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It’s Time to Fix Our Foundation: How Can We Best Address the Challenges and Opportunities Presented by an Aging Workforce?

Stress can reveal underlying cracks in your foundation, and most people do not even look for these cracks or think about fixing them until it’s too late, an engineer once told me as we peeled back the basement dry wall to find cracks that emerged after two weeks of rain put stress on my home’s foundation. While it has been far more devastating to the health and well-being for older adults, the coronavirus disease 2019 (COVID-19) pandemic has placed an unprecedented amount of stress on our aging workforce. For many individuals who are over the age of 50, the loss of work and difficulty in returning to the workforce will likely end up fracturing the foundation they have created for their retirement. The loss of income and lack of access to employer benefits shall substantially alter their need to remain engaged in the workforce, and the loss of health insurance may negatively impact their health spans. Moreover, as more persons over 50 are displaced from the workforce and having difficulty returning, a number of social programs—such as Social Security, Medicare, and Medicaid—may fall well short in meeting their changing needs.

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Posted in: Journal Article Abstracts on 08/04/2020 | Link to this post on IFP |
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