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why was it so low in the 1950s?

Women at home I guess.

It would be interesting to see the same graph just for men.

It is not a pretty picture

That’s not the same graph because that includes retirees.

Retirees are not what is driving the trend :

Of course it is.

55+ is at 38%

20+ is at 69%

18% of the pop is 65 and older