Older women are working more than ever for longer than ever, recession be damned–or be at fault, depending on who you ask.
Over the past 20 years, NBC News reports that the number of Baby Boomer women entering and staying in the workforce has grown by at least 15 percent, and by 2022, women aged 55 and up will comprise about 82 percent of the total 55-and-up workforce.
Sources say that some of that extensive work is due to the gender pay gap creating financial need for women that men don’t necessarily face, as well as women generally saving less for retirement than men. But it turns out, most respondents in a recent study said that they’d work well into their retirement years for “the social connections, mental stimulation and the chance to stay mentally and physically active,” while only one-third of respondents cited financial need for their reason to keep working past retirement age.
Remember what we said about Baby Boomers taking jobs from millennials? Turns out you may be competing more with mom than with dad.