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6-Fold Increase in Americans 55 or Older Unemployed 6 Months or Longer
May 17, 2012
In the last four years, there was a 6-fold increase in the number of Americans over 55 who had been unemployed for 6 months or longer, a federal auditor told CNSNews.com.
With this increasing number of older workers experiencing long-term unemployment, concerns are growing about their retirement income.
“For 2007, the number of all older workers age 55 and older who were out of work for 27 weeks or more was 188,552; and then in 2011, it went to 1,126,948,” Charles Jeszeck, the director of education, workforce, and income security at the Government Accountability Office (GAO), told CNSNews.com.
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