Since the start of the recession, more people nearing or just past retirement age have opted to stay in the workforce. Polina Vlasenko, a researcher at the American Institute for Economic Research, analyzed years of national data and found that the labor force participation rate of people ages 54 to 69 is now at the highest levels on record.
“It is likely that people close to or past retirement age feel the need to work because their retirement savings have suffered in the recent financial crisis,’’ she concluded in her May study.
