Trends Favor Hiring Older Workers

Workers 50 and older face a hurdle that younger peers don’t: how to overcome negative stereotypes that paint them as much more expensive, out of touch with technology and less productive. An AARP report released Monday dispels these myths. The report, “A Business Case for Workers Age 50+: A Look at the Value of Experience 2015,” was conducted by Aon Hewitt and based primarily on data from large employers. A similar report, which confirmed the value of older employees, was done …

Mortgages Snare Bigger Share of Boomers’ Earnings

Remember how our parents paid off their homes and then retired? Fewer of us are doing that today. What’s more, our house payments are taking a bigger chunk of our earnings than they did a decade ago, according to an AARP report. Older, middle-income families spent 30 percent or more of their income on housing, up from 20 percent in 2000, the report finds. The median monthly cost: $1,460, up from $1,277 in 2000. Sure, the recession set many families …