Long-Term Trends In Employment By Age Group - Thursday, April 8

While the LFPR growth for the elderly is the most striking feature in the chart above, we also see a noticeable decline in the youngest cohort. A significant driver of this trend has been the decision to stay in (or go back to) school for more education. Supporting evidence is found in the eye-popping growth of student loan debt, especially since the onset of the Great Recession. To be sure, some of that trend is accounted for by older cohorts heading back to school in hopes of improving their employment prospects.

Federal Loans to Students

Note: The Q3 2020 data point in the chart above is the most recent.

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