In the face of COVID-19, workers of all ages are getting laid off or facing business losses in huge numbers. Where can older adults turn for work?
A lot of older adults work well past traditional retirement age to have enough money to pay the bills. Social Security is not designed to cover all expenses, but research shows that many Americans have no nest egg to help get them through. Some older adults are stretching out careers in jobs that never paid enough to tuck money away for later. Wealth inequality charts show that there are millions of these people living on the edge of a financial precipice, and now, in the midst of an unprecedented pandemic, some are falling off the edge.
|Wealth distribution by percentile|
Chart from Wikipedia https://en.wikipedia.org/wiki/Wealth_inequality_in_the_United_States