Retire at 65? These days that’s doubtful! People now enjoy better health as they age and, as a result, are able to remain in the labor force longer. Also, economic factors—an uncertain economy and an increase in the Social Security eligibility age, for example—create incentives for people to keep working. But it’s not just about economics—many older adults love their jobs! They work not because they have to, but because they want to.According to the U.S. Bureau of Labor Statistics, between 1977 and 2007, employment of workers 65 and older increased 101%, compared to a much smaller increase of 59% for all employees. The number of employed men 65 and older rose 75%, but employment of women 65 and older increased by nearly twice as much, climbing 147%. While the number of employed people 75 and older is relatively small (0.8% of the employed in 2007), this group had the most dramatic gain, increasing 172% between 1977 and 2007.
So what are the implications for your workplace? Do older workers add value? Do they require special considerations?
The answers are “Yes” and “Sometimes.”


