Older Americans are stepping out of the workforce. They can thank the roaring stock market.
The labor force participation rate among workers 55 and older never recovered after the pandemic shock and has dropped further since then.
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The labor force participation rate among workers 55 and older never recovered after the pandemic shock and has dropped further since then.
The majority of workers 65 and older say they work both because they need the money and because they want to work.
“Without the added contributions of older workers, the labor force would have stagnated, reducing productivity gains and lowering economic growth."
"Own the true value that you have. There are a couple of things you can do to build that muscle as well – education, adding skills and learning new things."
As of March 2022, 3.2% of workers who were retired just one year ago are now employed again, according to Indeed economist Nick Bunker's research.
people at older ages are more engaged in income-producing work, contributing as consumers and paying more taxes. That keeps the economy healthy.
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The big problem in today's hiring system and how job seekers can get around it
“It’s about more than recruiting and retaining older workers. It’s about creating a better society, a society which older people are not only seen, but fully appreciated for their talents…
It’s not that things are happening that weren’t happening before. It is that everything that was beginning to build pre-COVID is now accelerated 100-fold.