Aging unemployed Americans struggle to find work
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- Опубліковано 2 кві 2011
- Despite improving job data, older unemployed workers are having more trouble finding work, as companies favor less-experienced, cheaper candidates. Tracy Smith looks into what it takes to find a job for an unemployed baby boomer.
You've all heard it before. "We can't find qualified workers". What this really means is companies want you to have 30 years experience but only be 35 years old, work 50-60 hours a week, and start at an entry level salary.
In other words, they want slaves and are offering a J.O.B. Just Over Broke (a.k.a Wage Slavery).
CBS / Tracy Smith should do a updated 2022 report on where these older unemployed workers are, 11 years later‼
*Applying for a job at 50+*
"Sorry, too old."
*Applying for a job out of college*
"Sorry, not enough experience."
Try self employment, become a BANK ROBBER.
Been through it & heard it all! After education & experience then they say, "We were looking for a younger person!"
they want young and cheap
Ditto!
Just tell them your an illegal immigrant. The American businesses love illegals. You don't have to pay them much, and if they give you any trouble just threaten them with deportation. You will get a job. 8 dollars an hour with no benefits, but a job.
I’m so fed up with how this world works. Wonderful human beings treated like disposable capital.
It's called natural selection though. The smarter ones prosper and procreate, weaker folks end up dead branches. It's sad but thankfully we aren't the only animal species to do this, just the only one to use fiat cotton paper.
@@brysoncherry9884 We're not talking about procreation you idiot..I't has nothing to do with smarts or weakness.I't has to do with age discrimination and companies saving money. I was a VP with a fortune 500 company with 30 years service when they showed me the door at 54. I received a nice lump sum but money goes quickly. Meanwhile they can hire four people for the money they were paying me. Nobody is indispensable
@@brysoncherry9884 It's not natural selection cause the economy and the country isn't natural. People like celebrities aren't the best of the best.They are just people willing to sell themselves out and scam others to get ahead.They aren't smart,They have no principles.The economy is nothing more than a lie and the biggest liars win.
@@fraudsarentfriends4717 You have to be somewhat smart or clever to get to the top. Those people edge out the weakminded people. So while yes, economy is artificial, knowledge is about as naturally selective as it gets.
@@brysoncherry9884 Nope,Just fraud and protectionism.They had no competition.Totally protected from any mistakes.What do you think the bailouts were all about?
It's not capitalism and they aren't the fittest
They can work in Congress dementia is the only skill you have to have.
Scary Texan yes look at Nancy pelosi lol
No, that is a new requirement for the Presidency apparently.
LOL
That's funny but true.
lol
I am 35 years old and found out that I didn't get a job I went for because the company wanted people under 30. Ageism is horrible!!
Mariella Arnold isn’t that considered discrimination?
Don Dressel only if you’re over 40
@@ShidaiTaino Legally yes, but he was asking in general. That I completely prejudiced and ageist, though not illegally so.
Mariella Arnold just wait
@charlie cheeseface vetaran disable here. Honorable discharge in 2010. Last job end of 2010. By the time the VA decided to take serious my case it was on 2013. But it was not till 2017 and 2018 that the VA aproved any medical intervention. By the time it was done I had suffer so much damage that one of my ankles can't be saved. So since the end of 2010 I had not being able to work. And no financial help from the VA, even though they did pay for both my surgeries they deny it ever happend. So would you give a job to a disable veteran that cant run nor stand for periods of time or lift weight and mainlly has not worked since 2010? Its easy to talk about others when you not on their shoes.
I lost my job in January, I’m 62, I have applied at so many places, no calls. It’s really sad.
I know how you feel. I'm 61 and going thru this right now. I hate it.
Yea. I'm 60 and have been unemployed for 18 months. Either the SSA needs to move the early retirement age to 55 and/or make being unemployed more than 6 months if you're 55 or older a disability. Because that's what age is now. If you CAN work but are being discriminated against because you are older, those who discriminate against older prospective workers are breaking a law that is unenforceable which makes it a useless law so older workers are disabled as a result.
I'm sorry.
I listen to job or money subliminals and It works wonders !
I’m so sorry
Good god this was posted in 2011. I am going through this NOW!
I know how it's like. I got laid off from 2 great paying jobs. When I turn 50, couldn't find any job in my field. So I took a part-time job as a crossing guard, crossing kids near my house(10 minute walk🚶♂️). Just turn 62 & file for early social security, as well. Not the best paying job, but it's the most fun job I've ever had. The smile 😀 on the kids faces make it so rewarding that I truly love what I do, something that I never experience before.😀
This scares me. I'm 46 and putting as much as I can into my retirement funds.
Im a very young looking 40 something and lm past scared lm into terrifying. I hope to find work very soon.
Hire yourself! What are your skills? Learn some things and take a class or two. Learn what it is people want and sell it to them. Start a business and do not buy a license to do it. Start the business and if it works then get legal. Do you like dogs? Walk dogs for people. Start an office cleaning business and hire others to do the work. Buy parking lot stripe painting machine and find lots that need new lines painted, tell the owner that fresh lines helps people see he is open for business and cares about his presentation, the first thing they see...
Possibilities are endless. Hunt for meteorites! They are valuable and can be found with a metal detector.
E Rodriguez you should be scared. I'm 61 and didn't plan! I'm on ssi can't get assistance, I can't afford healthy food I'm hungry
you can't get food stamps ? well me that's why i'm working on getting out of debt and then saving while i'm young 37 years old so that if ever I lose my Job I will still have enough to live on through retirement.
E Rodriguez Don't worry. I'm 34 and even I'm spooked! Looks to me though, that transportation and logistics might be the future in jobs.
I feel so bad for these 40 to 60 year olds who are unemployed. It all goes back to 2008. The damage still ripples.
+ruzzell907 Also, feel bad for the 30 something's like me!! I was told I was too old for a job at my local warehouse recently. I am 35 years old.
40 years old is old? i'm 27 and i haven't been able to get my first job yet because i'm still in school lol..
ruzzell907 I am in this age group and I agree.. I also lost my husband of 26 years to cancer in 2009. My life has been a burden since then.
I am 52 years old and was laid off my factory job of 13 years in 2009, drew unemployment and searched for work. I got lucky and a good friend of mine started a construction and home improvement company, I was hired as an estimator and material scheduling at $9.00 per hour, my health insurance and being close to home more than made up for the low wage. It lasted for almost 2 years and they went out of business, since then I have taken any side jobs I can find, painting, cleaning, anything. In 2009 I had two 401k's that took a major hit after the housing market crash and what was left I had to cash in to stay afloat. Tough times, I have very little now but not hopeless. Still trying but it does seem to be stacked against me due to my age.
No man, it started in 2010.
I got a job at 59. But I've been in sales all my life. I was given the key to the place within a few months. I know older people are loyal, dependable and trustworthy. And those are the exact words my employer used to describe me. I'd like to add another word. Grateful!
Hello smiling face 👋
if your over 50, cut your spending, pay your savings first, downsize your home, stay healthy. Yeah, hunkerdown. this is the new economy for over 50 yr old people.
It has nothing to do with being over 50. Any age. That includes if you're 20. Things are not getting better, they're getting worse and that's for everyone, not just older people.
Start a life of crime and steal from those with too much. Robin hood will live again.
* "you're"
abcdefg hijklmno has
I own 20 houses I live in the second to smallest house I live Frugal but live good I travel but I never worried about trying to look like something that I was not
It's absolutely age discrimination. I've been out looking for work and in the last two weeks I was denied for positions. They don't say it's your age but when you walk into the interview you can tell by the looks on their faces and how fast the interview ends
thats why there is your"e first a second interveiw
earthminus10 or they see 38 years of work experience on my resume...dead giveaway. I’ve never even gotten contacted for an interview.
This video was posted 10 years ago, I would love to see a follow up and know how they are all doing today. I would love to hear that most of them were able to find work.
when I was 50 I was looking for work it was hard. lots of experience but age was a factor.
I did find a full time job but it was low wages.
to make long story short God gave me a really good job. it is a blessing .I'm 60 now and hope to run with this one till I retire. Thank you Lord
It's only the greatest country in the world... If you got money.
Anton Zuykov, a lot of people work hard for decades, yet still end up going nowhere, or worse. So regurgitating empty platitudes is just masturbatory self righteousness.
JohnNNJ Masturbatory self-righteousness? Sheesh, what a wordsmith!
LaidBackFella agreed
Willing to work hard and reverse your age
Only 10% has to do with working hard. Actually most of the hardest jobs and workers are poor. Many rich are lazy so stop spreading nonsense propaganda. I guess you must be rich then? If not then you must be lazy and not hard worker according to your own logic and argument. It's about connections 60%, luck 10%, work ethnic 10%, keeping skills up to date 10%, and 10% attitude and charisma.
This happened to my wife, they laid off everyone in her department but her why, well she's already doing the job of 2 people..She has no college degree and yet the managers come to her for most of the answers, she's a trainer as well and she learns fast...It would take a least a year for any kid coming out of college(BA, PHD) to get up to speed with want she knows and yet my wife is very humble.
OK BOOMER
@@dungeonmaster6292 you will get there too.
@@ctrlz4439 not if I keep picking fights with blowhards on the interwebz
@@dungeonmaster6292 -- ....said the idiot. (There's "one" in every crowd!)
After W.W. two and for the next 20 years or so we might have been the best country in the world...sometimes....now America has degenerated into an Authoritarian Oligarchy and it pretty much sucks.
it goes at least to 1913 Federal Reseve/Income Tax/Amendment 17 and probably more likely as far as the Civil War.
Listen up younger people, get into skill trades!
Good advice I should've known about. but, I didn't have a father in life who could've helped in anyway. So, I went to college.
A.I. Gonna gobble up skill jobs, beep.Boop.- ole!!!
@edwardschlosser1 exactly, college is useless unless you get into the sciences, I've been saying that for years. The boomers looked down on the skilled trades when I was in school and flat out told us you'll never be anything without college and now look where college got them.
Is it easy to be a roofer when you are over 65? How about climbing Palm Trees when you are older?
@@PIANOPHUNGUY I Know of a scrap metal guy that cuts down steel with a torch and he's in his 90s. He gets on top of trailers and breaks them down. The man was a coal miner in his youth. So if a 90+ year old can do it so can an out of work desk jockey
I see an illegal move right there at 2:18. Asking for the year of graduation from high school! If you go online and you see the online job app and it is asking you for the year and won't let you complete the job app, then immediately forward the job app to the AG's office so that way the place of employment who has put that on there can get in trouble for it.
Streetcar1664. Great idea! I hope people read what you said and do it!
In my country you have to put your picture, age, parents and sibling job , their birth and education.
age discrimination is real.I am 66 and still need to work for another 5 years.fast food won't hire older workers because the managers are teens and early 20's
So people at 79 are just about as viable as they were when they were 65 says the doctor?
Most people simply don't survive their 70s, much less make it to 79. Dead is not viable.
100 is the new 60 and so it goes. Don't worry, your social security will be there when you reach the new retirement age of 105. Wow. I knew people in pretty good physical shape who all died between ages 65 and 70. I have seen very active viable 70 year olds dead at 73. This is a fantasy that people live so much longer so they can work like dogs until they drop.
haha i was thinking the same thing, isn't the average life expectancy like 78? so you are expected to work until you keel over? at which point they wheel you out and your replacement walks in i guess?
I disagree. People are now living longer into their 80s and 90s.
Actually, life expectancy is going down now for lower-income people. Understandable.
Social security is a Ponzi scheme
What about all those folks in the nursing homes. And those who taking a cabinet full of prescription drugs in old age just to keep going.
I worked in healthcare for 30 years before losing my last job in 2009 at the height of "The Great Recession". I was 57 at the time, and as the lady from Boston College predicted, I was not able to find another job either in my field or anywhere else. Prospective employers either claimed I was "overqualified" or "underqualified" or had "been out of work in that area ONE month too long (I'm not kidding"), or did not bother to respond to my applications at all. I finally gave up after three years and hundreds of job applications. I was 60 by now, and was forced to accept the fact that I was no longer employable.
Pam Alford
Apply for a business lic and become a Companion or PCA.
Pam Alford U have my empathy. How did you support yourself while you were out of work?
I went on Social Security after my unemployment benefits ran out.
They want minimally experienced people so they can pay them next to nothing.
AS they cut Medicare less employment for you and less care for our people
What has been done to these older workers is criminal. Does anyone respect their elders anymore?
docking567 it’s not our fault they didn’t save. It was the rock and roll. Music of Satan
T Mox Well said! The kids of millennials will also have a not so kind review.
I'm a gen Zer, barely turned 21 and honestly the way I see it is if you didnt save and invest back in your prime, rather than wasting money like there was no tomorrow I cant say I feel bad. That's why I've been saving and investing the small amount of money I get because I realize if I figure out a way to move myslef up im going to be like them. As for my mom she, is not too worried about her etirement plans because before my dad passed away he bought up land down in one of the safest parts of Mexico, it's safe because the government actually stops crime from spreading there but only because Americanslive there. My dad understood that unless you're super wealthy here you wont survive on a 1,200 month retirement pension. He started building a house down there because one of his buddies did the same, yearly property tax in that area is 1000 pesos(50USD). A 1,200 check would allow you to live as if you are a rich person. Many people I know, both white and Latinos are flocking across the border because a lot of them realized that they wont make it here, especially with the costs of living rising.
Nope
docking567 they need to die off quickly!
the older people ARE THE BEST WORKERS
Government, corporate, and personal policies conspired to create this problem. Stealing from Social programs, cancelling pensions in favor of making the employee save for their own retirements through 401k’s , and wants overriding needs throw most off the cliff. Fortunately I worked toward paying off the house, before another’s negligence ended my working life at 56. Our regular bills are around $700 a month plus property tax which fluctuates. If necessary the bills could be trimmed down, but only slightly. My real fear is the inflationary increases that are totally out of my control.
You're partially right. The income tax law changes in the early 70s forced companies to dump their pensions (for tax reasons too complicated to explain here) so the Congress responded by passing ERISA. CPA here, lived and worked through this time.
In today's economy a lot of Boomers can't afford to retire, but on the other hand employers hesitate to hire them. And I think the reasons they come up with are ridiculous. Older people actually make better employees. Besides there are laws against age descrimination, but hard to prove, and not really enforced. It's tough at an age where life should be peaceful and settled.
Simple answer - Insurance cost for older employees are out of this world.
Troy...Well older people still need to make a living, nothing's free.
Cindy Weir the baby boomers experienced the best america had to offer and some of them are still struggling. I always hear their coveted republican party telling people to pull themselves up by the bootstraps, same thing goes for them
@@lostcause2137 That's not the main reason, as employers still get reduced group rates for their labor force. The real reason older people don't get hired is because businesses today focus more on speed rather than accuracy & quality. The white collar manager or executive want employees producing the maximum output possible, even if that output isn't always correct or of a substandard nature. This speed can be more likely put forth by a younger employee in their 20s versus anyone over age 50 who, although may be more experienced and have more technical knowledge in the field that they're involved in, just can't produce the same fast paced results as their younger counterparts.
Main reason for not hiring older people? Computer skills (or lack thereof).
i got laid off this year and finally got an offer after 5 months of applying to hundreds of jobs i did decline an offer because i didnt think it was the right fit, i recommend temp agencies if u need help finding work.
Temp agencies are a good start. I agree. I been doing contract work for a while and getting paid pretty good. Hopefully soon I will get full time employment.
Thanks for this reminder, I had given up but still may explore this option, or even just an employment agency. Got my first job way back when through an agency!
Many times I have felt as though there was definite discrimination when I applied for a job, even when I was qualified or over qualified. I am 56 and after seeing these videos I feel less alone but more annoyed when experience doesn’t matter and potential employers are nervous about providing us with health insurance.
That's what it's about. They don't want to pay for health insurance for older adults or other benefits if they offer them like life insurance, etc.
I'm 57 and the last thing I want is a job. Happily retired. I don't know what the day is most of the time....weekends have no meaning....and my decisions usually concern where I ride my motorcycle to get coffee.
+SergioMartelli Consistent savings and investing.
+William Wilson right there thank you for not saying a lottery ticket. Good for you sir
I'm 49 divorced 5 yrs ago ...job transfer 8 yrs ago....my house is paid off will retire in 4 yrs 6 months...was off work 13 months...when times are good plan for bad times pay shit off
SW Sweetie Exactly....I had a health crisis in January, and my life hasn't been the same since. Don't understand people who know it all, rolling out advice. I would shut up....No one is in control. and life is always subject to change.
William Wilson
Cool.
My dad retired at 55 and past away at 85.
Mom retired at 50 and 95 years old going strong.
I'm retiring in 2020 before I'm 50. Home paid off long ago and completely debt free.
I make $120k-$160k a year but I've been saving and investing so much through the years I've always lived on less than $50k/yr. and within my means.
Been working with my accountant recently and going to the retirement workshops at work.
With the two pensions,Roth 401k,IRA,investments,and passive income I should be fine.
My 401k is over 1.2 million with $600k in the Roth side and Roth IRA is over $400k.
Social security will be close to $40k/yr and pensions are about the same which is more than enough.
Free lifetime flight benefit is nice too.
All I need to do is finish remodeling and I'm good.
When I turned 62, I filed for my social security. It was the smartest decision I could ever have made. Incredibly and ironically I'm doing better now than when I struggled to find work and it's a damn shame. I earned a 4 year college degree at age 23, but never found decent long term work during my youth in the DC area!! At least now, for the first time in my adult life-- I don't have to worry about how to eat and keep the utilities on at the same time. I should add that I'm also African American. On the upside, I have owned a few homes, but you need steady and sufficient income to take care of a home. I don't want to say a college degree is a waste of time and money, but you need to choose your course of study very thoughtfully. Liberal Arts degrees are virtually worthless. Go with something math, science or tech related. Otherwise, pursue a trade or skill of some type.
Robin Hood bullseye Pam...The young have been sold a bill of good on college being the road to success...When college is free it will replace the high school diploma for entry level jobs.. Technical skills are always SPECIAL...And employable...
Age discrimination in employment is illegal. Why are these employers allowed to break the law?
You have to prove it.
Age didcrimation for young people is illegal too but they do it. Even if you can prove, you will be branded as a problem employee
The old guy that got a job at a car dealership. His attitude is an inspiration. I'd buy a car from him if I could drive. I am autistic and disabled. He has the can do attitude. I am so happy he got a job. I wish him well. I look at news segments like this and my problems don't seem too bad. I have a house paid off, a pension, a 401K and social security. In retirement I'll have a 53K yearly income minus the 401K. I hope to live on 53K a year. Even for me retirement is scary! Will this be enough to survive?
It's sad, my dad is a retired truck driver and when he decided to continue driving after leaving his pre-retirement job, it was hard for him to find something decent in a short amount of time. Even though he had 21 years of experience driving 18 wheelers and the harvest is plentiful in that field, he ran into quite a few dead ends when looking for more work as a driver. He eventually found something nice just part time and stayed with it another five years.
I've been working for 48 years and have always had a job. I'm 65 and still working and my employer wants me to continue to work. I'm a NURSE!
Keep working you will eventually need a Nurse to see about you.
Certified Nursing Assistant’s field will always have a job for any age
this is happening all over the country
It's horrible
It happens when you are stupid with money.
Kimmbly Crumley This is what happens when we do not develop an independent income on the side of a full time job. Employers CAN'T be trusted to keep people working. The safest bet is to develop an independent leveraged income on a part time basis, while working a full time job. lifestyle4unow.com/vhe2
Luz Figueroa, well it is not going to stop unless people get very active in communicating with elected representatives, then probably follow up and file complaints against organizations that illegally abuse the visa programs, and eventually set ultimatums (Yeah, there might need to be some risk taking).
Silicon Valley and its leading tech firms are in some ways wreaking havoc on the communities they take over. Although the name “Silicon Valley” has become synonymous with extreme levels of wealth, many of the people living outside the tech-world bubble are worried about just getting enough to eat. A study conducted by The Guardian suggests that 26.8 percent of the Northern California area’s population is considered “food insecure”-missing meals or relying on food banks:
SOURCE: bit.ly/2C3AYvL
I'll be 70 in a few days, and I feel as well as when I was less than half my age. What you eat has a lot to do with how healthy you remain. I grow some of my food, which also helps me exercise since I have to carry 40 pound bags of compost. I admit it can be a bit of a struggle but i manage. I also cut my expenses to the bare bottom, have all I need already.
The auto salesman should draw social security. At 66 he can draw it and work all he wants. I don't get it.
What happens if you get sick. They just want to cut social security so the rich do not have to do anything for workers, but throw them away.
Liar
I’ll bet you never collected Knick knacks
@@pinkgal206 How so? You have to prove your statement!
13 years later and it's only gotten worse.
Exactly.
True ,62 , 18 years served
I grew up in the great depression and learn to save for that rainy day, pay cash always, you want something save for it, never on time
Eisen J Eisen my grandma lived through the depression. I have asked her what it was like, life style food and so forth. She's in perfect health but doesn't have much to say about it. My grandfather ,who has passed 5 years ago, had many stories, but I wasn't Intrested then. Wish could talk to him about it now. He used to deliver paper and there were always people who would pay him "later". And there were people that would knock on the door and ask for food. His mother would save table scraps and give it to them.
This is such an old story. Since 2008 employers have abandoned experience for gullibility and cheap younger labor.
Yeah, sometimes employers don't want smart workers with experience. They want stupid people they can just control.
My grandmother is 80 and still working. She actually works at a retirement home as a caregiver. She told us that she'll work until they lay her off, or she dies... How sad is that?
Limkedin is a big joke. I have changed my profile amd reached out still nothing! This discrimination needs to stop!
I understand how you feel. I have one as well. I have had my LinkedIn account since my retirement form the service in 2012. It can be difficult because many folks, I feel, are only interested in what you can do for them. Some use LinkedIn as a dating networking site. lol! :) There are free online support classes via LinkedIn on how leverage it as well. Have you given any of them a try? There is a professional version of LinkedIn but you pay for that version monthly. :)
Mary Allen, so I can count on you to write your federal elected representatives, and the U.S. House Committee on Oversight and Government Reform with respect to in-sourcing taking place through the visa programs to the number of six hundred thousand, plus? Most of which is clearly not necessary, but neither the companies, nor the USDOL are truly doing the diligence outlined by the laws. If you want to look for yourself, you can go to the OFLC website, then download the disclosure data. I also suggest FOIA some Labor Condition Applications (LCA), especially from places that turned you away and may suspect, and take a look at those.
Mary Allen I literally HATE THAT DAMN LINKELN
All Linkin is good for is so employees/employer's can be nosey about ur past, it's NEVER helped me find a job!!!!
There is no discrimination, its competition. Change your skill. Get into IT skills and work at home. It takes time but you will get there. Good luck.
Employers are looking for 20 year olds with 30 years experience and who will accept minimum wage.
And then there's the cost of healthcare now. I'm a nurse and I know all about this. Cost of healthcare went through the roof in 2011.
Mine went down and no lifetime limits.
By the way, this video was posted in 2011. Think about that.
Noah Vale
They've gotten worse and it will stay that way until we vote out ALL of the current Politicians in Washington.
Your vote don't count!
@Noah Vale So true
@@edennard1 I heard that many unemployed people who can drive are using lyft and uber to survive while looking for work
I was thinking that you could watch this at any time in the last twenty or so years! Yeah, is it worse NOW? I'm a STEM guy as we now say, and find slim pickings despite the constant yelling about shortages and difficult recruiting. I see a lot of help wanted ads that seem like science fiction- Looking for machinist-mechanic-welder-programmers, sensitive to diversity, temporary part time.... I've been joking for years that we're getting to a twenty-year learning curve, and when you get done with THAT you'll be too old! So maybe when you get out of school and apprenticeship... your career will be like ONE YEAR of intense work, and then you get laid off.
We have no one to blame but ourselves. We keep voting into office these bought and paid for career politicians. Who have allowed corporations to take advantage of the work force for decades.
I am so anxious their today will be my tomorrow. even I am still young, but who knows what will happen in the next 10 years. there are so many cheap labors and too little jobs.
This is sad. I hope these company CEO's are let go at 55 or immediately if they're older, so they can see what it's like on the other end.
Hah, they would like that. They made their money already.
Lisa Burke agreed
They get huge salaries and bonuses and tell you the problem is some poor guy somewhere so you never see the unfairness. The CEO's leave with huge golden parachutes. They don't need to work after that. They are telling you to blame welfare recipients when they don't pay enough to live.
@rocky mountain lass Yes, golden parachutes and the like
If CEO's are "let go," they'll get to walk away with their stock investments and their golden parachute...we peasants only get unemployment if we're lucky....we also have to pay taxes on that unemployment check....
Some ideas I think that might help seniors: 1. try renting out spare room on Airbnb; 2. drive Uber/Lyft; 3. people should max the employer and self contribution of 401K when they’re young.
when i was 19 yrs. old ,I decided I was going to retire @ 55 yrs. old .Well I retired at 52 yrs. old instead . I worked hard all my life, nothing was ever given to me.I did it all on my own. Im 60 yrs old now , and I dont have to worry about money because I set my self up. My biggest concern is It dunkin donut or Tim horton for my morning coffee!
nicholas kolpack Good for u
Wow your life is perfect gose according to plan. Unfortunately life isn't like that for the rest of us.
Tree Climber MGTOW. 'Nuff said.
nothing is entirely on your own. think deeply about it.
👍😊
I sure hope I won't be still paying mortgage at 65.
windingpath you do its called property taxses
Pay extra on your mortgage payment each month
windingpath s
Get self employed. I'm 62, self employed since I was 19. I Love my job, gets easier and I never want to retire. I turn down jobs and requests all the time, choose my clients. Wish I was younger only because I see soooo many ways to make a living and have fun doing it . ....Get creative, stay positive, pray often, eat, don't drink or do drugs, grab opportunities, don't think too much about everything, ignore the stupid people and others opinions. And love what you do!!
most business fail my man....only few do well
Welcome to the job market of the millennial.
"Obviously these 50 somethings are not too lazy and entitled for employers to hire them."
It is encouraging to hear that a 79-year-old can still cut it.
The problem is this youth-oriented culture and the corporate world in which people are always replaceable when it comes to the bottom line. Profits over people!
I got my last first job, which also happened to be my highest paying job, at age 58. I saved every dime from that job for 4 years and retired at age 62. I am not working now, but I am also not unemployed. I'm retired. Just turned 67 and I am having the time of my life. I have zero debt. Life is good.
👏🏿👏🏿👏🏿👏🏿👏🏿
Older workers are much more dependable!
Over 50 - sell the big house and buy on the cheap. Live like you have no tomorrows. Save like it's the last penny you have - take any job offered. And good luck - you're gonna need it.
I'm 58 and I work for minimum wage and I feel blessed. I'm a line cook for a very busy family owned business and what I find no matter where you go employers are always looking for employees who are dependable and consistent. Everyone I work with are young enough to be my child or grand child. I purposely choose these jobs because people are always looking for dependable employees who have good attitudes. Get rid of all the stuff, lower your expenses and be thankful. I'm having fun!
Save save save!!
So true! I've saved since I was young. Been laid off few times, now at 60 I'm working part time & doing great. Condo, car & credit cards all paid off. Remember, it's NOT what you EARN that matters, but it's what you KEEP. -or- Do without now so you can have much more later.😉💰💵...
Save and invest is more correct
Are you CRAZY? The most important thing is life is "Keeping up with the Joneses": driving a luxury car, wearing new clothes, living in a family home in the suburbs and go out to clubs, cafes, restaurants (instead of just staying home). If you do, everyone will admire and respect you and be your friend. If not, you will be considered a loser, a failure, a nobody, and no one will be your friend or want to marry you.
America seems like such a sad place....
Not "seems."
Why a sad place?
The median or average-income family has seen a gain of $5,003 since Trump came into office. Median family income is now (August 2019) $65,976, up from about $61,000 when he entered office (January 2017).
www.realclearpolitics.com/articles/2019/10/15/its_a_middle-class_boom_141497.html
700,000 new millionaires were created in 2017.
400,000 new millionaires were created in 2018.
5% of Americans (1 in 20) are millionaires. The US has more millionaires than most country's entire populations.
28% of Americans, more than 1 in 4, are wealthy, with households earning at least $100,000/yr.
The reason America's middle class is shrinking is mostly because America's wealthy upper class is growing.
America's wealthy population has more than tripled in the last 50 years.
America's lower-class, people earning less than $35k, shrank by 8.5%, down to 30.2%.
That is despite our taking in tens of millions of poor people from 3rd world countries and Mexico over the last 5 decades.
There are fewer poor Americans and many more wealthy Americans than ever before.
Millions of people in America's middle class became too wealthy to be counted as part of the middle class.
www.aei.org/publication/yes-the-us-middle-class-is-shrinking-but-its-because-americans-are-moving-up-and-no-americans-are-not-struggling-to-afford-a-home/
Sure The Middle Class Is Shrinking: 30% Of Americans Are Now Too Rich To Be In The Middle Class
www.forbes.com/sites/timworstall/2016/06/21/sure-the-middle-class-is-shrinking-30-of-americans-are-too-rich-to-be-middle-class-now/#34d2ce4721c8
The bottom 20%, anyone making less than minimum wage are part time workers, teenagers, someone still living at home, college students, dependents, old folks who wants some extra cash, or just bored, etc.
An American teenager making minimum wage ($15,000/yr. @ $7.25/hr.) flipping burgers at McDonald's makes more than 85% of the world's population.
That's more than TWICE what the average Chinese, Mexican, or Russian makes.
That's more than 3 or 4 or 5 times what the average African, Vietnamese, Indian, Filipino, Cuban, Venezuelan, Iranian or Eastern European makes.
An American teenager flipping burgers at McDonald's makes more than what many doctors around the world make.
Even a "poor" American, by world standards, is wealthy.
It can be very sad and depressing.
People shouldn't wait until their money runs out. Sell that big empty house, furniture, etc., pay off all debt, DOWNSIZE, cancel memberships and create a tight budget. Do whatever it takes...Take 2 PT jobs, start an online business, do consulting, take night classes, improve tech skills (what person on this planet never heard of Twitter?!), update your appearance (new hairstyle, etc)... 🙇
..I love your post. A lot of it is about learning to think outside the box. Thank you for your comment.
Consulting is a great way to charge a lot for quality service.
All this guy needs is a nice hairdo to fix his dire financial situation.
Just turned 59. Gig work has dried up. Just three years til I can collect S.S. $$. Gonna live overseas.
The last guys attitude helped him so much and you can tell. And he's right
this why as an ancient American, I will not live in the us of a once I retire at 62 here in france….americans have been fooled into this system of the "American dream" which only happens when you sleep as mr George Carlin said many moons ago...sad that folks have to work after 62.....very rare here in Europe because we take care of one another
Not in the USA! Over here children will stick their aging parents into a retirement home, visit them once a month and think they are doing plenty for them.
France has over double the States unemployment rate and a higher poverty rate. Their youth and minority unemployment rate is insanely high. But by all means keep using an American platform to spew ignorant eurotash comments.
and americans continue believing in a system that has thrown them overboard....usa is nothing but an oligatrchy where folks must work 2 to 3 jobs to survive, unaffordable health care, 2 weeks vacation at the most, sometimes unpaid.....lies of employment stats, so many poor folks, illiterate rates----one of the highest in the developed world....paleeeeze…….turn off yer TV, put down yer iPhone and computer...travel and git egeecated!!!!!!!
Oligarchy is far stronger in Europe then in the States. Most millionaires in the States are first generation and most wealth doesn't last past two generations. Europeans have thousand plus year wealthy families. If someone is poor and has no desire to ever become anything better than yes Europe is the place to be. Their basic needs will be taken care of and they will grow old watching the kids and grandkids live a life of poverty where their basic needs are provided for. If someone is poor and desires for either themselves to move into the middle class or their kids/grandkids than the States is much better to live in. Gullible people think otherwise because the States media is all about showing the worst of America to get higher ratings whereas European media is always trying to deflect from its own problems onto others; mainly the States so their citizens don't realize how bad of a situation they are in.
@ That is if they can afford a rest home. A cheap one goes for $5K a month.
The 65 year old man needs to become more aware and real and realize he needs to sell his home and downsize and live off his social security the best he can. If he waits too long which apparently he is almost out of money now, then he will lose his house and not have the money from it to live off of. He's dragging his feet to the point where it will be his demise
I like this guy's attitude! I don't care how old he is, he would be a catch for any position.
He sure would. Employers need to stop overlooking the older applicants, they may be the best one for the job.
The biggest discriminators that discriminates based on age is the US government. Military, police, fire departments, FBI, CIA, DOJ, US Marshalls , Secret Service, TSA, FAA, etc all discriminate based on age.
No gov't employees at these job fairs. We should have all gotten a city, state, country or federal job right out of college or H.S. Gov rarely has layoffs, get paid for every minute you work, more vacation, no competition from the wave of overseas workers. Trim trees in a park and retire at 50 on a six-figure pension through 'collective bargaining' or work until you can't even remember your name. Government never has to be competitive as it has a lock on essential services - and it shows.
Yup, I'm turning 28 next month and I'm currently trying to get a job in one of the above sectors. Working in the private sector or other parts of the job market has no type of job security or pension whatsoever. I personally can't be in my 40s struggling to make ends meet...
DaveBraga .....Good point and I noticed this as well starting many years ago. I've learned to track as much as possible....then the "big picture" gets clearer every month and year that passes as I 'connect the dots' just like criminal investigators are taught! It works too! Here's just one of hundreds of factual details I have noticed to track. I track the amount of news stories and what the majority are not reporting on....big business illegal and legal corruption. They are less than 1% of all news stories yet are effecting every single working class person way more than they know. How could they know?!!....which is why it's not reported about in the first place! Then notice who people point the finger at as the "troublemakers"....other peons! Then find the few videos here about big business corruption and start comparing the number of comments.....you will find way less comments, proving even more about how people are attracted to topics they feel they know something about and other reasons. Basically, as planned, "hear no evil...speak no evil" works beautifully as planned by the media puppets who are also owned by corporate America. Connect the dots and keep noticing how it all fits together like the details of typical crime scene investigations. Opinions are so useless. Learning HOW to find the real truth takes way more time and effort....and I mean 'years', not just days or weeks! I've been doing this for 30 years and the theories I had in past are still often times being proven to be true. I never used only opinions in the past, which forced me to keep investigating month after year until too many details made it quite obvious I am looking in the right direction, so to speak. I got better as time passed too. There is way too many useless but effective 'distracting' news stories we are bombarded with daily but the comment sections prove how effective this distraction tactic works! Now we're being told the economy is doing so well as the media uses partial facts to sell this crap." 3.9% unemployment is the lowest it's been in eighteen years" as reported and I noticed how the news anchor added words to the effect that our economy is doing so well! They use these clever tactics all the time. They are masters at spinning false reality from isolated data. I call it "using partial facts to set up fictional sales agendas". It's used in sales all the time and I was a top straight commissioned sales rep and know all about this slimy crap.
DaveBraga Why didn't you tell me years ago? LOL. A friend has worked for the USPS for over 20 years and will have a nice pension.
My father's best advice was for me to get a government job, especially a career federal position. I should have heeded his advice. I believed that I wouldn't survive office politics and other shark-feasting that goes on.
This is the advice I give everyone now. There are no more private sector pensions or benefits.
The biggest age discriminators are the military, the government, and the school systems. The system doesn't change.
And young people were not told on time, that their age is the only valuable
When I returned to the field of childcare at the age of 59, despite my education and past experience as a lead teacher, I had a hard time finding a job.
I don’t see why you returned to work at 59. Should be retired and volunteering.
Making America great again, in what way may I ask?
This video is 8 years old. Come on.
Not for the poor.pleased that man got a part time job Godbless him.
tally bee 🎰🎰
@@bev7236 How quickly and conveniently we forget. Before Obama was president we were losing hundreds of thousands of jobs a months and high unemployment, During his tenure we gain hundreds of thousands of jobs a month, which Thrump inherited and like everything else he inherited he's too stupid to keep it.
,many employers don't want people over the age of 50, so if you suddenly find yourself out of work after 50, you could find yourself on the scrap heap
I'm 71 and they all just love my resume. But when it comes to the interview, not so much. I actually had one say, "Well you're more than qualified . . . buuut"
I have experienced the same scenario.
Old and disabled are very hard to get a job
This should encourage people to save more!!
age discrimination is present.... the truth is the cliser you get to 50... the less likely you are to get a job..even at McDonald's or walmart...Enron showed me this!!
oh yea i went from 22 an hr as an industrial electrician to 7.69 as a security guard , all the manufacturing plants closed up and im now 61
Under Trump, the US economy has created 6 million jobs, 500,000 of them in manufacturing.
Trump has created so many jobs, we now have a severe labor shortage in the US.
Labor Shortage - Rising Wages
7.5 million unfilled jobs, not enough workers.
Wall Street Journal
Wages Rise at Fastest Rate in Nearly a Decade as Hiring Jumps
www.wsj.com/articles/wages-rise-at-fastest-rate-in-nearly-a-decade-as-hiring-jumps-in-october-1541161920
Wall Street Journal
Facing Historic Labor Shortages, Companies Snap Up Teenagers
The U.S. is facing a severe worker shortage, forcing employers big and small to explore the labor market’s youngest echelon, which is piling into the workforce
www.wsj.com/articles/facing-historic-labor-shortages-companies-snap-up-teenagers-1523895726
MarketWatch: 2019, March 8
At a 10-year high, wage growth for American workers likely to keep accelerating
www.marketwatch.com/story/at-a-10-year-high-wage-growth-for-american-workers-likely-to-keep-accelerating-2019-03-08
USA Today: 2019, August 14
Overlooked on economy? Rising paychecks for blue-collar workers are shrinking the wage gap
www.usatoday.com/story/opinion/2019/08/14/blue-collar-workers-wages-rising-inequality-shrinking-economy-column/1955329001/
The Economist: 2019 April 23
Why wages for the poorest Americans are on the rise
www.economist.com/podcasts/2019/04/23/why-wages-for-the-poorest-americans-are-on-the-rise
The median or average-income family has seen a gain of $5,003 since Trump came into office. Median family income is now (August 2019) $65,976, up from about $61,000 when he entered office (January 2017).
www.realclearpolitics.com/articles/2019/10/15/its_a_middle-class_boom_141497.html
This is why a lot of companies hire young people on temporary contracts these days. This way they can avoid paying pensions, benefits and bonuses, get rid of people easily, no responsibility etc. But you're demonised if you're poor, especially in the US. No matter what you earn, it's never enough.
What are the pensions and benefits you speak of?
Young people are inexperienced. Old people are old. It's crazy how everyone is having a hard time
Yeah...I went through this crap. Not pleasant....I thought I had a good chance at age 54....ha!...FORGET IT. Even at age 54 those interviews don't come quick or easy any more. My son was looking at the same time - he got 3 times the amount of interviews I did (he was 23). IF you DO get hired...expect to make LESS than what you ONCE made before.
Luckily, my present employer was TIRED of young people leaving after 1.5 years..... they actually wanted an "old guy"...hence I got hired. They KNEW an "OLD guy" would actually stay past 1.5 years....which I have. The job is NOT easy..but I am staying so far. The job is not easy though...benefits are good, drive is MUCH shorter, manager is outstanding, but I am being paid about 7 grand less..
Don't list the years graduated if listing your education on your resume. Also, if you have a college education, only put that on, not your HS diploma as well. If you have a degree, employers know you already graduated HS, that is just a waste of space on your resume. Also only go back about 10-20 years max on your job history, most employers don't need to know/care what you did back in the 1980s or 1970s.
This is actually really good advise that I don't think older Americans know or understand. I also don't think they understand that education is continuous. My mom says she shouldn't have to go back to school, yet I can't tell you the number of people over the age of 50 who never bothered to learn how to type. My father graduated from college in 1972. There are a lot of advancements in every field since 1972 however many older people feel like they should have to learn anything new, why?
i got laid off at age 50 i am now 55 and still unemployed. this is the age of doom and gloom.
I feel like if you are 65 or older and have worked at least 20 years combined you should be able to relax and society will take care of you. Older people should be able to enjoy their golden years
Pie in the sky
@@kellybrandon1179 okay. Why not? People have no need to work till their grave
This is so true, furthermore its true for people with too much education.
This makes me sad..young ppl. Being lazy..older ppl hoping for work..
Praying for all families and all involved. I hope all goes well for them. God bless them. God loves them.
This was made during the recession but it is still true in better times. Americans in general do not value the wisdom that comes with aging. We focus on modernism and the glory of youthfulness.
I’m 76 and drive a school bus. Last year I drove over 100 miles a day in the foot of the Ozarks. Drove another 60 miles total to and from work.
Don't turn your back on these people because someday this could be you
I am 64 yrs old and haven't found work since being laid off at 60. Now trying to live on my social security early retirement which doesn't enough for good
OK 7 years later and it has changed in that I found a job paying half my previous. Young people are accepting low pay because they were taught that unions are bad.. Sorry pops you can't knock on a door for a job anymore it is all done online.
They broke the unions so they could sub contract cheaper labor
Man, 25 years ago, I could get a job in my sleep... with good pay. Now... I have a small business. Forget about work and start a business.
"start a business." Great idea, but unfortunately, even this is past its shelf life: Walmart, Amazon, the internet are killing them off.
@@toady7741 We don't need jobs via oligarchs... learn how to live for free globally and barter and share everything... FreeHousingProject.com (Join for FREE!)
Experience is less valuable than being cheap
This makes me so glad that I was able to retire with a pension. I’m a retired RN. When I sought part-time work to maintain my skills, no takers.
MEDICARE FOR ALL, WOULD HELP. BUT CURRENTLY POLITICIANS ARE ALL BOUGHT.
I'm 57 yrs old...Everytime I go for an interview I get the same response..You should be retiring at your age. To old to work..to young for Social Security. Corporations just don't want to pay what we are worth.
too
Corporations make big bucks charging job seekers for skills, knowledge and experience. Why pay someone when you can get them to pay you:?
The best damn country in the world???? Really??? Hah!
it could have been
Who can stop worrying about money in this day and age!
Sunny Sunshine yes we are God Bless America. ,other countries have it a lot worse
This is agism, and it stinks! Jobs are hard to find and it's a shame for our country. How can we get by with out a decent job and benefits? I hope these people find jobs they deserve after a lifetime of working!
I blame the illegals.
I got laid off at Christmas time 4 years ago by a well known company. I was 45 years old at the time. Since then, I've applied to several jobs, and no one even has the decency to call back or even send a letter with their "someone more qualified" BS line. I've turned to self employment. I do a lot of internet work, and I also do a lot of the app gigs. Right now, as an Independent Contractor, I'm doing pretty well, but some people want to take away the Independent Contractor status on those app gig jobs and make people employees. I really do not want that to happen.
Now 10 years later, it has gotten worse. A lot worse.