Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
It DOESN'T MATTER how long YOU expect them to participate - YOU have no say in their retirement. YOU can't stop time. People are going to retire whether YOU expect them to or not - and the fact is, the huge demographic wave that represents the Babyboomers (the BIGGEST generation in history) are starting to retire - driving the labor participation rate DOWN.
That's just a fact.
Ken
The percentage of workers of retirement age staying in the workforce is increasing.
According to the Bureau of Labor Statistics, in 2004, 15.6 percent of the labor force was aged fifty-five and older; that percentage is projected to increase to 21.2 percent by 2014.
With fewer workers having pensions and more retirees paying the full cost of their retiree health insurance, baby boomers are continuing to work longer. A new report from the Employee Benefits Retirement Institute (EBRI) says baby boomer are staying in the workforce past 55. A lot of that is driven by women continuing to work. However, among those age 65 and older, both men and women are continuing to work longer.
Specifically, the percentage of Americans near or at retirement age (age 55 or older) has been rising steadily since 1993, when it stood at 29.4 percent, reaching 40.2 percent in 2010 (it remained at that level in 2011). For men age 55 and older, the labor force participation rate grew from 1975 to 2010, before flattening out or slightly decreasing to 46.3 percent in 2011. Among women age 55 and older, the labor force participation rate grew from 22.8 percent in 1993 to 35.1 percent in 2010, its highest level, where it remained in 2011. The 1975 rate for females ages 55–59 was 47.9 percent, compared with 67.7 percent in 2011. But among those age 65 and older, labor-force participation increased for both males and females.
Beating Obama will be impossible with a quickly strengthening economy.
You're a idiot....if you think the economy is better your just a socialist
wanting the economy to fall...
Actually the economy is disaster and need help bad!!!
The economy is coming back???? I believe the original poster must live in the land of unicorns and chocolate bunnies frolicking in the fields...
Where is the economy coming back????? Liberal utopia-Obama-land??? Not her on the west coast I can tell you that!!!!
The only ones to believe the economy is returning are those on government assistance, those who don't own a house their trying to sell, or those that have a government job that hasn't gone bankrupt on pension plans.
The rest of us see the clam before the storm. Just ask the people in Stockton, California.
[quote=bradykp;23236188]electric rates are actually rather low due to natural gas prices. rate hikes for companies that have been waiting 2 decades or more to raise rates is why prices went up in some areas.
gas prices were only low because the economy tanked.
1.2M of those that "left the work force" are due simply to the census adjustments. 10,000 people per day turn 65 due to baby boomers. that's 300,000 per month. you do the math.
In 2012 the thought that a woman cannot decide if she gets pregnant or not or she cannot protect herself from sexually transmitted diseases or control her periods is outrageous. To look upon using contraceptives as something wrong is so wrong in itself.
The Economy is Coming Back Strong!! Obama to Roll Through 2016!
Quote:
Originally Posted by lifelongMOgal
The economy is not strengthening. This is the quiet before the storm. The printing presses for the euro are smoking hot to the tune of $500 Billion in an attempt to hold the eurozone together. China is printing as well while their economy begins to faulter due to decrease demand for goods from Western markets. Money is pouring in to the US stockmarkets as a result of that, low bond yields and a continued soft real estate market with the other shoe about to drop. Gas prices are headed up, up, up and Obama wants it that way.
Remember in 2008 one day we were at DOW 14000+ and then, without warning from the MSM or POTUS candidates, the bottom fell out.
Do you really want to vote for any of the guys who didn't see this economic crisis and soon to follow monetary crisis coming? Do you want to vote for the current guy who has tripled the US debt?
Me, I'll vote for the guy who predicted this and who has a plan to cut $1 Trillion in real spending the first year alone while re-establishing the US Constitution as the law of the land and recinding previous POTUSs unConstitutional Executive Orders.
Ron Paul 2012!
I'm with you 100%, but I fear Obama can not be defeated because of the support from the unions, people on welfare, and on the government payroll, fraudulent voters, and people that are just too dumb to realize what he will do to this country if he is elected to a second term. No one cares that our fuel prices have tripled since Obama has been in office, no one cares that our unemployment has sky rocketed since Obama has been in office, and no one cares that he has raised the national debt to new heights. All they seem to care about is who else they can blame. When it comes to politicians, whether they are Democrats or Republicans, they are all a bunch of crooks. There is no way to get rid of all of them at one time, and start over, so our republic as we know it will end. Too many people are able to vote money into their own pocket, so our republic will end. No one will start caring until there is a famine in this great land and we begin to starve.
In 2012 the thought that a woman cannot decide if she gets pregnant or not or she cannot protect herself from sexually transmitted diseases or control her periods is outrageous. To look upon using contraceptives as something wrong is so wrong in itself.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
The Economy is Coming Back Strong!! Obama to Roll Through 2016!
