The Daily Money: Older workers are everywhere. So is age discrimination
Good morning! It's Daniel de Visé with your Daily Money.
Older workers are everywhere these days. And so, it seems, is age discrimination.
Roughly two-thirds of adults over 50 believe older workers face discrimination in the workplace, according to a new AARP report. Of that group, 90% believe ageism is commonplace.
The finding, based on a series of surveys in 2022 and 2023, comes at a time when America’s labor pool is conspicuously aging. The 65-and-up workforce has quadrupled in size since the mid-1980s. Nearly one-quarter of the workforce is 55 or older. Read the story.
What the soaring stock market means for your retirement
We're going allll the way back to Friday for this one, which drew readers in droves all through the weekend:
The S&P 500 hit yet another milestone, Bailey Schulz reports, ending above 5,000 for the first time on Friday.
It’s good news for Americans’ 401(k)s, which are heavily invested in stocks, and comes just three weeks after the index notched its first record close since January of 2022.
(Historical aside: We're pretty sure we were already in this business on the day the S&P 500 ended above 500 for the first time. Further disclosure: We once owned a flip phone.)
Here's what it means for your retirement fund.
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About The Daily Money
Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you.
Daniel de Visé covers personal finance for USA Today.