According to EBRI, there is a need for younger workers to strengthen the declining labor force.

by Web Administrator Sep 11, 2024 06:40

The U.S. labor force has seen a notable decline in "prime working age" workers (ages 25-64) since the mid-1990s, with older workers now comprising a larger share of the workforce. Labor force participation for those 65 and older has not returned to pre-pandemic levels, while participation among those under 25 is at historic lows. Factors contributing to this shift include demographic changes and caregiving or health issues preventing younger adults from working. Companies must consider these trends in workforce planning as the population ages. More information can be found in the report by the Employee Benefit Research Institute [here](https://www.ebri.org/media/press-releases/content/new-research-of-u.s.-labor-force-participation-and-employment-finds-shrinking-prime-age-worker-population-being-filled-by-older-workers).

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