Friday, November 6, 2015

Our Aging Workforce: Increases in Older Worker Participation by 2020

A couple charts showing where we are, and where we may be headed regionally with an aging workforce.

Looking at the workforce age 65 and over, there has been an increasing trend in the size of our elderly workforce over the last 10 years. As a general statement, we have gained roughly 200 more workers in this age group each year.

The chart below shows this trend and breaks the age groupings down further: from 65 to 69; 70 to 74; and 75 and over. In each case, the region has seen increases in workers in these subgroups over the last ten years.


Based on this trend, a simple projection would suggest that as many as 1,000 MORE workers age 65 or older will be joining these ranks by the year 2020. Here's a look at how that thousand additional older workers will be distributed by age groupings by the end of this decade.