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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 ...
The Pew report uncovered that older workers are making more money than they did in 1987, with the median worker aged 65 or older earning $22 an hour, up from just $13 in 1987 and narrowing the ...
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.
Data shows that older adults have low overall injury rates compared to all age groups, but are more likely to suffer from fatal and more severe occupational injuries. [91] [152] Of all fatal occupational injuries in 2005, older workers accounted for 26.4%, despite only comprising 16.4% of the workforce at the time. [152]
SCSEP was authorized by the United States Congress in Title V of the Older Americans Act of 1965 [3] and its later amendments [4] to provide subsidized, part-time, community service work based training for low-income persons age 55 or older who have poor employment prospects. The program has evolved significantly in the last 50 years.
In February, the percentage of jobseekers ages 55+ who were long-term unemployed was 36.1% compared with 23.7% among those ages 16 to 54. The average duration of unemployment was 34.4 weeks for ...
[1] [2] Especially in the light of demographic change and shortages of skilled workers, the employment of older workers gains importance. [3] The index summarizes practices and working conditions that are beneficial for an older workforce by fostering their health, motivation, and performance.
By 2040, almost half of Americans will be in their 40s or older. Companies have no choice but to learn how to surf the Silver Tsunami.