Because I are work Not!
I am fully retired, I am actually getting 30% more in SS than I planned. With the help of my military retirement, annuity, rental property, and IRAs I am cruising. Hope boomers have planned the same, but I have not seen that.
My point is with increased employment and increased wages people should be reentering the workforce. I am trying (but asking too much).
So the participation rate should be declining, not increasing.