Americans Are Working Longer Than Ever Before

America’s workforce is graying. According to an article by CNBC, the number of employed Americans 65 and older jumped more than 33 percent between 2015 and 2024. During that same time period, the labor force for all workers 16 or older increased by less than 9 percent. Workers age 65 and older now account for 7 percent of the total workforce. There were 11.5 million workers aged 65 and older last year — that’s three million more than 10 years ago.

Longer lifespans are part of the reason for America’s aging workforce, but, sadly, about two-thirds of older workers say they are still on the job because they have to.

The Seniors Trust is committed to improving the financial well-being of older Americans through the passage of The Social Security Expansion Act. It will give retirees an immediate benefits increase of about $200 a month, a fair annual cost-of-living adjustment (COLA), increased minimum benefits, and will ensure the long-term solvency of the Social Security program.