04-17-2024, 09:09 PM
(04-17-2024, 06:19 PM)danbrotherston Wrote: I’m not questioning the numbers. But questioning why. all other cohorts are stable or rising and only that one is shrinking. I found that odd.
And yes, many people do want to work past 65, but I don’t see evidence that number is increasing or that it explains the increase in those who do work past 65
The reason why the younger cohorts are rising is due to immigration: most of the immigrants are relatively young. About 2M (permanent) immigrants in that five-year period, and while there are old and very young in the mix, 25-40 will be the biggest proportion.
The over-65 participation rate is up only slightly. And I think, anecdotally, at least some of that is due to companies willing to keep older workers on where young people are not available. But that is just my theory ...