With so much coverage about Millennials in the workplace, it may seem that the focus on employees aged 40+ has fallen through the cracks. Media attention more frequently discusses the younger Generation Z. However, the number of older Americans who stay in the workforce is rising. Therefore, taking a look at the well-being of this group is becoming more relevant than ever.
You may have heard of age discrimination or even experienced it yourself. No matter your experience, it’s broadly accepted that this form of discrimination is prominent across industries. In fact, statistics paint a more detailed picture to help us understand the full picture.
Check out some interesting age discrimination statistics below.
Age Discrimination Statistics Reveal an All Too Common Issue
Women Face More Age Discrimination Than Men
In their work on age discrimination, researchers David Neumark, Ian Burn, and Patrick Button confirm what several other research has revealed. Age discrimination in the workplace is a factor and is worse for women than for men. In other words? Older women may have a harder time finding a new job than men.
The research covers over 40,000 job applicants for more than 13,000 job positions across 11 states. Simply put, the work is comprehensive and hints at a potentially national trend.
The authors also found that:
“In coming decades, the share of seniors age 65 and older in the U.S. working-age population is projected to rise sharply—from about 19% currently to 29% in the year 2060—approaching equality with the shares of those aged 25–44 and 45–64.”
Two-thirds of Workers 45+ Have Experienced or Seen Age Discrimination
Another survey by AARP notes that two-thirds of workers ages 45 and older have seen or experienced age discrimination in the workplace. The study goes on to provide more context. It suggests that this occurrence is more common than we would like to believe. In fact, about 90 percent of those who reported age bias stated believing that it was common.
Age Bias Could Mean Losing Your Job and Taking Longer to Find a New One
The same AARP survey dove deeper into the topic to ask about how this discrimination affects them. Among the participants who felt they were in danger of losing their job in the next year, such as through forced retirement, one-third said it was because of their age. Moreover, three-fourths of all respondents said age discrimination meant it could take them longer than three months to find a new job.
Silver Linings: Older Workers are More Loyal and Better Connected
Despite some gloomy statistics, there are also several solid facts that indicate a more positive future for older workers in America. For example, the AARP vice President of Financial Resilience Programming says that older workers bring great value to employers through many assets. Through the years of experience that older works have, they often possess strong soft skills. Being good with teamwork, collaboration, and writing well are all sought after assets that employers look for. Additionally, the director of the Sloan Foundation’s Working Longer program states that,
“The reality is that older workers are appreciated by many employers for their commitment to being on the job.”
Age discrimination statistics from the U.S. Bureau of Labor Statistics back up this view of loyalty, too. It states that “the length of time a worker remains with an employer increased with the age at which the worker began the job.”
Beat Out Age Discrimination With an Inclusive Company
At the right company, older workers are encouraged to thrive through a variety of initiatives for diversity and inclusivity. In fact, many companies are now quite aware of the benefits of diversity and strive to include talent from all walks of life.
Looking for a new job later in life? Continue your career at one of Arizona’s best companies to work for!