What are some economic consequences of ageism for both the elderly and youth?

What will be an ideal response?


Suggested Response:
The elderly:
• Surveys found that that about 80% of Americans believe employers have discriminated against older workers.
• The numbers of people over 55 filing for bankruptcy has nearly tripled from a rate of 8% in the early 1990s to 22% in 2007.
• Both men and women today are more to be working past retirement age.
• Older women living in poverty often spend half of their income on health care.
• Because of the gender gap in salaries, women receive an average of $200 less in monthly Social Security benefits compared to men.
• Without social security benefits, 44% of elderly people today would be living in poverty, but even with these benefits, almost 9% of elderly Americans live near the poverty level in addition to the 10 % living below the poverty level.
Youth:
• The Age Discrimination in Employment Act of 1967 offered protection against job discrimination for people 40 years old and older, but there is no similar law for workers aged 18 to 24.
• A survey of 2,600 workers conducted by Mercer Resource Consulting in the United States revealed that only 44% of workers aged 18 to 24 felt they were treated fairly on the job.
• An increase in lawsuits filed by younger workers against alleged reverse age discrimination is now part of the legal landscape.

Education

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What will be an ideal response?

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