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Most UK workers now expect to retire at 62 years old

Workplace Insight

A new poll of people aged between 35 and 55 suggests that most workers expect to retire at around 62 years old, four years earlier than the UK state pension age of 66. It surveyed employees aged 35-55 working in seven industry sectors across the UK.

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What Happens When You Literally Cannot Understand Your Coworkers?

Allwork

No matter what industry you look at, four very unique generations — Baby Boomers, Gen X, Millennials, and Gen Z — are found working together on projects both big and small. This is also an impactful moment in history because people around the globe are living longer on average, and many are working well into retirement ages, too.

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3 Steps to Take Before Going Into Business for Yourself

Success

Next, you’ll need to consider your current company benefits such as health insurance and retirement plans. Additionally, many companies offer a retirement plan and match employees’ contributions. That’s free money going toward your retirement that you’ll need to start saving yourself. First, what are you trying to accomplish?

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U.S. Workforce Clashes with Persistent Ageism

Allwork

job seekers from 57 industries, revealed that a substantial 33.6% Data shows how older generations of Americans are pushing back their retirement, some are even returning to the workforce. As the workforce demographics change, and more older Americans either return to work or delay retirement, addressing ageism becomes necessary.

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4 Ways To Financially Support Your Employees (Other Than Raises)

Allwork

This is a stark reminder of how different working environments prioritize financial wellness, and the lasting effects of inflation. Offer retirement savings plans From the same Betterment survey, 35% of respondents claimed that their employers only started offering a 401k in 2022. Unfortunately, this just isn’t the case.

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Breaking Barriers: How to Challenge Age Stereotypes In the Workplace

Success

It’s a vicious cycle that makes it very difficult to bring our unique voices and perspectives into our work—perhaps most notably when we’re in male-dominated industries and roles. This disparity in perception extends far beyond the media industry. In contrast, men behind the news desk look “distinguished.”

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Tori Dunlap, Founder of Her First 100K is on a Mission to Close the Gender Pay Gap

Success

With a financial industry that disproportionately targets marginalized groups while giving advantages to cisgendered white men, the very act of a woman pursuing financial literacy and wellness is feminist. This industry was not created to be easily accessible for women, and it can be challenging to know where to start.