same time period, the New York Times reports. There are now a record 7.2 million Americans age 65 and over in the workforce, double the number 15 years ago. The increase has been driven, at least in part, by a need for income after 401(k)s were decimated by the financial crisis, an increase in the Social Security retirement age, and the decrease in the number of workers who retire with pension benefits.