Breakdown: Four generations now in labor force

Katy Smith

While older Americans represent the fastest growing cohort in the labor force, Millennials soon will account for more than a third of those working.

You can access the April 2020 Breakdown graphic here

BY 2024:

164 million people in the U.S. workforce 

41 million ages 55 and older

13 million of that group will be 65 and older

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55% Labor force growth rate of 65- to 74-year-olds from 2014-24 (projected)

86% Labor force growth rate of workers 75 and older from 2014-24 (projected)

5% Labor force growth rate for all workers

Baby Boomers: 1946–1964

Generation X: 1965–1980

Millennials: 1981-1996

Generation Z: After 1996

Sources: Catalyst, Bureau of Labor Statistics