Job security and a timely retirement are often in the life plans and goals of individuals in Minnesota and other states across the nation. While maintaining a job for years and retiring at the age of choice is both ideal and doable for some employees, it is not so easy for others. As workers age, it might be difficult to maintain a job or remain relevant in the industry, especially if age discrimination is the cause for a layoff, firing and unemployment. Moreover, this situation could greatly impact his or her retirement plans.
Age discrimination impacts older workers in both job searches and at their place of employment. Moreover, it negatively impacts an aging worker's ability to find work and even save for retirement. According to recent statistics, the overall unemployment rate for those 45-years-old and older is not higher than those in other age groups, however, the Bureau of Labor Statistics stated in a recent report that incidences of long-term unemployment increases dramatically with age.