Just one in 10 of “pushed out”workers ever manages to earn as much as they did before employmentsetbacks began—and the effects linger for years afterward. (Photo:Shutterstock)
For all the due-diligence and retirement planning olderAmericans have done, there's one obstacle that just won't go away, one thatposes a major financial burden.
A ProPublica and Urban Institute report findsthat, despite the federal Age Discrimination in Employment Act, more thanhalf of workers over 50 are being pushed out of longtime stablejobs even if they hadn't planned to retire—and the resultant financialdamage could haunt them for the rest of their lives.
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Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
