Between 2014 and 2025, American workers age 65 and older grew more than 40 percent – the biggest jump of any age group – rising from eight million to 11.4 million people.
That’s according to an analysis of government labor statistics conducted by MyPerfectResume.com.
Why it matters: Certain jobs are aging more rapidly than others, among them credit counselors and loan officers, which saw a 10.29 percent uptick in older workers.
What they’re saying: “That points to a pipeline issue where younger workers aren’t entering these roles at the same pace,” says the analysis.
The analysis also estimated that just under 38 percent of real estate brokers and sales agents are 55 and older, which ranked eighth among the 20 oldest professions.
A few patterns are becoming clear:
- Experience and institutional knowledge are concentrated among older workers.
- Some occupations aren’t attracting enough younger workers to replace those who leave.
- Certain industries may face tighter labor conditions as retirements increase.
- Career timelines are shifting, with more people staying employed later in life.
