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rdean
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Life Inc. - Older Americans' challenge: No time to recover from recession
Meanwhile they have to grapple with how to pay for rising health care costs and may have to make difficult choices between covering medical costs and other expenses.
The report also noted that it has been extremely difficult for older workers who lose jobs to find new ones.
The unemployment rate for Americans 55 and over was 6.7 percent in September, according to the most recent data from the Bureau of Labor Statistics. Thats far lower than the overall unemployment rate of 9.1 percent.
But for workers 55 to 64 years old, the median duration of unemployment is 43 weeks. That compares to an overall median duration of 22 weeks, according to the most recent BLS data.
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I love it when they right wingers keeps saying, "Go get a job". Below are just a few of the posts. This is sad. But it's a reflections of today's Republican America. Where their policies have led.
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I'm 59. Lost my job in 2007, took 2 years to find a new one at 40% less than what I was earning. Market has killed my 401K. Gonna be fun!
Lost 40% of my IRA in '08, laid off at 64, forced to sell my home for 35% less than 5 years ago. Good health and job skills, but no jobs.
I was essentially forced into retirement at 60. Laid off after 40 yr in Ins. 500 resumes -0- interviews
We thought we'd be ok with 1 state & 2 fed. pensions, 2-401(k)s, 2 IRAs & Social Sec. Pensions may not be there & savings may be worthless
Stock market is killing my 401(k); I'm worried and I'm not close to retirement age yet.
Our stock portfolio was decimated twice. The company I retired from is removing medical benefits annually, providing zero by 2014.
Meanwhile they have to grapple with how to pay for rising health care costs and may have to make difficult choices between covering medical costs and other expenses.
The report also noted that it has been extremely difficult for older workers who lose jobs to find new ones.
The unemployment rate for Americans 55 and over was 6.7 percent in September, according to the most recent data from the Bureau of Labor Statistics. Thats far lower than the overall unemployment rate of 9.1 percent.
But for workers 55 to 64 years old, the median duration of unemployment is 43 weeks. That compares to an overall median duration of 22 weeks, according to the most recent BLS data.
-----------------------------------------------------------------
I love it when they right wingers keeps saying, "Go get a job". Below are just a few of the posts. This is sad. But it's a reflections of today's Republican America. Where their policies have led.
-----------------------------------------------------------------
I'm 59. Lost my job in 2007, took 2 years to find a new one at 40% less than what I was earning. Market has killed my 401K. Gonna be fun!
Lost 40% of my IRA in '08, laid off at 64, forced to sell my home for 35% less than 5 years ago. Good health and job skills, but no jobs.
I was essentially forced into retirement at 60. Laid off after 40 yr in Ins. 500 resumes -0- interviews
We thought we'd be ok with 1 state & 2 fed. pensions, 2-401(k)s, 2 IRAs & Social Sec. Pensions may not be there & savings may be worthless
Stock market is killing my 401(k); I'm worried and I'm not close to retirement age yet.
Our stock portfolio was decimated twice. The company I retired from is removing medical benefits annually, providing zero by 2014.