How the FIRE generation is fighting back (that's Forced Into Retirement Early)
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telegraph.co.ukone in four workers over 50 has been furloughed, and a grim ‘second wave’ of job losses is predicted for older workers as the market deteriorates further.
Added to this, a recent study from the LSE suggests women are more vulnerable to losing their jobs, as a greater number work in hospitality, leisure, tourism, retail and the arts – industries that continue to be badly hit by Covid restrictions.While it’s grim out there for everyone who loses their income, it’s particularly tough for the over-50s.
According to the Centre for Ageing Better, the over-50s are twice as likely to be out of work for a year or more than younger workers. ‘The impact can be similar to bereavement – shock, disbelief, anger and loss.
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