Tuesday, December 2, 2008

Money & Business

Planning to Retire by Emily Brandon

The 10 Most Common Jobs for Older Workers

June 04, 2008 02:41 PM ET | Emily Brandon | Permanent Link | Print

The stereotype of the senior citizen working at Borders and Home Depot appears to be true. Retail jobs are the most common occupation for workers 65 or older, according to an Urban Institute analysis to be released later this month.

Almost 7 percent of people still working past age 65 are employed as retail sales persons or their supervisors, the Urban Institute calculated. Among the workforce as a whole, only about 5 percent of people work in retail.

"It's still the case that the most common occupation is somewhat mundane like cashiers, janitors, and secretaries," says Richard Johnson, a principal research associate at the Urban Institute and author of the study. "It's still a minority of the jobs that are exciting new careers."

Here are the jobs most common among seniors, according to the study.

Jobs With the Most Employees Ages 65 and Older

  Occupation Total 65-and-Older Workers Share of Workers 65 and Older in the Occupation
1. Retail salesperson 181,559 3.5%
2. Farmers and ranchers 177,383 3.4
3. First-line supervisors/managers of retail salespeople 164,507 3.2
4. Janitors and building cleaners 146,364 2.8
5. Driver/sales workers and truck drivers 139,902 2.7
6. Secretaries and administrative assistants 139,829 2.7
7. Cashiers 110,508 2.1
8. Bookkeeping, accounting, and auditing clerks 108,798 2.1
9. Real estate brokers and sales agents 92,465 1.8
10. Chief executives 89,720 1.7

Source: Urban Institute calculations, 2008

Jobs With the Highest Percentage of Employees Ages 65 and Older

  Occupation Share of Workers in Occupation Who Are 65 and Older
1. Funeral service workers 31.4%
2. Crossing guards 27.7
3. Farmers and ranchers 25.7
4. Models, demonstrators, and product promoters 23.1
5. Funeral directors 16.3
6. Tax preparers 14.3
7. Farm, ranch, and other agricultural managers 13.2
8. Barbers 13.0
9. Tool grinders, filers, and sharpeners 11.6
10. Clergy 11.4

Source: Urban Institute calculations, 2008

Tags: careers | retirement

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Reader Comments

Older Worker Jobs

I'm not 65, but only 52. I worked for a local government agency, and was able to receive most of my pension (a little over $2800/month) after having worked 28 years. Also, I saved over $300,000 in various retirement accounts outside of my pension.

I certainly don't "crave" an exciting new career, but just need some extra spending money to pay for "extras," such as travel expenses, saving for my next car, and to continue annual $6000 contributions to my Roth IRA. Therefore, a low-wage retail sales job, or working as a security guard, would probably suit me fine, since I don’t require anything which needs a great deal of commitment.

Older Workers

As a job search coach for people 55 and older, I've found that many employers have little desire to employ "mature workers" in meaningful positions. Often, my clients are still healthy, quite sharp, and are loving their longevity. However, few anticipated how much it would cost to merely make ends meet.

Regardless of whether you choose to work, or pursue it by necessity, it is increasingly difficult for many people (even for those in their 50s who should be in the prime of their careers) to secure good wages.

When will employers realize that hiring an older worker is good business sense rather than a benevolent gesture? They aren't looking to climb the next rung on the corporate ladder, they have exceptional live experience, and are instilled with strong work ethics.

50 year old Graphic Designer

I continue to struggle with technology changes in my business. I was able to keep up until 2005 when I lost my Agency job to a 21-year old college drop out.

I am still looking for work, and studying online, but I don't know if it's worth it.

After viewing this article, at least I know what to apply for when I give up on my career.

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Reporter Emily Brandon tells you how to get ready financially for retirement and to make your golden years the best they can be. You can E-mail Emily your retirement concerns at retire@usnews.com.

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