older workers

What Matters to Older Workers?

Posted on 06/28/2013 by | AARP Blog Author | Comments

WorkMore baby boomers want to work longer and as demographics change, smart employers are seeing the value of retaining and hiring workers over 50. This Infographic shows what’s important to 50+ workers, and how award winners of AARP Best Employers for Workers Over 50, cosponsored by the Society for Human Resource Management (SHRM), stack up in terms of offerings. Not surprisingly, flexibility topped the list of what matters — and that’s something that’s also valued by all generations. Although Millennials are a way off from caregiving …

Average 401(k) Balances for 55-Plus: $255,000

Posted on 06/17/2013 by | Money and Work | Comments

Bulletin Today | Money & SavingsHell-o 401(k). So nice to see you increasing in value. Here’s hoping for a record second quarter just like the first. Strong employee/employer contributions and a rocking stock market boosted the average 401(k) balance during the first three months of the year. It hit $255,000 for participants age 55 and older who worked at their current employer for 10 years or more, according to a Fidelity Investments quarterly analysis of its 401(k) accounts, which had more than 12 million participants. …

These Best Employers Value Workers Over 50

Posted on 06/17/2013 by | AARP Blog Author | Comments

WorkEver ask someone a simple question about where they work and before you know it, they’ve gushed for five minutes about how much they love what they do? A great employer can make all the difference between starting Monday with pep in your step — or not. We’re betting that employees who work for one of the AARP Best Employers for Workers Over 50 award winners aren’t shy about telling others what makes their workplace so good. This unique awards …

More Older Workers Landed Jobs in May

Posted on 06/7/2013 by | Money and Work | Comments

Bulletin Today | WorkGood news on the jobs front. Businesses created a not-too-shabby 175,000 jobs in May, pushing down the unemployment rate for older workers, though women fared better than men. Among all workers age 55 and older, the jobless rate fell to 5.3 percent last month from 5.5 percent in April, the government reported Friday. Older women drove that trend. Their unemployment rate slid to 4.3 percent in May from 4.8 percent the month before. Among men in that age group, the unemployment …

Workplace Age Bias Hits Home for Boomers

Posted on 05/11/2013 by | AARP Blog Author | Comments

Work[Updated 6/24] Some argue that the Great Recession is in the rear-view mirror. That’s not the case if you’re a layoff victim over a certain age and if you’ve been unemployed for nearly a year – or longer. Age bias is a concern for around two-thirds of workers over 45, as reported in The New York Times Bucks Blog and in MarketWatch’s Working Retirement column. The stories cite figures from Staying Ahead of the Curve 2013: AARP’s Multicultural Work and …

Older Workers See Gains In Jobs Report

Posted on 05/3/2013 by | Money and Work | Comments

Bulletin Today | WorkDespite fears of a spring slowdown, the economy continued to improve in April as employers created 165,000 new jobs and the unemployment rate held steady for older workers, the government reported Friday. Among all workers 55 and older, the  jobless rate remained at 5.5 percent last month, same as in March. For men in that age group, the rate held steady at 5.7 percent for the second consecutive month. For women, the unemployment rate fell from 5.2 percent in March …