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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 ...
As employers report worker shortages, state officials are beginning to look for ways to support older workers willing to fill the gaps, says Mandeville, the 75-year-old Council on Aging director.
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 ...
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.
However, 16% have their sights on launching a new business and 12% want to move from full-time to part-time employment. Their motivations vary as well — 40% named earning more as their primary one.
Older workers are sometimes perceived as "doddering but dear,” Christina Matz, associate professor at the Boston College School of Social Work, and director of the Center on Aging and Work told BBC.
Some older workers—say, those in their late 50s or early 60s—can scale back to four days a week, or even to 1099 status, which is reflected in their pay. And employees working at least 30 ...
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 ...