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People Working Ages 75 and Older will Increase 96.5% by 2030

The U.S. Bureau of Labor Statistics is forecasting people working who are 75 and older will increase by 96.5% by 2030.  All other age groups will show either declines or marginally increase their labor participation rates.

Click here to read the full report

The current labor shortage has clearly been exasperated by the pandemic but its routes date from 1999 when the labor participation rate began a steady and predictable decline. 

We will be writing more about the decline in the labor participation rate over the next weeks and how we believe it will impact our investment strategy.