Older workers are disproportionately impacted with job losses during the current pandemic, especially because not all will be able to return to the workforce. 4 million older workers will be pushed out of the workforce by October if trends persist.
Older workers are disproportionately impacted with job losses during the current pandemic, especially because not all will be able to return to the workforce.
If this trend persists, another 1.1 million older workers will leave the labor force in the next three months — leaving 4 million involuntarily out of a job. See: I’m 63, a widow and lost my job because of COVID. I don’t have much in savings and feel lost. What can I do? This particular crisis has one additional unique factor that affects older workers more than most younger workers — they face higher risks associated with contracting the coronavirus, Ghilarducci said.
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