This year, there was a 70% increase of unemployed workers ages 55 and older, and it’s becoming harder for seniors to live on Social Security alone considering 35% of workers have no retirement savings. A federally funded program called Experience Works, has been around since 1965, but now their business is busier than ever. It provides training, for between 6 months and two years, and pays participants minimum wage while they intern in partnering government or nonprofit agencies.
To qualify, a person must be unemployed and in a household where the total income is close to the federal poverty level. The amount depends on the household size, but for someone living alone it’s about $13,000. For more info: http://www.experienceworks.org/site/PageServer
http://www.courierpostonline.com/article/20090803/NEWS01/908030333/1006/rss01
Tags: consumer, economy, education, job loss, retirement, unemployment
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