1/11/2015 – Quite a dilemma: Too young to retire, too old to hire (CNBC)

Jan 12, 2015 Comments Off by

Older workers fared better during the Great Recession than those in other age groups. Millennials, who were just entering the workforce when the economy turned sour in 2009, were hit the worst. But when older workers lost their jobs, it took them about twice as long to find new ones, according to think tank the Urban Institute. Steep pay cuts often accompany the new jobs, with workers age 51 to 62 taking a 20 percent cut and those 62 and older experiencing a cut of more than a third, according to the Urban Institute.

Read the full article at CNBC.

Financial Landing 2015

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