The Upsides And Downsides Of An Aging Workforce
"This may benefit some businesses and industries by reducing labor shortages and skill gaps as experienced workers stick around," said Gad Levanon, Director of Macroeconomic Research at The Conference Board and a co-author of the report, in a press release. "At the same time, their delaying retirement can be a significant obstacle to the many companies seeking to cut costs."
Older workers can often mean greater expenses for an employer. In addition to commanding higher salaries, these workers may have higher health care costs or more extensive benefits packages than their younger and less experienced counterparts.
This report from The Conference Board doesn't necessarily reveal anything new about the state of retiree expectations. But it does provide one more indication that if you expect to work longer, you may have plenty of older colleagues to keep you company.
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