Thursday, October 31, 2013

Italy: Employers Encouraging Older Workers To Retire Early to Provide Employment

According to a report from BBC News, employers, with government support, are providing incentives to older workers to retire early to help reduce youth unemployment.

Source: BBC News "Older workers in Italy encouraged to hand over to young" (October 30, 2013)

Additional sources: New York Times "Italy: The Nation That Crushes Its Young" (October 30, 2013); Wall St. Journal "'Mancession' Pushes Italian Women Back Into Workforce" (October 30, 2013)

Monday, October 14, 2013

Report: Recession Has Significant Effect on Retirement Plans of Older Americans

The Associated Press-NORC Center for Public Affairs Research has issued a report with the results of a survey exploring the views of older Americans about their plans for work and retirement. Among other things, "Working Longer: Older Americans' Attitudes on Work and Retirement" finds that:
  • the average age of those who report retiring before the recession was 57 while the average for those who retired afterward is 62;
  • 82% of Americans age 50 and older who are working but not yet retired saying it is likely or very likely that they will do some work for pay during their retirement;
  • of those who are currently working, 47% now plan to retire at a later age than they expected when they were 40; and
  • 20% of working Americans age 50 and older report that they have personally experienced prejudice or discrimination because of their age in the job market or at work since
    turning 50, and 44% of those who experienced discrimination have looked for a job in the past five years compared with 16% of those who did not report discrimination.
Additional information, including the Associated Press stories based on the results of this national survey of 1,024 adults ages 50 and over and the survey’s complete topline findings can be found on the AP-NORC Center’s website. Source: Associated Press-NORC Center for Public Affairs Research Press Release (October 14, 2013)