Story perspectives

Older Workers' Finances Thrive Post-Pandemic, Study Shows

5/19/2025

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Summary

Story summary

A GAO study revealed that older workers' finances stayed stable during the COVID-19 pandemic, with employment rebounding by April 2023.
Retirement account values remained consistent from 2019 to 2022, though disparities were noted across income, education, race, and gender.
Social Security claims fell initially but surpassed pre-pandemic levels by late 2020.
Experts suggested policies to boost older workers' employability by addressing barriers and enhancing job-search support.

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Story summary

A GAO study revealed that older workers' finances stayed stable during the COVID-19 pandemic, with employment rebounding by April 2023.
Retirement account values remained consistent from 2019 to 2022, though disparities were noted across income, education, race, and gender.
Social Security claims fell initially but surpassed pre-pandemic levels by late 2020.
Experts suggested policies to boost older workers' employability by addressing barriers and enhancing job-search support.