Younger Workers Feel Stuck as Older Ones Don't Retire USA Today Online (10/10/02) p.42; Armour, Stephanie
According to an AARP study, about 70 percent of workers over the age of 45 plan to work during their retirement years, and many reported economic need as the main reason for their decision. Since the fall of the economy, 401(k) and IRA savings plans have dwindled in value, forcing many older workers to rethink their strategies, but this has also caused generational tension with younger workers seeking career advancement. The number of workers age 55 and over increased 2 percent from numbers in 2001, causing many younger workers to consider job opportunities outside their current companies. However, the poor economy could make it difficult for younger workers to job hop.