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Labor force participation
Newsom, Winter 2017, Psy 462/562 Psychology of Adult Development and Aging 3
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
Newsom, Winter 2017, Psy 462/562 Psychology of Adult Development and Aging 8
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
Newsom, Winter 2017, Psy 462/562 Psychology of Adult Development and Aging 17
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.
Newsom, Winter 2017, Psy 462/562 Psychology of Adult Development and Aging 23
Source: http://www.hullfinancialplanning.com/you‐should‐know‐what‐you‐are‐going‐to‐do‐in‐retirement‐before‐you‐retire/
Newsom, Winter 2017, Psy 462/562 Psychology of Adult Development and Aging 35
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
Newsom, Winter 2017, Psy 462/562 Psychology of Adult Development and Aging 37
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
Newsom, Winter 2017, Psy 462/562 Psychology of Adult Development and Aging 42
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/
Newsom, Winter 2017, Psy 462/562 Psychology of Adult Development and Aging 46
Source: http://awealthofcommonsense.com/2013/12/retirement‐plan‐stack/
Retirement Planning
Retirement Planning
Newsom, Winter 2017, Psy 462/562 Psychology of Adult Development and Aging 47
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