Didn’t we hear a few months ago that all job creation in the “recovery” had gone to immigrants? Now it turns out it was older people? Did they go to immigrants 55 and older?
The simple truth is that someone over 50 is much more likely to be tied to a mortgage and raising children, so they are a lot more motivated than younger people with neither (and who apparently don’t intend to have them going forward).
Older workers are staying in the workforce to pay odd the kids’ student loans.