Older and Wiser

According to a recent report by the Pew Trust indicates that being older and wiser isn't always better...at least not when it comes to long term unemployment.

The Pew report found that although long-term unemployment does occur among all ages, those 55 and older are more likely to be out of work longer than younger works. 43% of those 55 and older who are unemployed remain so for more than a year.

While higher educated workers are less likely to lose their jobs to begin with, once unemployed there is no difference in the average length of unemployment among different education levels.

To read more about the Pew Trust analysis of unemployment, click here.