A new Brookings Institution report zeroes in on a national trend: suburbs across the country are growing older even as areas closer to the centers of metropolitan regions stay the same age or gain younger residents, which is a reversal of the post-World War II trend that gave suburbs the image of being the places where younger people and growing families flocked and stay put.
The people who are staying put in suburbs these days, and into the foreseeable future, are baby boomers, who predominantly grew up there originally and either stay put or are returning to where they grew up. California is not as starkly indicative of this trend as the Sun Belt and other parts of the country, but the trend is still there.
A new California Budget Project report says that over the past decade, the number of people between the ages of 55 and 64 who are still employed has increased by 7.5%. The number of people between 65 and 69 who were still working increased 4.4% between 2000 and 2006.
According to the report, these increases mark a sharp change from the prior two decades, during which the number of people in those age groups still employed remained constant.
Improved health — and thus the ability to stay in the workforce for longer periods — is one factor behind the increase. But most workers surveyed indicated that staying in the workforce wasn’t their choice — 72% said that “the need for income to live on” was a primary factor for remaining at work.
Ominously, the report also notes that if Social Security monies are taken out of the equation, almost 40% of Californians over the age of 65 would be below the federal poverty line — another factor no doubt at play in this mix.
More Californians Are Working Later in Life [California Budget Project]