Chart 7. Labor force participation rates of people ages 65 to 74, 1993–2023 and 2023–33 projected (in percent)
Year Participation rate

1993

15.9

1994

17.2

1995

17.5

1996

17.5

1997

17.8

1998

17.7

1999

18.3

2000

19.2

2001

19.7

2002

20.4

2003

21.4

2004

21.9

2005

22.9

2006

23.6

2007

24.2

2008

25.1

2009

25.6

2010

25.7

2011

26.4

2012

26.8

2013

26.7

2014

26.2

2015

26.5

2016

26.8

2017

26.9

2018

27.0

2019

27.8

2020

26.6

2021

25.8

2022

26.6

2023

26.9

2024 projected

27.3

2025 projected

27.7

2026 projected

28.1

2027 projected

28.4

2028 projected

28.8

2029 projected

29.1

2030 projected

29.5

2031 projected

29.8

2032 projected

30.1

2033 projected

30.4

Source: U.S. Bureau of Labor Statistics.