Here are some interesting facts related to employment by people age 55 and over in the U.S., gender, average income received, and the hours of work it takes to earn it. Worth considering, when compared with the option of generating income and profits for life as a business owner, coupled with the freedom to run a business from home or wherever you happen to be in the world!
* Average household income is $60,010
* 23.4% of the total population is over the age of 55.
* 97% (96.5) of males and females are still working jobs at age 55 and beyond. 78% (77.6) are full-time employees.
* Only 22.4% work fewer than 35 hours per week.
* 95.6% are considered ‘non-movers’. This means that they are not likely to make a job or career change by choice.
* Only 4.4% travel about the country (non-work related); Only 0.1% travel abroad (again, non-work related).
* 47.7% of females are either widowed, divorced, separated, or never married. (Independence and self-reliance are strong themes!)
* One-third of adults 55 and over (33.9%) have only a high school diploma. (Thia’s note: Many famous entrepreneurs and influential leaders never finished school!)
* Only 4.7% of females earn over $100,000/annually.
* Life expectancy is about 20 years for ages 55 and over.**
*Source: U.S. Census Bureau, Current Population Survey, Annual Social and Economic Supplement, 2008.
**Source: U.S. National Center for Health Statistics
Over 55+ Income & Gender: U.S. Census Data
Here are some interesting facts related to employment by people age 55 and over in the U.S., gender, average income received, and the hours of work it takes to earn it. Worth considering, when compared with the option of generating income and profits for life as a business owner, coupled with the freedom to run a business from home or wherever you happen to be in the world!
* Average household income is $60,010
* 23.4% of the total population is over the age of 55.
* 97% (96.5) of males and females are still working jobs at age 55 and beyond. 78% (77.6) are full-time employees.
* Only 22.4% work fewer than 35 hours per week.
* 95.6% are considered ‘non-movers’. This means that they are not likely to make a job or career change by choice.
* Only 4.4% travel about the country (non-work related); Only 0.1% travel abroad (again, non-work related).
* 47.7% of females are either widowed, divorced, separated, or never married. (Independence and self-reliance are strong themes!)
* One-third of adults 55 and over (33.9%) have only a high school diploma. (Thia’s note: Many famous entrepreneurs and influential leaders never finished school!)
* Only 4.7% of females earn over $100,000/annually.
* Life expectancy is about 20 years for ages 55 and over.**
*Source: U.S. Census Bureau, Current Population Survey, Annual Social and Economic Supplement, 2008.
**Source: U.S. National Center for Health Statistics