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US college graduates more likely than before to be 60 or older, redefining work and retirement
WASHINGTON (AP) ' America's college graduates are more likely than ever to be 60 or older, helping redefine work and retirement.
It's a trend in which educated baby boomers are swelling the senior population at rates faster than young adults earn diplomas. And it comes amid increasing shares of older Americans in the workplace and record drops in employment for young adults.
New census figures show 26 percent of Americans 60 and older have a bachelor's degree, up from 13 percent in 1992.
Overall, a record 30.4 percent of Americans 25 and older held a bachelor's degree.
The government projects 1 in 4 workers by 2020 will be 55 years or older, due to increased life expectancy, rising health care costs and other incentives to keep working. That's up from 1 in 5.