The working behavior and participation rates of older workers in the labor force have shifted substantially in recent decades. Although much of the 3.1 percentage point decline in U.S. labor force participation from 2007 to 2018 can be connected to an increased aging population (the share of the U.S. population over the age of 65 has increased from 15.6 to 19.9 percent in the last 12 years), the explanation for this trend extends far beyond a population aging out of the workforce. Follow this link to read more.
Sourced from: Brookings