Study: More older Californians working
SACRAMENTO ” A study has found that more Californians are putting off retirement and staying on the job.
The report released Monday by the nonprofit California Budget Project found that the employment rate among Californians ages of 65 to 69 increased by more than 9 percentage points between 1995 and 2008, from 20.3 percent to 29.7 percent.
Most of the increase took place between 2000 and 2008.
The study found the same trend among slightly younger workers, those between the ages of 55 and 64. The percentage of that group with jobs increased from 54.8 percent to 63 percent during the same 13-year period.
The organization attributed the increase to several factors, including longer life expectancy, improved health and diminished retirement security.