Type of Content: Research

Subtype: Report

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.
Older Workers Will Be More Vulnerable In the Next Recession

Resource URL: https://bit.ly/2s4tAvV