Type of Content: Research
Resource Title: Older Workers Will Be More Vulnerable In the Next Recession
Publication Title: The New School, School of Economics
Publish Date: November 13, 2019
- Financial Fragility: Older workers have higher levels of financial fragility than in 2006, before the Great Recession.
- Scars from the Great Recession: Millions of workers who are now nearing retirement lost jobs in the 2008-09 recession, saw their wages fall, and now face increased risk of repeated job loss.
- Policy Recommendations: Boost income assurance for older people by strengthening Social Security, creating Guaranteed Retirement Accounts, bolstering unemployment insurance, and creating a federal Older Workers Bureau to protect this growing population in the labor market.
Resource URL: https://bit.ly/2s4tAvV