January 30, 2020 / 11:12 PM / a month ago

IN BRIEF: Age bias costs U.S. economy $850 bln a year - AARP

Age discrimination against workers who are 50 and older cost the U.S. economy $850 billion in 2018, according to a report released on Thursday by AARP, a lobbying group for older Americans.

AARP said the population of workers who are over 50 years old contributed 40% of the U.S. gross domestic product in 2018, generating $5.7 trillion in wages and salaries. But they would have contributed an estimated $850 billion more if they could have remained in or reentered the labor force, switched jobs or been promoted internally, the group found.

To read the full story on WestlawNext Practitioner Insights, click here: bit.ly/37H5W8B

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