Sunday, April 3, 2011

[Video] CBS Sunday - 50+ Crowd Finds Job Market Even More Difficult than Younger Peers

An interesting story this morning on the plight of the 50+ year old crowd in America's job market.

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.

8 minute video

"People over 50 are in a very tough spot these days, because employers are cautious about taking on not only the salaries but the benefits they expect," said Jordan Goodman, an author and personal finance expert. "Many cases, people 50+ can't replace the job they had before, even though they have lots of experience," Goodman said. "Experience is less valuable to employers these days than being cheap."

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