S.C. labor force aging: Baby boomers and quasi-retired boost older worker populationBy Adam Parker (Contact)
The Post and Courier
Sunday, August 31, 2008
South Carolina is a state that's aging fast. The population 65 and older, constituting an eighth of the state on this Labor Day, will increase to 1 in 5 people by 2030, according to Census projections published last week in a report reflecting 2004 demographics and workforce trends. Older workers, defined as those at least 55, comprise nearly 15 percent of the state's workforce, the report states. In two counties — McCormick and Saluda — more than 20 percent of the workforce population is older workers. In the Charleston metropolitan area, 13.4 percent of workers are 55 and above; 20.3 percent are 45 to 54, according to the report. "Changes in the size and composition of age groups may affect government program and policy choices and the options available to businesses," the report states. Experts point to aging baby boomers, lifestyle choices and cyclical economic factors as reasons for the swell of older workers. Read more in Monday's Post and Courier. |
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