Aging Workforce Has Positive Benefits, But Injury Risks Loom

aging workforce has positive benefits, but injury risks loom, business insurance

The U.S. workforce has steadily gotten older over the past two decades, which has both positive and negative connotations for workplace safety, experts say.

In 1994, people ages 55 and older represented 11.9% of the labor force – a number that is rising and is expected to reach 24.9% in 2024, according to data from the Bureau of Labor Statistics.

This has major implications for the injury potential in the workforce, experts said during a webinar called Managing Aging Workforce Risks hosted by Marsh’s Workers’ Compensation Center of Excellence on Wednesday.

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Written by Gloria Gonzalez, Business Insurance