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By the next decade, 25% of US workforce may be 55 or older

July 23, 2023
Diversity & Inclusion

Financial security may be front of mind for workers who want to keep working past retirement age. But importantly for employees facing current and future talent gaps, money isn’t the only reason they want to stay employed.

Six in 10 of retirement-age workers in the U.S. say they’ve kept working because they are still healthy and able, according to a survey of more than 1,000 “employment extenders” (those working past traditional retirement age) released in February by the nonprofit Easterseals and Voya Financial program Voya Cares. More than half (56%) said they keep working because it gives them a sense of purpose; 58% are doing so to keep their minds active.

Unfortunately, because of age discrimination, even from retirement-age decision-makers, baby boomers in the U.S. remain an untapped generational talent pool, consultant Dethra Giles pointed out during an April talent conference hosted by the Society for Human Resources Management. READ MORE

By Laurel Kalser

Source: hrdive.com

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