Two years after the pandemic hobbled the U.S. economy, pushing up unemployment, Americans are returning to work, including many adults 65 and older, according to new research from MagnifyMoney.
In late April and early May this year, 21.9% of Americans 65 and older were working, up from 19.5% during the same period in 2020. At the same time, the share of U.S. adults who reported that they were retired rose to 17.4% in April and May 2022 from 14.9% two years earlier.
MagnifyMoney found that 25.6% of working older Americans are self-employed, more than triple the rate among working Americans 25 to 39.
The number of working older Americans varies dramatically across the country. In North Dakota, for example, the rate dropped by 11 percentage points over the two-year period, and in Wisconsin by 8.3 points. In contrast, several states saw double-digit increases in employed Americans 65 and older during that period.
Nearly 27% more people ages 18 to 49 in Illinois have died in each of the past two years than in each of the three years prior. COVID-related deaths in that age group account for just a minority of the excess deaths.
Data the Illinois Department of Public Health provided The Center Square show 29% more fatalities in 2021 and 24% more in 2020 when compared to the average for the three years prior for those ages 18 to 49. Combined for 2020 and 2021, the total number of deaths among that demographic is 21,511.
COVID-related deaths in the past two years totals about 1,700 for that age group. Subtracting the 1,700 COVID deaths from the excess death total of 4,467 leaves 2,767 excess deaths for 2020 and 2021 that are not categorized by IDPH, meaning the causes of death for the excess 2,767 are not described.
While COVID-19 is listed as the third leading cause of death in Illinois for all ages in 2020, the leading cause of deaths IDPH lists for those 18 to 44 is accidents, assaults, suicides and heart disease. COVID-19 is not listed as a leading cause of death at all for ages 18 to 24. COVID-19 does show up at No. 6 for those 25 to 44, or 370 out of a total of 6,439.
Deaths among people aged 18 to 49 increased more than 40 percent in the 12 months ending October 2021 compared to the same period in 2018–2019, before the COVID-19 pandemic, according to an analysis of death certificate data from the Centers for Disease Control and Prevention (CDC) by The Epoch Times.
The agency doesn’t yet have full 2021 numbers, as death certificate data trickles in with a lag of one to eight weeks or more.
It’s not clear why the mortality spike seemed to exhibit a geographical trend. Overall, a part of the surge could be likely blamed on drug overdoses, which increased to more than 101,000 in the 12 months ending June 2021 from about 72,000 in 2019, the CDC estimated. About two-thirds of those deaths involved synthetic opioids including fentanyl that are often smuggled to the United States from China through Mexico.
For those ages 50 to 84, mortality went up more than 27 percent, representing more than 470,000 excess deaths. Almost four out of five of the deaths had COVID marked on the death certificate as the cause or a contributing factor.
Whatever the omicron variant of COVID-19 does to U.S. life insurance insurance claims, the delta variant and its siblings have been continuing to drive up the number of deaths of working-age Americans.
Some life and health insurers reported that an enormous surge of COVID-19 deaths appeared in September and then seemed to end quickly.