| June 11, 2009 | E-mail news for employers |
 |  |
| Top Stories |  |  |
|
- More older Americans face unemployment, lower income, poll finds
Many Americans older than 45 are facing unemployment or a drop in income, according to a pool for AARP Bulletin Today. The poll found 16% of people ages 55 to 64 have lost their jobs within the past year. Meanwhile, 24% of people between 45 and 54 and 25% of people between 55 and 64 are working fewer hours, which has led to a decline in income. Uncertainty in employment has prompted more older workers to look for new jobs. Adweek
(6/3)     
- Economic downturn prompts more boomers to start businesses
The number of individuals who are starting businesses later in life is increasing, economists say. A recent AARP poll found 21% of people who are self-employed in the U.S. are between 55 and 64. Meanwhile, 10% of self-employed individuals are older than 65. Some experts believe the stock market's sharp decline has left many seniors with less retirement income. This has prompted them to start their own businesses to generate income to make up for the shortfall. Bloomberg Businessweek
(6/8)
| Industry & Workplace Trends | | |
|
- Study: Many U.S. workers place a premium on working from home
Many workers in the U.S. would be willing to take a pay cut to work from home, according to a Citrix Online survey. The survey found 20% of workers polled were willing to take a 5% pay cut if they were allowed to work from home one to two days per week. Employees cited flexibility and freedom as the two biggest benefits of telecommuting. CCH
(6/1)
- Column: More older workers turn to "encore careers"
The stock market's sharp decline and desire to give back to the community are two reasons why baby boomers embark on so-called encore careers, Irene Sage writes. More boomers are seeking new jobs with nonprofit organizations or in public service, she notes. Several programs are aimed at helping older individuals find new careers aimed at giving back, Sage writes. For example, a recent federal law sets out to fill 10% of AmeriCorps with people 55 and older. The Boston Globe (free registration)
(6/1)
- Job loss, cuts in services sting caregivers during economic downturn
The economic downturn has put more pressure on adults who care for elderly or disabled relatives. Observers note many of the nation's 44 million caregivers have left their jobs to care for an aging relative. Meanwhile, a recent survey found one in six caregivers had lost their job in the downturn. For these individuals, job loss is complicated by cuts in services offered by governments and nonprofit groups. NYTimes.com
(6/6)
- Survey: Fewer Americans are confident in retirement plans
A Watson Wyatt Worldwide survey found only 44% of workers between 50 and 64 believe they have the resources to live comfortably five years into retirement. That's down from 55% two years ago. Observers cited the stock market's sharp drop for the decline in confidence. Meanwhile, the survey also found individuals with defined-benefit plans felt more confident in their retirement than individuals without such plans. Workforce Online
(6/3)
| AARP News | | |
|
 |
-
New AARP report on 50+ Hispanic workers
As one of the fastest-growing segments of the older population, Hispanics could be an important target for employers seeking to attract 50+ workers. According to a new AARP report, "50+ Hispanic Workers: A Growing Segment of the U.S. Workforce," older Hispanics have fewer work disabilities and longer life expectancy than non-Hispanics. But they face substantial challenges in the workplace such as low wages and few benefits. Noting the number of Hispanics ages 50 to 69 is expected to nearly quadruple by 2050, the report suggests employer practices to increase the job prospects of this important group. Learn more about the study. Read the full report.
-
Retirement security conference and webcast, June 23
Divided We Fail invites you to "Retirement Realities: Examining the Economic Downturn's Impact on Savings from the Employer and Employee Perspectives" on June 23 in Washington. A simultaneous webcast of the conference is available for those who cannot attend the live conference. Sponsored by AARP, the Business Roundtable, SEIU and NFIB, the conference will address the employer and employee perspectives on key retirement income issues. Attend the event in Washington. Sign up for the webcast.
|
| SmartQuote | | |
|
 | Each problem that I solved became a rule which served afterwards to solve other problems."
|
| |
|
| |
|
| |
| |
| | Recent AARP SmartBrief Issues:
- Thursday, May 28, 2009
- Thursday, May 14, 2009
- Thursday, April 30, 2009
- Thursday, April 16, 2009
- Thursday, April 02, 2009
| | | Mailing Address:
SmartBrief, Inc.®, 1100 H ST NW, Suite 1000, Washington, DC 20005 | |
| |
|
© 1999-2011 SmartBrief, Inc.® Legal Information
The news reported in AARP SmartBrief does not necessarily reflect the official opinion
of AARP. Some links in AARP SmartBrief are time-sensitive, and may move or
expire over time. Some sources also may require registration or fee-based
subscriptions. |
|