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GAO Report: Many Older Unemployed Workers Experience Challenges Regaining Employment and Face Reduced Retirement Security
U.S. Government Accountability Office [GAO]
May 15, 2012
90 pages. "The number of workers age 55 and over experiencing long-term unemployment has grown substantially since the recession began in 2007. This raises concerns about how long-term unemployment will affect older workers' reemployment prospects and future retirement income.... GAO examined [1] how older workers' employment status has changed since the recession, [2] what risks unemployed older workers face and what challenges they experience in finding reemployment, [3] how long-term unemployment could affect older workers' retirement income, and [4] what other policies might help them return to work and what steps the [DOL] has taken to help unemployed older workers." [GAO-12-445, published Apr. 25, 2012, released May. 15, 2012]
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