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Posts Tagged ‘retirement jobs’

More Seniors Looking For Work as Retirement Hopes Fade

Posted Thursday, June 11th, 2009

Data just out from the National Council on Aging  show that the number of seniors looking for work has swelled more than 120% to over 1.8 million in the last year. Within that group, those who were 75 and older increased by 80 percent.

There are some 29 million seniors – those 55 and older – employed or actively looking for work in the United States, which is about 18 percent of the civilian labor force. And their numbers are expected to grow. Seniors from the early phase of the baby boom are now retiring at the rate of 14,000 per day. That number is expected to increase 12-15% by the end of 2010.

According to a story from the Reuters News services  “This economic crisis has had just a horrible impact on the entire population, but it has had a very severe impact on older people,” said Sandra Nathan, workforce development vice president at the National Council on Aging.

Nathan said her organization was seeing a record number of people seeking assistance with job training and employment. “Before people used to retire and stay retired. Now what we have are people 75 years old and older who are still in the workforce,” Nathan said.

With a national unemployment rate at 9.4 percent, the highest in more than 25 years, the odds are stacked against older Americans seeking work. An array of new or expanded programs, however, are aimed at leveling the playing field.

The U.S. government has allocated stimulus dollars to bolster programs targeted at getting older workers onto private payrolls and off of the shaky U.S. social security system. Even individuals over 75 are being encouraged to get training and job hunting help.

We are seeing this effect here at Official Geezer Guide as more and more seniors are looking for information and ways to supplement their retirement income.  Both traffic to the site and sales of Geezer Guides are up sharply.

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