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Silver Staffers Aren’t Leaving The Office

The promise of midday golf games and spending three hours drinking one cup of coffee at a McDonald’s is not enough to keep older Americans retired. As of last year, workers over the age of 75 are the fastest-growing group in the workforce.

Baby boomers (anyone in the 61–79 age range) are either refusing to retire or, increasingly, reentering the workforce. In some cases, they need to, as the cost of living increases and the Social Security eligibility age creeps higher. Additionally, only about 24% of boomers have defined pension benefits, and only half of private sector workers have access to employer 401(k) plans.

But some, especially white-collar workers, are choosing to spend their golden years in an office:

Industries like nuclear energy are desperate for seasoned experts as the country starts to bring plants back online.
Less labor-intensive jobs mean older people can work longer with more flexible schedules. Doing a desk job for extra money might be more attractive if you’re doing it from a nice office with central air.
Older Americans are also becoming entrepreneurs: As of 2023, nearly a third of new founders are 45+, and the percentage of businesses founded by people 55–64 is rising.

Looking ahead…nearly 11 million older workers are employed right now, and that number is expected to jump by ~97% in the next decade, according to the Bureau of Labor Statistics.—MM

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Silver Staffers Aren’t Leaving The Office

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