Older Americans Are Now Earning Almost as Much as Younger Workers

Americans working beyond retirement age has almost doubled since the late 1980s and the wage gap between them and their younger colleagues is shrinking, according to a Pew Research Center reportOpen in a new tab. 

Not only are older workers increasing in number, but their earning power has grown in recent decades, according to the Pew report. In 2022, the typical worker age 65 or older earned $22 per hour, up from $13 in 1987. Earnings for younger workers haven’t grown as much. As a result, the wage gap between older workers and those ages 25 to 64 has narrowed significantly.  READ MORE