More Of Us Working After 65, Says Census Bureau

The Census Bureau reports that more of us are working after age 65.

Nationally, nearly one in four people between the ages of 65 and 74 (23.2 percent) were in the labor force (either working or looking for work) in 2006, an increase from 19.6 percent in 2000. States with some of the lowest rates of older workers in the labor force include West Virginia (15.7 percent), Michigan (18.8 percent) and Arizona (19.4 percent). (Michigan and Arizona were not statistically different.)

Some of the highest rates were found in South Dakota, Nebraska and Washington, D.C., all with about one-third of people in this age group in the labor force. Among the 20 largest metro areas, Washington, D.C., had the highest percentage of people in the labor force in this age group (31.8 percent). Others with high percentages include Boston (28.1 percent), Dallas-Fort Worth (27.9 percent), Minneapolis-St. Paul (27.4 percent) and Houston (26.5 percent), none of which were statistically different from the other.

In addition, the Bureau reports that:

Homeownership on the rise

*Homeownership has also increased since 2000, with more than two-thirds of all occupied homes (67.3 percent) currently owned by the occupant, compared to 66.2 percent in 2000. In 2006, the highest rates of homeownership were found in Minnesota (76.3), and some of the lowest were found in New York (55.6 percent) and Washington, D.C. (45.8 percent). Among the 20 largest metro areas, Minneapolis-St. Paul shared the top spot with Detroit (75.2 and 74.6 percent, respectively), with St. Louis ranking third (73.1 percent). (See Subject Table S2502.)

More of us speak a second language

*In 2006, about 8 million more people spoke a foreign language at home than in 2000. Nationally, one in five (19.7 percent) over age 5 spoke a language other than English at home, compared to 17.9 percent in 2000. Among states, California (42.5 percent) had the highest percentage in this category, followed by New Mexico (36.5 percent) and Texas (33.8 percent). About one in 10 California households were linguistically isolated, which means everyone 14 or older in those households had at least some difficulty speaking English.

Among the 20 largest metro areas, more than half of all people over 5 in Los Angeles (53.4 percent) spoke a language other than English at home. Miami ranked second in this category (48.6 percent), followed by San Francisco-Oakland and Riverside, Calif., where about four in 10 spoke a language other than English at home (not statistically different at 39.5 percent and 39 percent, respectively). (See Ranking Tables R1601 and R1603, and Subject Tables S1601 and S1602.)

We have fewer couples with children

*The percentage of households that were married-couple families with children under 18 decreased from 23.5 percent in 2000 to 21.6 percent in 2006.

All states, except Connecticut, saw a percentage point decrease in households in this category since 2000. In 2006, Utah had the greatest percentage of married-couple households with children under 18, at 32.3 percent. Other states with high rates included Idaho (25.5 percent), California (24.8 percent), Texas (24.7 percent), New Jersey (24.6 percent) and Alaska (24.3 percent), none of which were statistically different from each other. Florida (18.2 percent) and Washington, D.C. (7.3 percent) had some of the lowest.

Among the 20 largest metro areas, Riverside, Calif., had the highest percentage in this category (29.6 percent), followed by Dallas-Fort Worth (26.6 percent) and Houston (26.1 percent), which were not statistically different from each other. (See Ranking Table R1102 and Subject Table S1101 and Geographic Comparison Table GCT1102.)

Additional highlights

* The District of Columbia had a higher percentage of people with a bachelor’s degree or more (46 percent) than any state.

* California and Hawaii were the two states with the highest median value of owner-occupied homes (more than $500,000). California cities Newport Beach and Santa Barbara had median home values of about $1 million.

* More than half of California homeowners with a mortgage spent 30 percent or more of their household incomes on mortgage payments and other owner costs. Less than a quarter of North Dakota homeowners spent 30 percent or more of their household incomes on mortgage payments other owner costs.

This entry was posted on Monday, September 17th, 2007 at 3:45 pm and is filed under Reverse Mortgage . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.