Older Workers Working Longer
New Census Bureau data shows that nearly one-in-four people between the ages 65 and 74 were in the labor force. That’s an increase from 19.6% in 2000. It will be interesting to try and parse out how many are working because their finances are poor, and how many are continuing to work to stay active. Of course, for many people it could be a combination.
The American Community Survey is a vast resource of data, including employment, housing income and other economic and social variables.
Another highlight: More than half of California’s homeowners spent 30% or more of their household income on mortgage payments and other mortgage costs. The average for the United States as a whole is 37%. Minnesota stands at 34%. The bottom of the list is North Dakota at 23%.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.