Long term care may have to wait longer for older residents.The long term care industry might not feel the effects of the aging Baby Boomer baby boomer also ba·by-boom·er n. A member of a baby-boom generation. Noun 1. baby boomer - a member of the baby boom generation in the 1950s; "they expanded the schools for a generation of baby boomers" boomer crowd as soon as expected. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. new data from the U.S. Bureau of Labor Statistics Bureau of Labor Statistics (BLS) A research agency of the U.S. Department of Labor; it compiles statistics on hours of work, average hourly earnings, employment and unemployment, consumer prices and many other variables. , older workers are staying on the job regardless of age. Of 4.87 million Americans older than 65 who are willing and able to work, 95.7 percent are working today, according to BLS See Bureau of Labor Statistics. . Of those seniors, 55 percent are working full time, or more than 35 hours per week. The ratio doesn't change much as seniors age: 96.6 percent of 2.6 million persons age 65 to 69 are employed, as are 95.6 percent of the 1.2 million persons age 70 to 75, according to BLS. Even the oldest employed--those age 80-plus continue to work, with 96.9 percent of 319,000 persons still holding at least part time jobs. Older Americans' continuing work ethic work ethic n. A set of values based on the moral virtues of hard work and diligence. work ethic Noun a belief in the moral value of work stems from their ever-active lifestyles and financial needs, said Roger Herman, a strategic business futurist with The Herman Group in Greensboro, N.C. As a result, people will slow down only if they physically can no longer work. "People will not retire in the same way anymore," Herman said. "Some will not end full-time employment for years to come." |
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