🍁 The 65+ population is booming, and so is their workforce presence!🚀
📈 From Oct 2012 to Jan 2024, we've seen the senior population surge from 4.9 million to 7.4 million — a 50% increase. Alongside, their workforce participation rate climbed from 6% in 2001 to 15% in 2024.
Moreover, the number of employed seniors skyrocketed from 200K in 2001 to 1.125 million in January 2024, marking a phenomenal 562% growth!
Why this remarkable trend? Better health is a crucial driver, while financial necessities for some are motivating more seniors to stay in or rejoin the workforce.
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