Dr. Carl Van Horn, professor of public policy and director of the John J. Heldrich Center for Workforce Development at Rutgers University, discusses the economic trends revealed and exacerbated by the Great Recession, job loss and its impact on older workers, as well as the consequences of limited training opportunities and cutbacks in social services on older unemployed workers.
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http://www.huffingtonpost.com/2011/08/31/long-term-unemployed-middle-class_n_942734.html see article how I am laid off at 54
I am in an architecture-related profession in the Cleveland area. I am told that our unemployment is around 60%, and is not likely to recover for at least ten years or longer. I am 63 years and was forced to start Social Securiity to pay mortgage. Live-in girlfriend works one full-time and one part-time jobs, and has been unsympathetic that I can not just go out and find another job, although I have tried. This has been devastating in our lives, and I see no way to improve the situation. Your discussion confirms the situation that so many of us find ourselves in after lifetimes of productivity (I starting working when I was 12).