Ageism and age discrimination against people 50+ robbed the economy of $850 billion in 2018. By 2050, it could cost the US economy nearly $4 trillion, an @AARP study suggests.

But building an age-inclusive workplace can bring benefits to businesses.

businessinsider.com/cost-of-inequi…
The Census Bureau estimated there were about 118 million Americans over age 50 in 2020.

It's expected to rise to 157 million by 2050.
businessinsider.com/cost-of-inequi…
Older Americans are also working in larger numbers than ever before.

Americans 55 and older either working or actively looking for work has more than doubled since the 1990s, with about 37 million older Americans in the workforce as of March 2021.
businessinsider.com/cost-of-inequi… A graph depicting the average age of Americans in the work f
But the effects of age discrimination are evident in older Americans' outcomes in the job market.

Prepandemic unemployment data found that men and women over 50 who lost their jobs spent several more weeks unemployed than those under 50.

businessinsider.com/retraining-doe…
Fewer jobs and lower income from age discrimination could also hit consumer spending from those older workers.

The healthcare sector could miss out on about $674 billion in spending by 2050. And leisure spending could decrease by $468 billion.
businessinsider.com/cost-of-inequi…
As America gets older, businesses will need to adapt to an aging workforce. Fortunately, there are advantages to building an age-inclusive workplace.

businessinsider.com/cost-of-inequi… Text-only graphic with the quote '"When you have an age
Together, the findings suggest America is long overdue in welcoming older employees back into its offices, warehouses, and factories. But it's also not too late to capture the enormous value they bring.

businessinsider.com/cost-of-inequi…

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30 May
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TW: This thread discusses murder.

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