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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 ...
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 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 ...
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.
In 2018, AARP Foundation lawyers represented two employees of the Ohio State University who were forced out of their jobs because of their age. This action resulted in a settlement which helped the employees regain their positions, receive back pay, and required the university to hold training sessions with its staff on preventing age bias. [74]
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 ...
Many states offer programs for older workers looking to re-enter the workforce through part-time roles — such as New York’s Older Adult Employment Program, which provides training and job ...
Unsurprisingly, this ageism is impacting the way workers show up to their jobs. Discrimination bulldozes employee well-being: of workers aged 40 or older who have faced ageism, 45% say the bias ...