The economy gained a little more than 2 million jobs over the past 12 months, according to the Bureau of Labor Statistics. The number of employed workers age 65 or older rose by 697,000 — about 36% of the total gain.
The economy gained a little more than 2 million jobs over the past 12 months, according to the Bureau of Labor Statistics. The number of employed workers age 65 or older rose by 697,000 — about 36% of the total gain. However, the gain by workers at least 65 years old over the last two years represents a sharp spike relative to total job gains. That ratio has typically been between 10% and 30%, Madowitz said, but it has been above that in the last two years.
"Many older Americans who wanted to retire lost everything. These are folks who were 50 years old then, 55, looking to retire in three or four years time, lost their jobs, lost their homes, lost their retirements. And all of a sudden they're starting back from scratch," Officer said. "It's a small percentage of them that come to us that have retired and decided, 'Eh, I'm bored.' It happens, but it's not the majority. The majority of the people that come to us are people who have continued to work," Wolniewicz said.
There is a lot of ageist job discrimination out there however
Older workers are sticking around since they need the money. Hard to live on $24,000 a year when you might keep living until well in your 80's.
Trump 2020
We can’t retire.
Because they have to!
The old folks have to work until they die inorder to survive in trump's America.
Forced to work until they collapse on the job. Freedom
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Forbes - 🏆 394. / 53 Read more »
Source: CNBC - 🏆 12. / 72 Read more »