Wednesday, July 12, 2006

Is later retirement a plausible option?

A report by Alicia Munnell, Steven Sass, and Mauricio Soto of Boston College tells us about employer attitudes towards older workers. Their bottom line:

On balance, the survey paints a reasonably optimistic picture. The overwhelming majority of employers said older workers were at least as attractive as younger employees. It will not always be easy for older workers to extend their careers. But the survey suggests that the potential exists. Pushing back the average retirement age, from 63 to 65 or even 67, is thus an important and "reasonable" option for addressing the nation’s retirement income challenge.