Retirement Statistics Statistic # 2071 According to 2008 analysis of Bureau of Labor Statistics data, the number of men aged 50 and older in the workforce from 2005-2010 is 21,114,000. Of those, 4,490,000, or 21.3%, are projected to exit from the workforce during that time period. The number of women aged 50 and older in the workforce from 2005-2010 is 18,119,000. Of those, 4,201,000, or 23.2%, are projected to exit from the workforce during that time period. (Table 4, p. 46) Gendell, M. (2008). Older workers: Increasing their labor force participation and hours of work. Monthly Labor Review, 131(1), 41-54. Retrieved from http://www.bls.gov/opub/mlr/2008/01/art3full.pdf This report is based on the author's analysis of data collected annually by the Social Security Administration and on data from the Current Population Survey and Bureau of Labor Statistics. Retirement Statistics Statistic # 2074 According to 2008 analysis of Social Security data, in the 2000-05 period, the median age at exit [retirement] was 61.6 for men and 60.5 for women, a decline from the medians in the 1995-2000 period of 0.4 and 0.9 for men and women, respectively. The median age at exit estimated for the 2005-10 period, based on the labor force data for 2010 projected by the Bureau of Labor Statistics (BLS) in 2007, indicates no change for men, but a large reversal for women (from age 60.5 to age 62.0). (p. 43) Gendell, M. (2008). Older workers: Increasing their labor force participation and hours of work. Monthly Labor Review, 131(1), 41-54. Retrieved from http://www.bls.gov/opub/mlr/2008/01/art3full.pdf This report is based on the author's analysis of data collected annually by the Social Security Administration and on data from the Current Population Survey and Bureau of Labor Statistics. Retirement Statistics Statistic # 2076 According to 2007 Current Population Survey data, among the 42,207,000 persons aged 55 and over who are currently not in the labor force, 41,275,000 (98%) report that they "do not want a job now", compared to 933,000 (2%) who indicate that they do want a job. U. S. Bureau of Labor Statistics. Household data annual averages. Table 35. Persons not in the labor force by desire and availability for work, age and sex. Retrieved June 3, 2008, from http://www.bls.gov/cps/cpsaat35.pdf The Current Population Survey (CPS) is a monthly survey of households conducted by the Bureau of Census for the Bureau of Labor Statistics. It provides a comprehensive body of data on the labor force, employment, unemployment, and persons not in the labor force. Retirement Statistics Statistic # 2261 According to a 2008 analysis of CPS data, men 65 to 69 were about six percentage points less likely to be retired in 2004 than in 1992. A similar analysis of HRS data showed that between 1998 and 2004, the fraction of 65 to 67 year old men who were completely retired declined by 3.1 percentage points (p. 4) Helman, R., Copeland, C., VanDerhei, J., & Salisbury, D. (2008). EBRI 2008 recent retirees survey: Report of findings (Issue Brief No. 319). Washington, DC: Employee Benefit Research Institute. Retrieved from http://www.ebri.org/pdf/briefspdf/EBRI_IB_07-2008.pdf This paper uses Health and Retirement Study data to document the changes in retirement status among cohorts. For those 65 to 67, there is a clear trend toward later retirement. (p. 18) Retirement Statistics Statistic # 2264 According to a 2007 Census Bureau report, among persons aged 55-64 who were not working in 2004, 32.4% reported chronic illness or disability as the reason for not working, while 42.8% reported that they were retired. Among those 65 and over who were not working, 85.9% reported that they were retired, compared to 7.4% who said the chronic illness or disability was the reason. (table 2, p. 5) Dalirazar, N. (2007). Reasons people do not work: 2004 (Current Population Reports No. P70-111). Washington, DC: U. S. Census Bureau. Retrieved from http://www.census.gov/prod/2007pubs/p70-111.pdf The population represented (population universe) in the 2004 SIPP is the civilian noninstitutionalized population living in the United States. The SIPP is a longitudinal survey conducted at 4-month intervals. The data in this report were collected from February through May 2004 in the first wave (interview) of the 2004 SIPP. Retirement Statistics Statistic # 2265 According to a 2007 Census Bureau report, for nonworkers 45 years and older, health and retirement were the dominant reasons for not working. The proportion of nonworkers listing either of these reasons ranged from 51 percent for 45- to 54-yearolds, to 94 percent for people 65 years and over. Retirement was the reason given by 86 percent of nonworkers 65 years and over. (p. 5) Dalirazar, N. (2007). Reasons people do not work: 2004 (Current Population Reports No. P70-111). Washington, DC: U. S. Census Bureau. Retrieved from http://www.census.gov/prod/2007pubs/p70-111.pdf The population represented (population universe) in the 2004 SIPP is the civilian noninstitutionalized population living in the United States. The SIPP is a longitudinal survey conducted at 4-month intervals. The data in this report were collected from February through May 2004 in the first wave (interview) of the 2004 SIPP. Retirement Statistics Statistic # 2269 According to a 2008 analysis of CPS data, "among both men and women aged 70 and older, rates of employment rose slightly between 1990 and 2008. In March 2008, 14% of men aged 70 and older were employed, compared with 10% in 1990. Among women aged 70 and older, 8% were employed in March 2008, compared with 5% in March 1990." (p. 5) Purcell, P. (2008). Older workers: Employment and retirement trends - September 15, 2008. Washington, DC: Congressional Research Service. Retrieved from http://opencrs.cdt.org/document/RL30629 This paper presents an analysis of data from the Census Bureau's March 2008 Current Population Survey on employment and receipt of pension income among persons age 55 and older, and data from the Social Security Administration on the proportion of workers who claim retired-worker benefits before the full retirement age.