Older adults who are looking for a job should expect to search for weeks longer and receive fewer offers than their younger counterparts, a new study shows.
“There’s very robust evidence that as an individual moves beyond age 50, they experience a large penalty toward how quickly they will find a job,” says Connie Wanberg, professor of industrial relations at Georgia Institute of Technology.
Losing your job at this point in life creates a real conundrum—should I put myself through the strain of a job search or just retire for now?