America’s aging crisis: Why senior workers are staying in the workforce

By conventional reckoning, someone at 65 years old or even 55 is “retirement age.” But labels are being lifted as older people stay active – and as employers see value in hiring them.

America’s aging crisis: Why senior workers are staying in the workforce

By Laurent Belsie (Christian Science Monitor)

A funny thing is happening on the way to America’s aging crisis, which is expected to strain government resources and could well drag down economic growth. Increasingly, senior employees are staying in the workforce, either holding onto their jobs long beyond traditional retirement or returning to work after retirement. And companies, which once tried to push seniors out the door, are waking up to the potential value that they offer.

“There seems to be more understanding about the characteristics, the value that older people bring to workplaces,” says Paul Irving, chairman of the Milken Institute Center for the Future of Aging.

More than 800 employers have signed AARP’s pledge to promote equal opportunity for all workers, regardless of age. In 2018, the number of firms making the pledge grew 72%; this year, the Washington-based senior advocacy group expects another hefty increase.

“Age is now a new flavor of diversity,” says Tim Driver, CEO of Age Friendly Ventures, which operates RetirementJobs.com and other job websites for senior workers.

Read More: Where is workforce really booming? Among the oldest workers.

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