Facts in Focus
-
Almost 60 percent of the U.S. aerospace workforce was age 45 or older in 2007. A significant number of workers in the age 45 or older category are already eligible to retire.
-
A 2007 Aviation Week survey concluded that 13 percent of the aerospace workforce was eligible for retirement, representing more than 82,000 people.
-
A number of AIA member companies reported in 2007 that within 10 years half of their workforce will be eligible for retirement.
-
Retirements from the STEM labor force are likely to become more significant over the next decade. Twenty-six percent of all STEM degree holders in the labor force are age 50 or older. Among STEM doctorate holders in the labor force, 40 percent are age 50 or older.
