older workers

Job Security? Older Workers More Worried Now

Posted on 12/12/2012 by Carole Fleck | Money and Work | Comments

Bulletin Today | WorkAs the economic recovery gains some momentum, job security among younger workers is much less a concern than it was a year ago. Not so with older workers. They’re more worried about losing their jobs, a new survey finds. Of 1,656 employees polled, 36 percent of those 50-plus say they’re concerned that they could lose their job in the next 12 months. That’s up from 34 percent who said the same in July 2011 and 32 percent who expressed those …

Jobless Rate Holds Steady For Older Workers

Posted on 12/7/2012 by Carole Fleck | Money and Work | Comments

Work Companies hired more workers than expected in November despite superstorm Sandy’s wrath in parts of the East, though unemployment levels for older workers held steady at 5.8 percent, the government reported Friday. Men 55 and older saw the jobless rate edge up one-tenth of 1 percent to 6.2 percent last month. Still, it was an improvement from one year ago, when the rate was 6.4 percent. For older women, the unemployment rate in November declined to 5 percent from …

Reasons for Optimism Among Older Workers

Posted on 12/3/2012 by Carole Fleck | Money and Work | Comments

Bulletin Today | WorkFor those of us who suspect we’ll have to work years longer than our parents did because we’ll need the income, there is good news. Employers seem to be steadily recognizing the value of older workers as people 65 and older continue to make impressive strides in the workforce. Whether it’s out of economic necessity, the desire to remain productive or for some other reason, people 65-plus now account for almost one in five of all workers, according to the latest …

Jobless Benefits Could Expire by Year’s End

Posted on 11/26/2012 by Carole Fleck | Money and Work | Comments

Bulletin Today | Money & Savings | WorkIt could be a frightening start to the new year for some 2 million unemployed workers who stand to lose their jobless benefits by the end of December. Unless Congress extends emergency unemployment benefits set to expire, workers who’ve been out of work six months or more — and rely on the federal emergency program because they’ve exhausted their state’s jobless benefit — could see their unemployment checks cut off. This is particularly disturbing news for older workers. Of the …

Older Workers’ 401(k) Balances Hitting Record Levels

Posted on 11/9/2012 by Carole Fleck | Money and Work | Comments

Bulletin Today | Money & Savings | WorkIf you’ve contributed steadily to your 401(k) and didn’t get scared off by the down economy and the wild swings of the stock market, chances are you’re being rewarded now. The average 401(k) balance reached $75,900 at the end of the third quarter, an 18 percent increase over a year ago, a new study by Fidelity Investments has found. That was its highest level since the company began tracking this data 12 years ago. The news was even better for older workers: average balances were higher. …

ISO Great Employers; Deadline Nears for Awards Program

Posted on 11/6/2012 by Deb Silverberg | AARP Blog Author | Comments

WorkA new co-sponsor for the Best Employers for Workers Over 50 Award has some pull in executive suites when it comes to charting employment policies, and AARP is hoping for a record number of applications for the awards program (due November 12). AARP is pleased that the Society for Human Resource Management (SHRM), the world’s largest association devoted to human resource management, is a contest co-sponsor. “SHRM and its members have a unique perspective on employer policies around the country, a perspective that will …