Americans Not in Labor Force Exceed 93 Million for First Time

[SolaSaint]

What is sad if the numbers are correct, is if we have 93 million retired and receiving a govt. check and around 50 million on welfare of some kind, that is 143 million out of 330 million. That is probably half of the population working to support themselves and the other half of America. This is considering kids under 16 make up a large chunk of our population.

When the takers out number the makers, we are in serious trouble. A revolution is just an idea away.

 

[Revmitchell]

What is sad if the numbers are correct, is if we have 93 million retired and receiving a govt. check and around 50 million on welfare of some kind, that is 143 million out of 330 million. That is probably half of the population working to support themselves and the other half of America. This is considering kids under 16 make up a large chunk of our population.

When the takers out number the makers, we are in serious trouble. A revolution is just an idea away.

The retired are only a portion of that 93 mill number. The lager part are those who have stopped looking for work because they could not find a job after several years of looking.

 

[InTheLight]

The retired are only a portion of that 93 mill number. The lager part are those who have stopped looking for work because they could not find a job after several years of looking.

So tell us - - how many of the 93M are retired and how many are people no longer looking for work?

 

[777]

Who really knows? I don't care much for the labor force participation rate metric, it leaves too many things unexplained, but by this article, retirees account for almost half of the decline:

http://www.usnews.com/news/articles...-big-part-of-labor-participation-rate-decline

this graph says it all: