Posted August 18, 2018 06:15:56 Senior citizens who rely on part-time work to help pay for their health care and other basic needs often face a choice between part-timers and full-time workers, according to a study released this week by the National Center for Retirement Research.
The study examined the impact of different employment and income levels on the median household income of the elderly in the D.C. metropolitan area.
The median household is defined as the household with the median income, adjusted for inflation, as of August 2018.
Full-time employees, on the other hand, include those who work for employers who employ at least 50 full- and part- time workers.
The analysis found that part-timer workers are more likely to be part- and fulltime workers than full-timing workers.
Full time workers make up a smaller share of the U.S. workforce than part-timmers.
But full-tamers are more than twice as likely to live in the metropolitan area as part-times.
The research was published in the August issue of the American Journal of Health Economics.
The National Center is a research arm of the National Academy of Sciences.
Learn more about the study.
Part-timer workers are also more likely than full time workers to live on the streets, in overcrowded shelters or in temporary housing, the report said.
“In short, full-timer households are likely to find that the economic pressures they face as a result of their job choices are greater than the pressures faced by part-temps,” said Andrew A. Goss, a senior fellow at the Center for American Progress and lead author of the report.
“If part-and-half and part time are the only options available, they are much more likely and should be viewed with greater skepticism.”
The report examined data from the Bureau of Labor Statistics to determine how the different employment levels impacted household income and median household size.
The data includes information on the number of hours worked per week, number of full- time and part times per week for each group.
The researchers found that the median annual household income for full-term workers was $58,600, while part-term and part full-times earned an average of $52,500 and $51,400, respectively.
In contrast, the median for part- times was $44,200 and $42,600.
Fulltime workers make about $53,400 less than part time workers in D.