Figure 8. Labor force participation rate, ages 65 and older, 1969–2019 and 2019–29 projected
Year Rate

1969

17.3

1970

17.0

1971

16.2

1972

15.6

1973

14.6

1974

14.0

1975

13.7

1976

13.1

1977

13.0

1978

13.3

1979

13.1

1980

12.5

1981

12.2

1982

11.9

1983

11.7

1984

11.1

1985

10.8

1986

10.9

1987

11.1

1988

11.5

1989

11.8

1990

11.8

1991

11.5

1992

11.5

1993

11.2

1994

12.4

1995

12.1

1996

12.1

1997

12.2

1998

11.9

1999

12.3

2000

12.9

2001

13.0

2002

13.2

2003

14.0

2004

14.4

2005

15.1

2006

15.4

2007

16.0

2008

16.8

2009

17.2

2010

17.4

2011

17.9

2012

18.5

2013

18.7

2014

18.6

2015

18.9

2016

19.3

2017

19.3

2018

19.6

2019

20.2

2020 projected

20.6

2021 projected

21.0

2022 projected

21.3

2023 projected

21.6

2024 projected

21.9

2025 projected

22.2

2026 projected

22.6

2027 projected

22.8

2028 projected

23.1

2029 projected

23.4

Source: U.S. Bureau of Labor Statistics.