Each May, we observe Older Americans Month, when we consider and appreciate the immeasurable contributions of older Americans and — in particular — older workers. It is also an opportunity to redouble our efforts to address the challenges they face.
This year’s theme, Aging Unbound, reminds us that the experience of aging differs for everyone, but that everyone deserves the opportunity for independence and fulfillment as they age. For many, a job provides both.
Employers are relying on older workers more than ever. The Bureau of Labor Statistics has projected that more than half of the labor force growth in this decade will come from workers aged 65 years and older, even as overall growth will be slower than it has been in recent history. Gallup has observed that, of workers aged 55 to 74 years, far fewer are retiring.
There is good reason for employers to retain and hire older workers. Older workers can model strong work ethic and professionalism, and they often have strong “soft skills,” including leadership, problem-solving, and communication. Older workers also provide context and perspective, based on their experience, which bolsters collaboration and creativity. Research shows that many qualities, including “wisdom, resilience, compassion, and tolerance of stress,” increase with age. Older workers also stay with employers longer on average, contributing to stability and continuity.
And while employers are relying increasingly on older workers, older workers are also...
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