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.

 

 

Share

Comments

MichaelLub said:

buy viagra cialis levitra viagra without doctor will they make generic viagra generic viagra without a doctor prescription onde comprar viagra generico online canadian pharmacies online prescriptions is it illegal to purchase viagra online canada pharmacies do need prescription buy viagra us

MichaelVor said:

viagra online with a prescription top rated online canadian pharmacies can u buy viagra in boots canadian pharmacies online how to buy viagra online in canada viagra without a doctor prescription usa viagra rezeptfrei pillendienst generic viagra without a doctor prescription best place to buy viagra online uk forum

RichardLiz said:

generic viagra xl viagra without prescription buy viagra cheap in canada viagra without a doctor prescription get rid headache viagra legitimate canadian mail order pharmacies generic viagra picture canadian pharmacies online prescriptions where can i buy real viagra online

AlvaroCit said:

get my doctor prescribe viagra viagra without a doctor prescription viagra online belgique viagra without a doctor prescription how to get viagra without prescriptions canadian pharmacies online price of viagra versus cialis canadian pharmacies online vorst-m sildenafil 50 mg

BarryKar said:

cheap viagra professional viagra without a doctors prescription what does a viagra pill cost viagra without doctor prescription sildenafil citrate 50mg tablets online canadian pharmacies medicamento generico al viagra aarp recommended canadian pharmacies price comparison cialis levitra viagra

Jeffreyembes said:

trying to get pregnant viagra canadian pharmacies that ship to the us yeni red viagra 200mg canadian online pharmacies nombres genericos de viagra viagra without doctor prescription sildenafil memphis 50 mg viagra without a prior doctor prescription viagra nhs price

Haroldpyday said:

viagra 100mg cut in half top rated online canadian pharmacies cheap viagra super p force legitimate canadian mail order pharmacies viagra online for sale viagra without a doctor prescription different kinds of viagra pills viagra without a doctor prescription where to get viagra in the uk

JamesThipt said:

is buying viagra online illegal viagra without a prior doctor prescription best viagra tablets name viagra without a prior doctor prescription viagra price cvs legitimate canadian mail order pharmacies genericos cialis viagra canadian pharmacies shipping to usa brand viagra cheap

Josephvew said:

viagra online store com viagra without a doctor prescription taking a half pill of viagra viagra without a doctor prescription get hard viagra canadian pharmacies online how to get viagra to work faster canadian pharmacies online liquid viagra online

Leave a Comment »

Leave a Reply

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