Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Back to Financial News

A Closer Look At America's Aging Workforce

Thursday, October 11, 2012 - 9:10 AM
From US News & World Report via Yahoo Finance:
More older Americans want to work than ever before. There is no question that economic stresses have delayed retirement and driven older people to keep working. But there are other forces at work, and they're part of a sustained change that's been going on for more than 20 years.

 

Read more
3
pearlbrownpearlbrown1,356 posts since
Nov 2, 2010
Rep Points: 5,955
1. Thursday, October 11, 2012 - 1:57 PM
"The evidence suggests that greater employment of older persons leads to better outcomes for the young--reduced unemployment, increased employment, and a higher wage," the Center concluded in its study. "The patterns are consistent for both men and women and for groups with different levels of education."

I have no idea how that would happen, it is counter-intuitive.  We have 70-year-old folks still working with no ending, causing younger-generation workers to leave the company due to lack of work; which is occupied by those older folks.


 
1
51hh51hh1,462 posts since
Jan 16, 2010
Rep Points: 6,352
Reply