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Age in The Workforce.pdf

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Age in The Workforce.pdf

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As time goes on, the demographic of people working changes.

There’s a constant cycle of older generations aging and retiring.

For example, Baby Boomers are currently between the ages of 76 and 57. This means that a good number of them have already retired or are looking to retire within the next 10 years.

New generations enter the workforce and start to earn a name for themselves. CNN lists Generation Z as individuals born between 2000 and the present day. This means that the oldest Generation Z individuals are 22 years old. They’re just beginning to graduate from high school and college and enter the workforce.

When it comes to age, this is what the workforce looks like today…

As time goes on, the demographic of people working changes.

There’s a constant cycle of older generations aging and retiring.

For example, Baby Boomers are currently between the ages of 76 and 57. This means that a good number of them have already retired or are looking to retire within the next 10 years.

New generations enter the workforce and start to earn a name for themselves. CNN lists Generation Z as individuals born between 2000 and the present day. This means that the oldest Generation Z individuals are 22 years old. They’re just beginning to graduate from high school and college and enter the workforce.

When it comes to age, this is what the workforce looks like today…

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Age in The Workforce.pdf

  1. 1. 48% of Generation Z represent racial minorities or ethnic minorities in 2018 The number of employees over the age of 75 will increase by 96.5% within the next ten years 25% of Generation Z identified as Hispanic in 2018 Compared to baby boomers, Millennials are 16% more diverse The amount of workers between the ages of 16 to 24 is projected to shrink by 7.5% within the same period 39% of Millennials identified as a minority in 2002 30% of Generation X identified as a minority in 1986 18% of Boomers in 1968 identified as a minority 72% of Baby Boomers are white Only 56% of Millennials are white The changing ages of the workforce 1 2 3 4 5 6 The employment rate of the workforce of 55 years and older decreased to 36% in 2020 https://money.cnn.com/interactive/economy/diversity-millennials-boomers/ https://www.pewresearch.org/social-trends/2018/11/15/early-benchmarks-show-post- millennials-on-track-to-be-most-diverse-best-educated-generation-yet/ https://www.bls.gov/emp/ https://www.statista.com/statistics/217899/us-employment-rate-by-age/ 1 2 2 1 3 4 1 2 3 4

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