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%.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.