Older Workers' Delayed Retirement Creating Benefits, Concerns

Wall Street Journal (7/13, Greene, Tergesen) – "Plunging stock values are prompting many older workers to delay retirement, creating surprising benefits for some employers but nagging concerns for others." Delayed retirement "has added pressure on companies struggling to reduce payroll as profit dwindles. It also threatens to clog the pipeline for companies that want to bring in new blood." But it has "turned out to be good news for employers who are unprepared for mass retirements among baby boomers, the 78 million Americans born between 1946 and 1964." As of June, "23% of Americans working or looking for work were 55 to 64 years old and 4% were 65 and older." That means "more than a quarter of the current labor force will be eligible to retire in the next 10 years." Hat tip: NAM