Wednesday, May 15, 2013

Human Males Never Retired, They Just Died

The entire concept of retirement is unique to the late 20th century. Before World War II, most Americans worked until they died.”  Morgan Housel, Motley Fool.

This graph show labor participation rate of men age 65+ since 1880.

Source: Economic History Association, Bureau of Labor Statistics. Click on the image for larger picture.

Source: The Motley Fool

Geir Solem

Elliott Wave Technician
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