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The graying of the U.S. workforce is gaining momentum. A Pew Research survey found nearly a fifth of Americans age 65 and older were employed in 2023, nearly double the three decades prior ...
Obviously, a lack of financial stability is one reason many retirees are having a hard time, with the National Council on Aging reporting that around 80% of older adults either have money troubles ...
Population aging can potentially change American society as a whole. Many companies use a system, in which older, tenured workers get raises and benefits over time, eventually hitting retirement. [165] With larger numbers of older workers in the workforce, this model might be unsustainable.
The LLWI aims to identify organizational factors for the successful employment of older workers and make them measurable. [6] Research regarding the index can help to understand the relative importance of individual organizational practices for the success and sustainability of the employment of older workers. Organizations are able to easily ...
Roughly 1 in 5 Americans over 65 were employed in 2023, four times the number in the mid-80s. Employers are gradually recognizing the value of older workers and taking steps to retain them.
In a world increasingly relying on digital technologies, older adults face higher risks of social exclusion and prejudices (see digital ageism). Generational segregation naturalizes youth as digitally adept and the old as digitally inept. Older adults' experiences are often excluded from research agendas on digital media. [48] [49]
The older workers would spend more time on work and human capital of an ageing workforce is low, reducing labor productivity. [27] The expectation of continuing population ageing prompts questions about welfare states' capacity to meet the needs of the population.
The older adult population in the United States is rapidly increasing as baby boomers continue to age. In 2020, the population of people over 65 grew almost five times faster than the total ...