Opinion: ‘Work’ isn’t a Four-letter Word for Older Americans

During past recessions, older workers were less likely to become unemployed than younger workers. But not this time around. As unemployment rates fell later in 2020, the unemployment gap between older and younger workers narrowed, but rates at ages 65+ remained unusually high. And when older workers land new jobs, historically, it’s often at a lower wage than their previous job, Richard Johnson said (Urban Institute).