Looking for a Job next year 2019 ?

[O3H]

Even as unemployment reaches historic lows, close to 8 million Americans 55 and over are either out of work, stuck in part-time jobs or in positions that do not provide health insurance and pay low wages, The Wall Street Journal reports.

• Taking a hit: Older workers, who were hit particularly hard by the global financial crisis a decade ago, face an average 27% pay cut when they do find employment, often after a lengthy job search.
• Financial fallout: Growing expenses, rising debt and joblessness have exacted a financial toll. The portion of U.S. bankruptcy filers over 65 grew nearly five-fold between 1991 and 2016, from 2.1% to 12.2%.
• Pushing ahead: Despite the grim picture, many older Americans are hitting the pavement. The share of 55 to 64-year old new entrepreneurs increased from 15% to 26% between 1996 and 2016, according to data from the Kauffman Foundation.