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In 2000, nearly 515,000 of the state’s 3.1 million households—16%—received retirement income. This proportion increased to 19% or 693,000 households by 2010-14, according to the American Community Survey. While the number of households receiving retirement income has increased by 178,000, a growth rate of 35%, the aggregate value of retirement income received has grown even more. Retirement income received by North Carolina households rose from $8.7 billion in 2000 to $15.1 billion by 2010-14. This…
“In 2011, the first of the baby boomers reached what used to be known as retirement age. And for the next 18 years, boomers will be turning 65 at a rate of about 8,000 a day. As this unique cohort grows older, it will likely transform the institutions of aging — just as it has done to other aspects of American life. Will boomers redefine this life stage, or will it redefine them? We’ll explore that question in…
“The U.S. workforce has never been older. The share of workers ages 55 and over hit 22.2 percent in July, according to data released last week by the Bureau of Labor Statistics. That’s the highest since record-keeping began in 1948.” – Peter Coy, “American Workers Are Older Than Ever” at Bloomberg Businessweek Although I don’t have data for North Carolina going back to 1948, the Current Population Survey shows similar trends are occurring in North…
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