Why More People Are Trying A Phased Retirement

By Chris Farrell, Next Avenue

Next Avenue readers know that the U.S. workforce is aging. The ranks of workers 65 years and older has nearly quadrupled to more than 11 million since the mid-1980s, according to a report by the Pew Research Center. The trend toward an older workforce will continue, largely thanks to the combination of increased life expectancy (on average) and lower birth rates. The Bureau of Labor Statistics predicts adults aged 65 and over will account for 57% of labor force growth over the decade ending in 2032.