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Older Americans Working Longer and Fighting to Stay in the Jobs Market

For the last 20 years, the economic landscape has been changing as more people work later in life. But this trend, whether it is for need or enjoyment, was happening well before the Great Recession – and it continues, though older workers have found reemployment more difficult than their younger counterparts."From the 1950's to the 1980's, there was a decline in labor participation on the part of older Americans," says Sara Rix, senior strategic policy advisor at the AARP Public Policy Institute. "But in the early to mid-1990's, we saw a reversal and participation rates [among this group] started inching up…. Many aren't aware that this is a trend that has been going on for a while and was not caused by the downturn."There are many reasons to want to stay in the jobs market, and according to a 2014 AARP report, financial need is at the top of the list – driven by personal or familial health care costs, the need to financially assist aging parents or children and the desire for future f...

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