AARP News

AARP - Finance

Facts About Older Workers

• In 2008, 6 million Americans aged 65 and older were in the labour force (working or actively seeking work), including 3.3 million men and 2.7 million women.
• According to AARP, of the 11.1 million unemployed in the U.S., 1.4 million were at least 55 years old.
• The December unemployment rate for the 55-plus workforce was the highest monthly rate since October 1992.
• The number of older workers classified as "discouraged" (no longer looking for work) by the Bureau of Lab or Statistics has nearly tripled from December 2007 to December 2008, rising from 53,000 to 154,000.
• Studies have shown that, after layoffs, older workers tend to be rehired at a slower rate. Many face significant pay cuts to return to the workforce.
• The median weekly earnings of workers 65-plus in 2007 was $605 or 13 percent less than the total workforce.

Source: National Council on Aging

This is certainly a worrying time for AARP members especially those without saving or who are faced with negative equity from their homes. So what can baby boomers do to alleviate the situation.

Well a growing number already communicate via the Internet and perhaps this is an area which can provide a solution for their problems by working from home'

David Ogden - Tomorrows Home Business - Retire in Ten Years
Contact Us
TriVita Business Affiliate 13142173
phone 1-386-308-1956
Skype seadogs11
Tomorrows home business Group
Earn money with AlertPay
Work From Home USA

Technorati Tags: AARP

Financial News

AARP Finance

Interest rates in the UK are expected to fall again this week as a measure to bolster the failing economy. The spectre of Deflation is looming in the background.

Howard Archer, chief UK and European economist at IHS Global Insight, said the Bank was "under severe pressure" to cut rates by another half percentage point.
"With GDP suffering its largest drop for nearly 30 years in the fourth quarter of 2008, latest data and survey evidence largely reinforcing belief that the economy is poised to suffer in 2009 the largest single year contraction since the Second World War, credit conditions remaining extremely tight, and a period of deflation highly possible in the second half of this year, the pressure on the Bank of England to act is intense," he said.

The USA is little better of having already reduced rates and awaits the approval of the financial stimulus plan later this month

David Ogden - Tomorrows Home Business - Retire in Ten Years
Contact Us
TriVita Business Affiliate 13142173
phone 1-386-308-1956
Skype seadogs11
Tomorrows home business Group
Earn money with AlertPay
The Truth About Web Prosperity

Technorati Tags: AARP,David ogden