Losing your job after age 50 could derail your career
Source: Business Insider ·
Losing a job after 50 can derail a career for years. Older workers describe prolonged job searches, age discrimination concerns, and financial strain.
From the source
Thomas Heep (left), Steven Fielding (center), and Jon McCarty (right) struggled to find work after losing their jobs later in life.Thomas Heep (left), Steven Fielding (center), and Jon McCarty (right)Some Americans who lose their jobs after age 50 spend years struggling to find comparable work.In September, the average unemployment duration for workers ages 55 to 64 was over eight months.Some older job seekers suspect age discrimination is hurting their chances of finding work.Cathy Valentine lost her job as a transformation lead in 2023. After three years struggling to find a comparable full-time job, the 61-year-old is now a prep cook at a cafe. She said she earns about an eighth of her previous salary."It just feels like I tried to do everything right and I still am stuck," said Valentine, who lives in Florida.Some older workers who lose their jobs can afford to retire, while others find a comparable role fairly quickly. But those who don't risk getting stuck in a job search that…
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