If you’re worried about your job or have been laid off, you might know that while older workers have fared better than younger ones during the recession, once you’re unemployed, it can take a long time to find a new job when you’re over 60.
And that’s not the only issue.
The infographic below, which AARP designed to promote its Work Reimagined initiative, gives a good quick-glance overview of what older workers seek and face in the employment marketplace.
- 10.1 percent of non-agricultural workers age 55-plus are categorized as “non-incorporated self-employed.” For some this means a real, profitable business; for others it means limping along as a freelancer or consultant.
- Older job-seekers are unemployed an average 51.3 weeks (at which point, how many are no longer technically looking for work?).
- 70 percent of older workers are in it for more than the money – but needing the money is still the top reason for working.
What the infographic doesn’t show is the sharp increase in workers wanting to stay in the workforce after they’ve reached traditional retirement age. Between 2006 and 2016, the number of workers in the 65-plus age bracket is expected to jump by more than 80 percent.