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Retirement not always a choice

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  • 7% — Unemployment rate for people 55 and older, compared with over 8 percent for people between 25 and 54, and over 9 percent for people over 16.
  • 126% — Percent increase in unemployment for people 55 and older.
  • 30 — Average number of weeks people over 55 remain unemployed.
  • 38% — Percentage of adults over 55 looking for a job for 27 weeks or more.
  • 4.9% — Percentage of adults over 55 working part time because they’re unable to find full time work.

Source: U.S. Bureau of Labor Statistics

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