Retirement can be boring but working keeps you stimulated, say older workers
5 years, 4 months ago

Retirement can be boring but working keeps you stimulated, say older workers

ABC  

After working for two years in his substantial Gold Coast garden, Lawrence Waterman realised he found retirement extremely dull. He is one of a growing number of Australians who are both willing and able to stay in work beyond what we have traditionally thought of as "retirement age" 25 per cent of the staff are over the age of 50 at one garden supplies business on Queensland's Gold Coast. "Older workers actually are more loyal to organisations than younger workers are, they tend to stay with employers for a long time and they don't take very many sick days," Professor Kulik said. Cognitive stimulation is one of the key advantages older people get from staying in the workforce, along with financial stability and social contact, Professor Kulik said. "Instead of thinking about what is the career I'm going to have, think about what's the first career you're going to have and then maybe around age 30, age 35 start thinking about what the next career might be," Professor Kulik said.

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History of this topic

When did 57 become too old to work (…but too young to retire)?
2 months, 4 weeks ago

When did 57 become too old to work (…but too young to retire)?

The Independent  

I applied for a job this week. However, as I hovered over the “send” button, I had the usual thought of anyone over 50 looking for a job: “I won’t get this – I’m too old.” So it was comforting to find out that it’s not just me being paranoid about my age, as a report from recruitment site Totaljobs …

Decision to progressively raise retirement age unveiled
3 months, 3 weeks ago

Decision to progressively raise retirement age unveiled

China Daily  

Older performers dance at an event held by the Beijing Folk Custom Museum to celebrate the Double Ninth Festival in Beijing on Oct 23. CHENG GONG/FOR CHINA DAILY China will progressively raise the statutory retirement age in next 15 years starting from 2025, after conducting thorough research of the nation's current population structure and people's health condition, with the move …

If you’re this age you’re in your ‘career decline’ era apparently – here’s how to turn it into an ascent
4 months, 1 week ago

If you’re this age you’re in your ‘career decline’ era apparently – here’s how to turn it into an ascent

The Independent  

Look up the word “decline” in the thesaurus and you get alternatives such as slump, failure, weakening, enfeeblement and – here’s the important one – “on the skids”. A few days ago it launched a new advertising campaign on LinkedIn, with an incredibly “useful” guide as to what career stage you’re in according to your age. “If you think that’s …

Once wary, student now keen on elderly nursing career
7 months ago

Once wary, student now keen on elderly nursing career

China Daily  

Wu said the final competition set different scenarios to test competitors' skills and medical knowledge. "We were also required to assist seniors with Parkinson's disease in their rehabilitation training, and we had to transfer elderly people from their beds to wheelchairs and have them take their pills under other test scenarios," she said. "Acting as a nurse in the hospital …

Millennial Money: The evolution of retirement — and what it might mean for you
9 months, 4 weeks ago

Millennial Money: The evolution of retirement — and what it might mean for you

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. “While bond yields are much better than they were …

Opinion: ‘Work longer’ is no solution for people who can’t afford to retire
10 months, 2 weeks ago

Opinion: ‘Work longer’ is no solution for people who can’t afford to retire

LA Times  

Working as a cashier is physically demanding and usually not well paid. Paradoxically, even as many older folks need to keep working to make ends meet, most people 62-70 are not able to work for a host of reasons and will retire with inadequate incomes or savings. As the Schwartz Center for Economic Policy Analysis reported in 2019: “Between the …

Lowering the retirement age won’t save US seniors
11 months, 1 week ago

Lowering the retirement age won’t save US seniors

BBC  

Lowering the retirement age won’t save US seniors Getty While presidential hopeful Nikki Haley proposes a rise in Americans’ retirement age, retirement differences around the world point to one thing: the age doesn't matter. The Social Security Administration calculates one’s allotted benefits by taking a multitude of factors into account: total earnings in relation to the national average wage index, …

‘Ageist’ companies are to blame for over-50s leaving the workforce, say MPs
1 year, 8 months ago

‘Ageist’ companies are to blame for over-50s leaving the workforce, say MPs

The Telegraph  

Over-50s are dropping out of the workforce because of “ageist” companies, MPs have claimed. A report from the Labour-led Business, Energy and Industrial Strategy select committee blamed businesses for the recent exodus of older workers, saying unfriendly policies were the cause rather than a wave of early retirement. Lucy Standing, co-founder of Bravestarts, which provides over-50s career support, told the …

Old and Lonely: How Our Aged And The Ailing Deserve A Better Social Response
2 years, 2 months ago

Old and Lonely: How Our Aged And The Ailing Deserve A Better Social Response

The Quint  

American statesman Bernard Baruch once memorably observed, “Old age is always 15 years older than I am!” His sunny optimism does sustain us oldies for some time before we begin to realise that the ageing process inevitably overtakes all sooner or later. We are then promptly relegated to the ranks of the elderly-- a state of ‘vegetation’ of sorts where …

Inflation is driving older Americans back to work
2 years, 5 months ago

Inflation is driving older Americans back to work

LA Times  

Job seekers wait to be called at an employment center in Omaha. “People are staying inside their homes as much as possible because we can’t afford to go out.” The size of the U.S. workforce is nearly back to pre-pandemic levels, but the participation rate — the share of the overall population that’s either actively working or looking for a …

I Got Laid Off At 51. It Took Me 6 Years To Find A New Job — Here's What It Was Like.
2 years, 6 months ago

I Got Laid Off At 51. It Took Me 6 Years To Find A New Job — Here's What It Was Like.

Huff Post  

"I challenged the institutional rot of ageism with every interview," the author writes. I’d repeat mantras like, “It’s no big deal that you’re in your 50s, you’re going to connect with a hiring manager and you will be hired,” and other little pep talks to boost my withering confidence. I showed up with a smile, even as I encountered a …

Older women are eager to work but are branded 'too old to hire and too young to retire
2 years, 7 months ago

Older women are eager to work but are branded 'too old to hire and too young to retire

Daily Mail  

When Heather Dixon saw an At her interview, the manager was impressed by her charisma and enthusiasm and voiced just one concern. ‘He said, “You’d be perfect for this job — but how would you feel that everyone you worked with would be younger than you?” ’ recalls Heather, who had lost her previous job as a museum teacher at …

Op-Ed: Pushed to retire and to keep earning, older Americans face a peculiar vise
3 years, 3 months ago

Op-Ed: Pushed to retire and to keep earning, older Americans face a peculiar vise

LA Times  

The COVID-19 pandemic and ensuing recession have hit older workers especially hard. Research at the New School’s Schwartz Center for Economic Policy Analysis finds at least 1.7 million more older workers retired because of the pandemic recession than would have been expected without the downturn. Though a handful of older workers hold the nation’s most prominent jobs — in the …

Three reasons Americans are retiring earlier and what it may mean for the labour market
3 years, 4 months ago

Three reasons Americans are retiring earlier and what it may mean for the labour market

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. Based on …

Layoffs leave people close to retirement groping in the dark
4 years, 6 months ago

Layoffs leave people close to retirement groping in the dark

Live Mint  

Sanjay Kher, 52, was in the hospital waiting to see his doctor when he texted his boss, requesting a few more days off to recover from surgery for oral cancer. “I have been looking for jobs—part-time, full-time, anything—but I don’t know if I will find one at this age and time,” says the Mumbai resident, who has almost 30 years …

Employment experts say over-45s face discrimination in Australian job market, workforce at risk of losing knowledge, experience
4 years, 8 months ago

Employment experts say over-45s face discrimination in Australian job market, workforce at risk of losing knowledge, experience

ABC  

While statistics suggest workforce participation in the 45–54 age group has been slowly climbing, employment industry experts warn too many mature-aged jobseekers are being shut out. Key points: As of March 180,500 people in the 45–64 age group are unemployed This age group faces ongoing discrimination, with a "longstanding" perception they are less physically capable and have inferior skills and …

There's a yawning gap in the plan to keep older Australians working
5 years, 1 month ago

There's a yawning gap in the plan to keep older Australians working

ABC  

In the past decade a 30-year trend to earlier retirement has been reversed. But what is interesting is that our modelling showed that, if every mature age workers' job satisfaction was raised to its highest level, the effect on retirement would still be small. Tangible measures Greater flexibility over working hours would help older workers stay in the workforce. Improved …

How elders can reinvigorate the workforce
5 years, 1 month ago

How elders can reinvigorate the workforce

BBC  

How elders can reinvigorate the workforce Getty Images Workers over age 65, often seen by an ageist society as a burden, could bring invigorating benefits to the economy The world is ageing. It doesn’t necessarily follow that older workers are less productive than younger workers – Nicole Maestas There are two possible reasons that population ageing can be a real …

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