The COVID-19 pandemic and ensuing recession have hit older workers especially hard. Today’s economy is simultaneously pushing out millions who were counting on their paychecks to survive, while trapping millions of others in jobs because they can’t afford to retire. These seemingly contradictory trends are part of a grim forecast for aging Americans. Older workers (defined as 55 and up) increasingly fear they won’t have a job well into their 60s. Even if they are still employed, that uncertainty undermines a person’s ability to negotiate their deserved pay and proper conditions, even after a lifetime of work.
Older Americans, pushed to retire and to keep earning, need their own labor bureau |
September 30, 2021