Read our November Stay Thirsty column while you wait for election results

Time Favors Younger Workers

For the past two and one-half years, Sam Newman, filmmaker, and I have been interviewing men and women over the age of 50 who lost their jobs in the Great Recession. Our work culminated in the documentary Set for Life, which follows three Baby Boomers as they seek reemployment after losing their jobs in the economic downturn.

Now that the economy seems to be recovering, albeit slowly and unevenly, it is easy to forget or minimize the pain that unemployment wreaked on older workers and their families. Since 2007, older workers have tried to survive in an economy that shed jobs, decimated savings and erased the equity they had accumulated in their homes over time. Also, of course, they lost their health insurance when they lost their jobs. In sum, they faced the economic equivalent of a perfect storm that they are still trying to weather.

“For people in their 50s, who lose their jobs, the consequences are probably going to last for the rest of their lives,” said Richard W. Johnson, director of the retirement policy program at the nonpartisan Urban Institute.

The harmful effects of the Great Recession continue to drag on, especially for Americans who are nearing the traditional retirement age of 65. No other age group has seen its income drop as sharply post-recession. Even younger workers, who have also suffered greatly in the recession’s aftermath, have not suffered income declines as large as older workers. Between June 2009, when the recession officially ended, and 2012, the median annual income of all householders age 55 to 64 decreased from $61,716 to $55,748, a decline of close to 10 percent. In comparison, the median yearly income of younger householders, ages 25 to 34, declined from $54,520 to $49,659 or just under 9 percent.

Click here to read more.





Williamben said:

when will viagra get cheaper viagra without prescription comprar magnus sildenafil viagra ohne rezept aus deutschland viagra best price

FrankWaw said:

xknivwyøfler-pris.htm Ugg Grey Boots Sale Ugg Australia Classic Short Uggs Laarzen Uitverkoop Parajumpers Gobi Black Cialis Pharmacie Canadienne

AndrewEnery said:

is it ok to buy viagra online viagra no prescription next day generic viagra viagra no prescription generico viagra dr simi

RobertbeK said:

how to buy viagra at tesco viagra no script viagra nz sales viagra no script sildenafil dosis 50 mg

SergioBug said:

Hygetropin 200iu Dr Lin's Kits Should you need life insurance coverage check with your property and car insurance firm. Frequently you can obtain a good deal on your insurance plans if you achieve them in the exact same company. An insurance policy professional may also present you with noise tips on which kind of life coverage insurance policy would suit your circumstance very best. Hygetropin 100iu Now you have check this out post, you ought to have no trouble discovering and taking pleasure in online games in your own life. No matter what your chosen foundation, from the mobile phone to the pc, playing and experiencing online games will help you go ahead and take edge of the anxiety of your respective active full week.Learning To Be A Good Web Development Company Kamagra Bestellen Forum From looking at the tips in the post over, you happen to be now a lot more knowledgeable about the Apple inc iBooks app and ways to download e-books to the iPhone. Make sure you point to this content if you have concerns at another time. Get pleasure from checking out the industry of literature from the comfort and portability of your own iphone 4.Use A Healthful Carrying a child With These Tips igf-1 lr3 vs des

RussellCek said:

Cialis Zürich When you have been weight training exercise for a time period of time and wish to see results much more quickly, work with your sizeable sets of muscle groups, like those who are in your thighs and legs, back and chest. Some great workout routines for those groups are deadlifts, leg squats, table presses, dips and army presses. real jintropin for sale Look on the internet and at magazines. You can find a number of books that can provide you with excellent suggestions. Before you start preparation, get influenced. Take a look at as much alternative ideas as possible and weigh your choices. Save what you like. Combine suggestions and find out what's doable. Hygetropin Hgh Surgical treatment isn't a choice to become undertaken lightly. Not only will it be rather pricey, but very poor cosmetic surgery may have an adverse influence on equally the way you look plus your health. That's why it's essential for any individual thinking of cosmetic surgery to educate themselves in regards to the procedure as much as they can. Below are a few things to remember. Riptropin Results

Lloydstise said:

Canadian Pharmacy canadian pharmacies online list of approved canadian pharmacies canadian pharmacies online Online Drugstores

JeffreySal said:

canadian pharmacy canadian pharmacies no 1 canadian pharcharmy online canadian pharmacies canadian pharmacy online

ClarkFuh said:

online pharmacy canadian pharmacies shipping to usa pharmacy direct canadian pharmacies shipping to usa canadian online pharmacies

Leave a Comment »

Leave a Reply

Your email address will not be published. Required fields are marked *