Declining social security benefits keep older men in workforce

Tuesday, May 4, 2010 - 23:22 in Psychology & Sociology

The decline in the generosity of Social Security benefits for workers who recently reached their 60s has been the leading cause of the trend toward delayed retirement of older men, a new national study suggests. Between the periods of 1988-1992 and 2001-2005, there was a 4.7 percentage point increase in the number of men aged 55 to 69 in the workforce.

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