Older adults are staying in the labor force longer, while younger adults are staying out of it longer, according to a Pew Research Center report released earlier this month.

Nearly four out of 10 adults who are working past the median retirement age of 62 say they have delayed their retirement because of the current recession, which some in the media have labeled a “he-cession” due to the large percentage of men who have lost their jobs. (Construction and manufacturing are two of the hardest hit areas.)

Young adults are staying in school longer due to poor job prospects and their collective belief that more education now will help their careers later.

These trends started about two decades ago and are expected to continue even after the economy improves, the report says.

Read the full report.

Darrin Devault, UT Professional & Personal Development

Follow us on Twitter: http://twitter.com/utnoncredit

Advertisements