Tag: university of california

After Years Out of a Job, Older Workers Find a Way Back In

In the economic downturn that began in late 2007 and persisted through the middle of 2009, millions of people in their 50s and 60s were laid off, bought out, downsized or otherwise left without a steady paycheck. The Center for Retirement Research at Boston College, in a report titled, “How Will Older Workers Who Lose Their Jobs During the Great Recession Fare in the Long Run?” found that the recession hit many more workers over 50 compared with previous downturns.