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.
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…
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.
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.
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.
Austin Smith has spent years working with student loan borrowers. The crusade – and his success – earned him the moniker the "Don Quixote of student debt."
While there is a high level of Asian American representation in professional roles, research into career advancement across workers of various ethnicities suggests the group remains deeply underrepresented among managerial and executive positions.
Buck Gee, an executive advisor to the Ascend Foundation, a non-profit dedicated to improving Asian American representation in the workforce, said the issue isn't representation across all roles.
Within the past year or two — especially during the later months of the COVID-19 pandemic — burnout has hit so many. If you yourself don't feel burned out, chances are you know a handful of people who are.
Haspil was a 16-year-old high school student from Valley Stream, NY when he met Saleh. An active member of the Future Business Leaders of America program, Haspil was "extremely put together," said James D'Elia, a former classmate.
Wide-eyed, fresh out of college and tens of thousands of dollars in debt. It’s a reality many 22-year-olds face.
At 27, Ashley Keimach paid off $23,000 of student loans in half the expected time. Here’s how she did it. businessinsider.com/paid-off-stude…
To pay off her debt faster, Keimach worked on getting raises at her job. As her salary increased, she'd funnel the additional cash towards her loans, paying down the principal.
Every year, Keukenhof (@visitkeukenhof) opens its doors in Lisse, Netherlands, to show off its world-famous tulip garden. However, due to shutdowns, its doors remained closed in 2020 for the first time in 71 years, costing between 5 and 10 million euros.
Knowing a shutdown was likely again this year, Keukenhof, which roughly translates to "kitchen garden," had to make a choice: Plant everything as usual, or plant a more modest garden. They took the risk, but this year's opening has already been delayed.
To better understand the hard work and effort that goes into getting this garden into shape, let's play some tulip trivia! How many tulip bulbs get planted at Keukenhof?