6 Reasons Many Seniors Are Still Working

A huge shift is taking place in the workforce: seniors are increasingly staying employed or seeking jobs.

There are a variety of reasons. The ups and downs of the economy contribute to working after retirement, but people are also living longer and choose to work, even into their 80s or older.

AARP reported that seniors are becoming the hottest demographic in the labor market. The participation rate by workers ages 65 to 74 will jump to 32 percent by 2022, compared to 20 percent in 2002, according to the Bureau of Labor Statistics.

These are six of the reasons many seniors are still working:

Education and skills to offer — A higher educated and experienced older generation contributes to businesses whether seniors need work or want to continue working after traditional retirement. Gary Burtless, an economist with the Brookings Institution, noted that a 2009 survey showed 61 percent of people

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