By 2024, workers age 55 and older will represent 25% of the nation’s workforce, with the fastest annual growth rates among those aged 65-and-older.
This evolving workforce presents business owners and C-suite leadership with unprecedented challenges, an array of new risks and some unique opportunities. The 2019 Hiscox Ageism in the Workplace Study surveyed 400 U.S. full-time employees over the age of 40 to gain on-the-ground insights into the experience of age discrimination in the workplace.
Ageism creates a range of hazards for employers, including discrimination lawsuits, demotivated employees and the lost opportunity costs associated with devaluing older workers. This study shows that 67% of surveyed workers aged 40-65 plan to continue to work after they turn 66.
For more information, see the survey report here.