DEMO MEMO: They're Not Over the Hill: They're on the Other Side of It

Friday, 06 March 2015 21:43 administrator
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ANOTHER BOOMER TREND: MEN ARE CASHING OUT OF THE LABOR MARKET ASAP

Between 2000 and 2010, the labor force participation rate of men aged 65 to 69 climbed by more than 6 percentage points—from 30.3 to 36.5 percent.

Many thought the upward trend was here to stay as the baby-boom generation sought to boost its retirement income. Many were wrong. As boomer men filled the 65-to-69 age group over the past four years, the rise in labor force participation came to a halt, according to the Bureau of Labor Statistics. In fact, the labor force participation rate of men aged 65 to 69 fell slightly between 2010 and 2014...

Labor force participation rate of men aged 65 to 69
2014: 36.1
2010: 36.5
2000: 30.3

 

 

Interestingly, a Gallup survey of today's 65-to-68-year olds found them no more likely to work than the four-year cohort immediately preceding them. Those Gallup results are now confirmed.

Source: Bureau of Labor Statistics, Labor Force Statistics from the Current Population Survey

 

 

Number of Moves in Lifetime

The average American will move 11.7 times during his or her lifetime, according to a Census Bureau calculation made a few years ago. The estimate was based on annual mobility and mortality rates in 2007 and allowed for a maximum of one move per person per year.

Now FiveThirtyEight has updated that estimate. As of 2013, the average American will move 11.3 times in his or her life. Behind the slight decline is the drop in mobility rates caused by the collapse of the housing market and the subsequent Great Recession. The average 18-year-old in the United States has moved twice, says Mona Chalabi of FiveThirtyEight's DataLab, and the average 30-year-old has moved six times.

Source: FiveThirtyEight, How Many Times Does the Average Person Move?

 

From Demo Memo by Cheryl Russell  http://demomemo.blogspot.com/

Russell is a demographer and the editorial director of New Strategist Publications. She is the former editor-in-chief of American Demographics magazine (then located in Ithaca) and The Boomer Report. She is the author of Bet You Didn't Know and other books on demographic trends. She holds a master's degree in sociology/demography from Cornell University.



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Last Updated on Saturday, 07 March 2015 17:32