Older Unemployed Americans Face Tough Job Hunt

by cnbc.com

Old people HDR alte Menschen Leute

Jean Coyle, 67, has a new kind of ministry. The former professor had just begun a career as a Presbyterian minister in Virginia when the economic downturn forced her church to let her go in 2007.

After that, she found only temporary work. She relied on savings while job hunting, but at 64, had to dip into her Social Security benefits. She officially retired in 2010. For spending money, she plans to start teaching a water aerobics class to earn $40 a week.

“I’m not going to get wealthy on that,” she said. “It’s not really the ministry I expected to have.”

Coyle is among the many unemployed, older Americans who, while struggling to re-enter the workforce, have growing worries that their retirement security is at risk.

Read more…

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About smartspending5

I am business-minded college student who has a heart for helping others attain emotional independence and psychological stability. My background lies in Broadcasting, network marketing, and Human Services. I believe that crises and extreme stress is necessary for one to grow and figure out what matters in life (Tony Robbins). This keeps me going when frustrations arise in my business. View all posts by smartspending5

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