Laid Off Before You’re Ready To Retire? A Checklist To Plan Accordingly [Forbes]
Oppenheimer Holdings, Inc. Class A (DE) (OPY)
US:NYSE Investor Relations:
opco.com/investor-relations/index.aspx
Company Research
Source: Forbes
One of the new challenges facing workers in their 50s and 60s is getting laid off before they are ready to retire. A study conducted in December 2018 by researchers at ProPublica and the Urban Institute found that more than 50% of workers “experience an employer-related involuntary job separation after age 50.” The workers laid off later in life had an extended period out of the work force and, if they were able to find a new job, at a much lower income. The research also found that only 16% of the people in the study were still working at age 65. Some may attribute this phenomenon to the prevalence of ageism in our society. Others may contend that it’s just a practical business decision for companies to save money or attract new talent. Regardless of the rationale, the repercussions for folks who are being let go from a job late in their career can be disastrous financially. Most investors plan to contribute meaningfully to their savings as they simultaneously hit their peak earning
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News
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OPY
Sec Filings
- 10/28/24 - Form 8-K
- 10/25/24 - Form 8-K
- 10/25/24 - Form 10-Q
- OPY's page on the SEC website