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The brief explains how employers can reduce labor gaps by prioritizing upskilling and reskilling for older employees, leveraging experienced workers’ expertise while strengthening workers’ financial security. It also outlines public policy changes to help older adults remain, move up, and transition more easily into a resilient economy.",{"@graph":69,"@context":122},[70,84,105],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":40,"@type":76,"position":81},"https://docshare.wps.com/document/research-report/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/aging-workforce-rising-potential-policy-and-employer-action-for-older-workers/584096/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/aging-workforce-rising-potential-policy-and-employer-action-for-older-workers/584096.png","ImageObject",300,407,{"name":92,"@type":93},"\tCallum ","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-11-10","2026-10-15",true,{"@type":102,"interactionType":103,"userInteractionCount":44},"InteractionCounter",{"@type":104},"ViewAction",{"@type":106,"mainEntity":107},"FAQPage",[108,114,118],{"name":109,"@type":110,"acceptedAnswer":111},"Why does the report frame older workers as an opportunity instead of only a crisis?","Question",{"text":112,"@type":113},"It argues that experienced older workers represent valuable, often untapped talent that can help address labor shortages while supporting financial security through upskilling and reskilling.","Answer",{"name":115,"@type":110,"acceptedAnswer":116},"What labor-force trends are highlighted about older Americans?",{"text":117,"@type":113},"The report notes that individuals aged 65 and older are projected to grow as a share of the labor force by 2032, and that participation rates for this group are expected to rise.",{"name":119,"@type":110,"acceptedAnswer":120},"How can employers respond to the expected worker shortfall?",{"text":121,"@type":113},"The report recommends actively hiring and investing in older workers by prioritizing upskilling and reskilling, helping companies tap needed skills and reduce talent gaps.","https://schema.org",{"og:url":83,"og:type":124,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":126,"canonical":83},"index,follow",{"doc_id":128,"site_id":62},584096,1792053357,{"code":4,"msg":5,"data":131},{"doc_id":128,"user_id":132,"nickname":92,"user_avatar":133,"doc_module":4,"category_id":39,"category_name":40,"doc_title":65,"doc_description":67,"doc_content":134,"file_id":135,"file_url":136,"file_type":137,"file_size":138,"view_count":44,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":44,"language":139,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":140,"faqs":141,"seo_title":142,"seo_description":67,"update_tm":143,"read_time":144,"preview_page_count":4},137451211410,"https://ap-avatar.wpscdn.com/avatar/2000bb0a9246f588df?x-image-process=image/resize,m_fixed,w_180,h_180&k=1786362646172706240","FEBRUARY 2025   \n# Aging Workforce, Rising Potential:Policy and Employer Action forOlder Workers\n\ncael.org  \nSCAN FORQUICKER ACCESS  \nThis report was made possible with support from AARP. The views and opinions expressed in this report are those of the authorsand do not necessarily represent official AARP policy.  \nRecognizing that adult learners are the backbone of the U.S. economy, CAEL helps forge a clear, viable connection between education and careersuccess, providing solutions that promote sustainable and equitable economic growth. CAEL opens doors to opportunity in collaboration withworkforce and economic developers; postsecondary educators; employers and industry groups; and foundations and other mission-alignedorganizations. By engaging with these stakeholders, CAEL fosters a culture of innovative, lifelong learning that helps individuals and their communitiesthrive. A national membership organization established in 1974, CAEL is Diversity, Equity, and Inclusion Workplace™ certified and is a part of StradaCollaborative, a mission-driven nonprofit. Learn more at cael.org and stradacollaborative.org.  \n© 2025 CAEL. All rights reserved. (001-25 _ 02/25)  \nAging Workforce, Rising Potential:  \nPolicy and Employer Action for Older Workers  \nThe surge of retiring older workers paired with a shortage of skilled  \nreplacements — is often framed as a looming crisis. However, this perspectiveoverlooks a crucial opportunity: older workers also represent a valuable and oftenuntapped talent pool. This brief explores why employers should prioritize upskilling andreskilling their older employees. By doing so, companies can address labor shortages, tapinto the expertise of experienced workers, and support their financial security, creating awin-win for both employers andthe workforce.  \nThis brief also explores necessary public policy changes that can facilitate this transition.By making it easier for older workers to remain and move up in the workforce, we cancreate a more robust and resilient economy.  \nOlder workers are an  \nimportant and often overlookedtalent source  \n## THE AGING WORKFORCE\n\nAs the U.S. population ages over the next decade, the role ofolder workers in the workforce is expected to grow significantly.According to a Pew Research analysis of U.S. Bureau of LaborStatistics (BLS) projections, individuals aged 65 and older areexpected to make up 8.6% of the labor force — those who areeither employed or seeking work — by 2032, an increase of 2%from 2022. Furthermore, this age group is projected to accountfor 57% of overall labor force growth during this period.  \nNotably, older adults are among the few age groups expected toincrease their labor force participation rate, and the BLS forecaststhat 21% of individuals aged 65 and older will be part of the workforceby 2032 — nearly a 20% increase from 2022. The only other age groupprojected to increase in participation rates is those 55 to 64, highlighting abroader trend of older individuals remaining active in the workforce.1  \nIndividuals aged  \n65 and older areexpected to makeup 8.6% of thelabor force by 2032  \n1 https://www.pewresearch.org/social-trends/2023/12/14/the-growth-of-the-older-workforce/  \n2  \nAging Workforce, Rising Potential:  \nPolicy and Employer Action for Older Workers  \n## THE SHRINKING SUPPLY OF LABOR\n\nUnderscoring the need for older workers in the labor force, the global talent shortage is a trend thatis expected to intensify in the coming years. Projections suggest that by 2030, the global talent shortage  \ncould reach 85.2 million people, costing up to $8.5 trillion in lost economic opportunity. Compounding this issue,the U.S. Census Bureau estimates that by 2025, individuals over the age of 65 will outnumber children for the firsttime in U.S. history. This demographic shift could further worsen labor shortages as fewer young workers enterthe labor force.2  \n# EMPLOYERS CAN’T AFFORD TO IGNORE THE OLDER WORKER POPULATION ASTHEY SEEK TO FILL CRITICAL RO","cbCaijuifIaLcFJT","https://ap.wps.com/l/cbCaijuifIaLcFJT","pdf",4013181,"English","# THE AGING WORKFORCE\n# THE SHRINKING SUPPLY OF LABOR\n# EMPLOYERS CAN’T AFFORD TO IGNORE THE OLDER WORKER POPULATION ASTHEY SEEK TO FILL CRITICAL ROLES IN AN EVER-TIGHTENING LABOR MARKET\n## The Expected Shortfall Of Workers\n## Older Workers Are One Possible Solution To This Shortfall\n# The case for employer-supported worker upskilling through Tuition Assistance Programs (TAPs)","[{\"question\":\"Why does the report frame older workers as an opportunity instead of only a crisis?\",\"answer\":\"It argues that experienced older workers represent valuable, often untapped talent that can help address labor shortages while supporting financial security through upskilling and reskilling.\"},{\"question\":\"What labor-force trends are highlighted about older Americans?\",\"answer\":\"The report notes that individuals aged 65 and older are projected to grow as a share of the labor force by 2032, and that participation rates for this group are expected to rise.\"},{\"question\":\"How can employers respond to the expected worker shortfall?\",\"answer\":\"The report recommends actively hiring and investing in older workers by prioritizing upskilling and reskilling, helping companies tap needed skills and reduce talent gaps.\"}]","Aging Workforce, Rising Potential - Policy and Employer Action for Older Workers | PDF",1792049766,23]