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The number of workers age 55 and over experiencing long-term unemployment has grown substantially since the recession. This raises concerns about how long-term unemployment will affect older workers’ re-employment prospects and future retirement income. In light of these developments, this book examines how older workers’ employment status has changed since the recession; what risks unemployed older workers face and what challenges they experience in finding re-employment; how long-term unemployment could affect older workers’ retirement income; and what other policies might help them return to work and what steps the Department of Labor has taken to help unemployed older workers.
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The number of workers age 55 and over experiencing long-term unemployment has grown substantially since the recession. This raises concerns about how long-term unemployment will affect older workers’ re-employment prospects and future retirement income. In light of these developments, this book examines how older workers’ employment status has changed since the recession; what risks unemployed older workers face and what challenges they experience in finding re-employment; how long-term unemployment could affect older workers’ retirement income; and what other policies might help them return to work and what steps the Department of Labor has taken to help unemployed older workers.