National Employ Older Workers Week takes place the final week in September and recognizes the vital role of older workers [U.S. DOL 2019]. By 2020, workers aged 55 and over will likely make up about 25 percent of the U.S. workforce [BLS 2018]. Within the Wholesale and Retail Trade (WRT) Sector alone, in 2017 almost 4.5 million workers (more than 22 percent) are over age 55, up from 3.8 million workers in 2011 [BLS 2018].
The aging of the U.S. population has led to a number of changes in the workforce, particularly a movement of the worker distribution toward older ages2, 4. By 2022, about one-third (31.9%) of Americans aged 65 to 74 years will still be working (Toosi 2013). The impact of a longer working life can be significant in both positive and negative ways.