A jobs pinch for the ages

[n2doc]

y Megan Woolhouse
Globe Staff / July 21, 2011

Roxane Larouche, 64, an operating room nurse at Beth Israel Deaconess Medical Center, is just a year away from official retirement age, but has no plans to leave her job anytime soon.

Since her younger husband changed careers during the recession and returned to school to become a pharmacist, the couple has relied on their savings and Larouche’s income.

“There are many people who continue to work into their 80s,’’ Larouche said. “I’m not saying that’s what I would do, but I want to work as long as I’m physically able.’’

Larouche is among a growing number of older Americans who are working past their traditional retirement age, and in doing so, reducing opportunities for younger workers in a difficult job market, according to a study by Commonwealth Corp., the state’s quasi-public workforce development agency. Since the recession began at the end of 2007, workers age 55 and older were the only group to increase participation in the US workforce; meanwhile, participation rates among workers under 25 declined sharply.

more
http://www.boston.com/jobs/news/articles/2011/07/21/a_jobs_pinch_for_the_ages/

And raising SS and medicare eligibility ages will just make this worse.

[Coyote_Bandit]

1. Meanwhile

if you are 50 or older and unemployed and need to work to survive then you are shit out of luck and likely will not even be considered for employment.