Older workers are staying in the workforce to pay odd the kids’ student loans.
Here in NJ older people can’t retire and keep their homes (the property taxes are too high); those same taxes make the homes difficult to sell, so the older people have to keep working...
It is no accident that young people refuse to buy homes in NJ; they don’t want to cough up $500 per month just for public school teachers alone - especially when they have no children anyway.