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Can Older Unemployed Workers Salvage Their Retirement Plans? | Wealth management

13 June 2014—Elizabeth Fideler, Center Research Fellow is mentioned on wealthmanagement.com.

...The BLS projects that labor force participation rates for workers age 65-74 will rise to 32 percent by 2022, up from 26 percent in 2012. “That tells you about the number of people who need to work, or choose to work,” notes Elizabeth Fideler, a research fellow at the Sloan Center on Aging & Work at Boston College, and the author of Men Still at Work: Professionals Over Sixty and On the Job (2014, Rowman & Littlefield).

Fideler thinks many long-term unemployed older workers will get back into the work world as the economy continues to mend. “But they won't find things comparable to what they had before,” she adds. “Many of them will be under-employed, doing temp jobs or working part time, for lower pay and without benefits. It’s not really a very rosy picture.”

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