The Role of Accessibility in Delayed Retirement

Project Description

The population of California is aging as life expectancy increases and birth rates decline. Projections from the U.S. Census Bureau show that by 2030, the number of seniors in California will increase to 10.6 million, almost a quarter of the state population. Closely related, but far less studied, is the aging of the workforce as the population ages and many older people delay retirement either because they enjoy working or depend upon earned income to meet their needs. From a recent low of less than 6 percent of the working population, the share of employed Americans who are older than age 60 has climbed to over 10 percent of all workers and is projected to exceed 13 percent of the employed population by the middle of the next decade.