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Gone Fishin'
Although American seniors are healthier and living longer than ever, a growing number are opting for early retirement, according to a new report based on data from the National Institute on Aging.

The report, published in the current issue of Metropolitan Life Insurance Co.'s Statistical Bulletin, notes that by age 62, only 44 percent of men and 24 percent of women are working full time.

The report, which attributes the trend to the widespread availability to of early retirement benefits, says that while the changes could be applauded as a reflection of the nations economic strength, they are likely to increase pressure on already strained entitlement programs as people spend greater portions of their lives in retirement.

-Gregory Mott

Labor force participation rate in the U.S.
By age for 1998

SOURCE:
U.S. Bureau of Labor Statistics, unpublished data, 1998,

July 20, 1999


© Copyright 1999 The Washington Post Company

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