Folks Are Working L-O-N-G-E-R

According to an analysis by the U.S. Bureau of Labor Statistics, the number of people of 65 or older working or trying to find a job has grown since the late 1980's.

In 1987, 19.4 percent of folks in the 65 to 69 age group were working or looking for work. In 2003, that percentage has jumped to 27.2 percent. Meanwhile, the percentage of people 70-74 years old working or seeking work increased from 10 percent to 14.4 percent.

Why are people working longer? Pension fund losses and rising medical care costs are the two biggest factors. For some seniors however, it is desire to remain active and stay vital.

Source: U.S. Bureau of Labor Statistics