Out of Money Baby Boomers Can't Find A Job


	Out of Money Baby Boomers Can't Find A Job

asecretgirl

4-22-2009 3:13 PM

5996 views

tags:

baby boomers, jobs, economy, wealth, recession

asecretgirl says:

The lack of good jobs hits all ages but with father time clicking away Baby Boomers are toughest hit. Losing wealth and then losing jobs has come as a 1 - 2 punch. Will they have time to get up or is this period in their lives the knock out?

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/f7e47f97-8542-4d3e-a1a6-22a92c50a402/59775FFD-C945-40ED-8650-29C6A1410150/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://blog.seattlepi.com/boomerconsumer/archives/166715.asp" href="http://blog.seattlepi.com/boomerconsumer/archives/166715.asp" style="font-size: 11px;">blog.seattlepi.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blog.seattlepi.com/boomerconsumer/archives/166715.asp"><P>Baby boomer bloggers, myself included, have commenting on it for months: It's difficult for boomers to get hired in these tough economic times.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blog.seattlepi.com/boomerconsumer/archives/166715.asp"><P>Workers ages 45 and over form a disproportionate share of the hard-luck recession category, the long-term unemployed -- those who have been out of work for six months or longer, reports The New York Times in the article <A href="http://www.nytimes.com/2009/04/13/us/13age.html?_r=2&pagewanted=1&em" bitly="BITLY_PROCESSED">"Longer Unemployment for Those 45 and Older."</A></P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blog.seattlepi.com/boomerconsumer/archives/166715.asp"><P>On average, laid-off workers in this age group were out of work 22.2 weeks in 2008, compared with 16.2 weeks for younger workers. Even when they finally land jobs, they typically experience a much steeper drop in earnings than their younger counterparts, according to the Bureau of Labor Statistics.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blog.seattlepi.com/boomerconsumer/archives/166715.asp"><P>ABC News recently told the story of <A href="http://video.search.yahoo.com/video/play?p=karpman&ei=UTF-8&tnr=21&vid=0001378619514" bitly="BITLY_PROCESSED">Ken Karpman</A>, a 45-year-old former equity sales trader who earned $750,000 a year. He now delivers pizza for $7.29 an hour.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/59775FFD-C945-40ED-8650-29C6A1410150/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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