Millions of Americans work day-after-day for decades with the hopes of one day being able to save enough money to retire. For some this dream becomes a reality, but for others they never get a chance to retire and end up working until the day they die or until they are much older than past generations. Recently, the Bureau of Labor Statistics released some eye-opening figures about the percentage of older Americans who continue to work well into their 70s.
The figures released by the Bureau of Labor Statistics provide the employment rates of older Americans in two categories from 1994 to 2015. The first category is Americans ages 70 and older who are still employed. Just last year close to 12 percent of Americans 70 and older were employed compared to less than 8 percent in 1994. The second category looked at Americans age 60-69 who are employed. In 2015 there was about 43 percent of this age category employed compared to less than 32 percent in 1994.
Be Wary Of ‘Social Security Reform’
Although there are many things to disagree with Republicans about you have to admit they know how to get their point across. For years the Republican Party has trained its elected officials and candidates on the specific terminology they should use on certain wedge issues within the political spectrum. For example, they turned global warming into climate change and they rephrased the estate tax into the death tax. One of my favorites is when the Republicans referred to the health care bill as a government takeover of health care even though private insurance companies would still be providing the health care. The same thing is going on when they talk about Social Security reform. Make no mistake, when Republicans refer to Social Security reform they are really talking about cutting Social Security benefits.
