11/6/2015 – After Years Out of a Job, Older Workers Find a Way Back In (The New York Times)

Nov 09, 2015 Comments Off by

In the economic downturn that began in late 2007 and persisted through the middle of 2009, millions of people in their 50s and 60s were laid off, bought out, downsized or otherwise left without a steady paycheck. The Center for Retirement Research at Boston College, in a report titled, “How Will Older Workers Who Lose Their Jobs During the Great Recession Fare in the Long Run?” found that the recession hit many more workers over 50 compared with previous downturns.

By 2012, many of these people were still out of work, said Matthew S. Rutledge, a labor economist at the Center for Retirement Research and a co-author of the paper. “It was really difficult for them to get back in,” he said. “It didn’t matter if they had retired or were laid off.

Read the full article in The New York Times.

Financial Landing 2015

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