The Graying Workforce

Published Saturday, June 11, 2011 1:43 PM

Rumor has it Mick Jagger is starting a new band.  Why not? He's only 67.

Mick's not alone in working well past what was once considered retirement age. Gray is the new color of the American workforce according to the Department of Labor which estimates the number of workers 55 and over will jump 36.5 percent from 2006 to 2016. 

Where will all these folks be working? According to a recent Harvard Business Review article, certain sectors look rosy for aging boomers. 

They include:

  • Health care (nursing, home health care, medical assistants)
  • Education (teachers, teacher assistants and child care workers)
  • Nonprofits and government (business operations specialists; general and operations managers; receptionists and information clerks)
  • Social services: (clergy and social and human service assistants)

U.S. News & World Report also recently looked at the issue of  the aging workforce, finding that a quarter of Fortune 500 employees are 50 and older. Certain industries such as the airlines and insurance sector have more over 50 employees than other sectors such as hospitality and food.

A myriad of factors are contributing to the graying workforce: people are living longer and healthier lives, the financial turmoil of recent years has impacted retirement savings and technological advances are allowing older workers greater employment longevity.

Will retirement eventually, well, retire?

We want to hear your thoughts on retirement and the graying workforce.  Has your retirement goal shifted to a later date? What keeps you in the workforce? Share your thoughts here and at the Pendaflex Facebook page.



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Beyond FoldersTM is written by a team of Pendaflex associates passionate about time management, communications, productivity and workplace organization.  Believing in  "continuous improvement" on both a personal and professional level, they share their unique perspectives on subjects of common interest to our readers.

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