Financial/Employment Issues (Aging) « Aging Issues

Employment and Financial Issues
related to Aging

Employment Issues

• Eldercare Generation Cares About Continuing to Work: Are Companies Interested in Keeping Them? (Knowledge@Wharton – Oct. 17, 2007)
  According to the MetLife survey, Americans between the ages of 55 to 70 stay in the workforce for two primary reasons: "financial necessity and the desire to remain active and/or try something new."
• How Do Age Discrimination Laws Affect Older Workers? (Centers for Retirement Research – Boston College)
  This brief discusses the history, mechanics, and impact of age protection laws in the United States.
• Supreme Court Rejects Mixed Motive in Age Discrimination Case
  The Supreme Court held 5-4 that mixed-motive claims are never permissible under the Age Discrimination in Employment Act (ADEA).

Financial Issues

• Elder Financial Protection Network (EFPN)
  An award-winning nonprofit organization that offers community education events and training for financial professionals.
• Obama Tax Hikes: Higher Dividend Taxes Hurt Seniors (Heritage.org – 9/10/10)
  A lower tax rate on dividends is one of the most important pro-growth policies that will be lost unless Congress takes action. If Congress allows the tax rate on dividends to rise, the value of all stocks will fall sharply. The decline in stock value will harm all share­holders, but seniors will be hit hardest, as a dispropor­tionate number of retirees rely on stock dividends for a significant portion of their income.
• Shielding Money Clashes with Elders' Free Will (New York Times – Dec. 24, 2007)
  An elderly man claims in lawsuit that he should be compensated for losses because he is old and should not bear the full responsibility for his choices.
• Special Needs Trusts Can Improve Quality of Life Without Sacrificing Benefits (Cliffton Larson Allen 6/16/2016)
  A special or supplemental needs trust (SNT) is a specific type of trust that focuses on providing financial support to elderly or disabled persons. An SNT can supplement their standard of living without jeopardizing the government benefits they receive.