Labor force participation

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55+ is becoming larger proportion of labor force55+ is becoming larger proportion of labor force

Copyright © 2014 John Wiley & Sons, Inc. All rights reserved.

Source: Toossi, M. (2012). Projections of the labor force to 2050: A visual essay. Monthly Labor Review, from http://www.bls.gov/opub/mlr/2012/10/art1full.pdf

19%

Labor force participation

Newsom, Winter 2017, Psy 462/562 Psychology of Adult Development and Aging 4Copyright © 2014 John Wiley & Sons, Inc. All rights reserved.

https://stats.bls.gov/spotlight/2008/older_workers/

Labor force participation

Newsom, Winter 2017, Psy 462/562 Psychology of Adult Development and Aging 5Copyright © 2014 John Wiley & Sons, Inc. All rights reserved.

https://stats.bls.gov/spotlight/2008/older_workers/

Labor force participation

Newsom, Winter 2017, Psy 462/562 Psychology of Adult Development and Aging 6Copyright © 2014 John Wiley & Sons, Inc. All rights reserved.

https://stats.bls.gov/spotlight/2008/older_workers/

Labor force participation

Newsom, Winter 2017, Psy 462/562 Psychology of Adult Development and Aging 7Copyright © 2014 John Wiley & Sons, Inc. All rights reserved.

https://stats.bls.gov/spotlight/2008/older_workers/

US Dept of Laborhttps://www.dol.gov/wb/stats/latest_annual_data.htm

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Overall gender gap in 2011 was .82Overall gender gap in 2011 was .82

Copyright © 2014 John Wiley & Sons, Inc. All rights reserved.

Source: Bureau of Labor Statistics. (2012). Highlights of women’s earnings in 2011, from http://www.bls.gov/cps/cpswom2011.pdf

Note: all ages

Age and vocational satisfaction

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Chou, R. J. A., & Choi, N. G. (2011). Prevalence and correlates of perceived workplace discrimination among older workers in the United States of America. Ageing and Society, 31(06), 1051-1070.

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Source: http://www.hullfinancialplanning.com/you‐should‐know‐what‐you‐are‐going‐to‐do‐in‐retirement‐before‐you‐retire/

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Source: http://time.com/money/4258451/retirement‐savings‐survey/

Retirement Planning

Planning  ‐ underestimating how much things changeDan Gilbert The Psychology of Your Future Selfhttps://www.youtube.com/watch?v=XNbaR54Gpj4

Dan Gilbert retirement planning commercialhttps://www.ispot.tv/ad/7Txd/prudential‐ribbon‐

experiment

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Newsom, Winter 2017, Psy 462/562 Psychology of Adult Development and Aging 38

http://www.gallup.com/poll/182939/americans‐settling‐older‐retirement‐age.aspx

Retirement Planning

Newsom, Winter 2017, Psy 462/562 Psychology of Adult Development and Aging 39

Government accounting office: http://www.gao.gov/assets/680/670153.pdf

Retirement Planning

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http://www.gao.gov/products/GAO‐15‐419

Retirement Planning

Newsom, Winter 2017, Psy 462/562 Psychology of Adult Development and Aging 45Copyright © 2014 John Wiley & Sons, Inc. All rights reserved.

https://stats.bls.gov/spotlight/2008/older_workers/

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Source: http://awealthofcommonsense.com/2013/12/retirement‐plan‐stack/

Retirement Planning

Retirement Planning

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https://www.onefpa.org/journal/Pages/NOV14‐A‐Comparison‐of‐Retirement‐Strategies‐and‐Financial‐Planner‐Value.aspx

Retirement Planning

Newsom, Winter 2017, Psy 462/562 Psychology of Adult Development and Aging 48

https://www.slideshare.net/NimeshDedhia/financial‐planning‐46576382

Retirement

Nerd Wallet caculatorhttps://www.nerdwallet.com/investing/retir

ement‐calculator

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