Once upon a time in America, the concept of “lifetime employment” was the norm. The average worker counted on staying with an employer until retirement, at which point he or she could also look forward to a decent pension from his or her employer.
Those days are long gone.
Not only is lifetime employment virtually unheard of these days, but older workers also frequently find themselves among the ranks of the long-term unemployed. At first glance, unemployment statistics appear to indicate that older workers are in a better position than their younger counterparts; however, those statistics deceive.