NC workers aged 75 or older expected to increase

RALEIGH (AP) — No retirement for these folks.

The number of people still working at age 75 or older is increasing in North Carolina.

According to federal census data, about 58,000 jobs are currently held by individuals born in or before the early 1930s, and about 2,000 workers in that demographic enter the work force
each year.

That’s less than 1 percent of the work force, but that’s expected to grow.

A recent report from the federal Bureau of Labor Statistics found that almost 2 million people aged 75 or older are expected to be in the U.S. work force by 2016. That’s a 6.3 percent growth rate.

Experts said the trend is driven by several factors, including higher education levels, better health among seniors, increases in the Social Security retirement age and the need for health insurance.

(Copyright 2008 by The Associated Press. All Rights Reserved.)