Percentage of seniors choosing to work longer continues to rise
POSTED: Thursday, August 15, 2013 - 11:00am
UPDATED: Thursday, August 15, 2013 - 4:14pm
Longview, TX — Jim Martin can’t imagine life without scissors in his hand and a head of hair to cut.
At age 70, Martin sees a long future of cutting hair and is hoping to get into the T-shirt business. The man, who has held two jobs for the past 15 years, knows he would not enjoy the down time others yearn for in retirement.
“I just don’t see going home and sitting,” said Martin, owner of Jim’s Trim barber shop in former Greggton.
As an aging member of the workforce Martin is in good company, particularly in Gregg County where one out of every four residents between the ages of 65 and 74 are currently employed, according to U.S. Census Bureau.
That’s higher than the national average of about 15 percent or the state average of 20 percent.
In Texas the over-65 workforce has grown 5 percent the past decade.
“The fact that the older population is remaining in the workforce is pretty much a long established fact,” said Cheryl Abbot, a Dallas-based regional economist for the U.S. Bureau of Labor Statistics. “We don’t have data in our survey that tells us precisely why, but two of the most often cited reasons have to do the with the better health of workers ... and the recession.”
Read more from the Longview News-Journal.