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Report: More Baby Boomers Working Now?

The nonpartisan Employee Benefit Research Institute (EBRI) reports today that the percentage of workers over age 55 in the workforce grew in 2010 to the highest level in 35 years.

EBRI says the percentage of Americans over age 55 in the labor force was 29.4% in 1993, but the number has grown consistently since then to 40.2% in 2010.

But wait a second: If you were a 55-year-old Baby Boomer in 2010, then this means you were 38 years old in 1993. So if the bulk of the Baby Boomers were in their late 30s and 40s in the early 1990s, then they wouldn't have been counted in the 1993 statistics. The survey data would have included members of the World War II and "Silent" generations, which is a whole different enchilada.

The Baby Boom generation, as we all know, is also huge. The ranks of 55+ Americans have swelled in recent years. So is a 10.6% increase over 17 years really all that big, given the sheer size of the Baby Boom generation? It seems like generational differences would throw the numbers off somehow, but I'm not a statistician so maybe I should just pour myself another cup of coffee and refrain from simple math until I'm fully caffeinated.

You can get more information about the report here.


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