Older Workers Are Struggling to Find Jobs Amid the Coronavirus Pandemic

The pandemic has worsened older Americans' struggles to find employment, with those nearing retirement in especially dire straits, reports CNBC . "The only way that people were able to prepare for retirement was to stick around," said research fellow Matthew Rutledge at the Center for Retirement Research at Boston College. "That doesn't work if the jobs aren't there. Even if this is all temporary — there are still months of bills that have racked up, credit card debt, deferred mortgages, and loans." Older workers have few options when confronted with long-term unemployment before they are ready to retire. Although people over 65 may start receiving Social Security, wealth-management firm Lassus Wherley co-founder Diahann Lassus advises holding off if possible. TAMMA Capital President Paul Fenner suggests people who are in a position where they have to tap Social Security early should call the agency directly to request aid.