Home Economy Bridgeport ranks second nationally for percentage of seniors in workforce

Bridgeport ranks second nationally for percentage of seniors in workforce

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A new study of the presence of seniors in the workforce has found Bridgeport to be among the nation’s top cities with the largest proportion of employees ages 65 and older.

bridgeportAccording to a study published by ValuePenguin.com, a personal finance website operated by LendingTree, Bridgeport ranked second among the nation’s 100 largest cities for its senior workforce share, with 24.30% of residents ages 65 and older still going to work. Only Washington, D.C., had a larger share at 24.90%. Other cities with high percentage of working seniors were Boston (22.70%), Omaha (22.30%) and Austin (21.10%).

The study also found that the average household income for Bridgeport’s 65-plus residents was $57,488 and their average housing costs were $22,668. Only 14.50% of this population had a bachelor’s degree or higher.

On a national level, the study also determined that labor force participation rate for the 65-74 age group alone has increased from 18% to 27%, in the past 20 years, and it nearly doubled for those ages 75 and higher. Within this age group, men were more likely to be working than women: In 2018, nearly 32% of men between the ages of 65 and 74 were in the labor force, compared with 23% of women of the same age.

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Phil Hall's writing for Westfair Communications has earned multiple awards from the Connecticut Press Club and the Connecticut Society of Professional Journalists. He is a former United Nations-based reporter for Fairchild Broadcast News and the author of 10 books (including the 2020 release "Moby Dick: The Radio Play" and the upcoming "Jesus Christ Movie Star," both published by BearManor Media). He is also the host of the SoundCloud podcast "The Online Movie Show," co-host of the WAPJ-FM talk show "Nutmeg Chatter" and a writer with credits in The New York Times, New York Daily News, Hartford Courant, Wired, The Hill's Congress Blog, Profit Confidential, The MReport and StockNews.com. Outside of journalism, he is also a horror movie actor - usually playing the creepy villain who gets badly killed at the end of each film.

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