Are employers using the pandemic as cover to shed older workers?
The job market has never been easy for older Americans, and now there is new evidence that the COVID-19 crisis is making it worse. A new report from the Retirement Equity Lab, part of the Schwartz Center for Economic Policy Analysis at the New School in New York City, states that the unemployment rate of workers aged 55 and over is higher than that of mid-career workers across the board Duration of the pandemic. 80% of older Americans can't afford to retire - COVID-19 doesn't help more than 25 million older Americans are financially insecure - they live at or below the federal poverty line.
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