Chart 6. Labor force participation rates of people ages 55 to 64, 1993–2023 and 2023–33 projected (in percent)
Year Participation rate

1993

56.4

1994

56.8

1995

57.2

1996

57.9

1997

58.9

1998

59.3

1999

59.3

2000

59.2

2001

60.4

2002

61.9

2003

62.4

2004

62.3

2005

62.9

2006

63.7

2007

63.8

2008

64.5

2009

64.9

2010

64.9

2011

64.3

2012

64.5

2013

64.4

2014

64.1

2015

63.9

2016

64.1

2017

64.5

2018

65.0

2019

65.3

2020

64.7

2021

64.6

2022

65.2

2023

65.8

2024 projected

66.1

2025 projected

66.4

2026 projected

66.9

2027 projected

67.3

2028 projected

67.6

2029 projected

68.0

2030 projected

68.2

2031 projected

68.4

2032 projected

68.7

2033 projected

69.1

Source: U.S. Bureau of Labor Statistics.