Jan 12, 2009
The most striking fact about the current dismal job picture is that there are actually MORE people over 55 working today than there were a year ago – including 104,000 more workers over 75.
It’s not out of choice, but out of necessity that most older Americans delayed retirement or went back into the workforce. During the past year, almost all the 50 million people in this country who have 401(k) plans for their retirement have seen their 401(k)’s either seriously hit, some even wiped out. And many older workers are losing medical care, or paying much higher expenses for it.
You work all your life and what do you get to look forward to? Less and less from this capitalist system that is taking us on a long detour from 2009, way back to 1929.