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if it’s hard for you, think of raising someone else’s child

April 7, 2009

We’re hearing of cases where grandfathers who are the families’ breadwinner are losing their jobs, of grandmothers who are raising multiple grandchildren and are close to losing their homes to foreclosures

The unemployment rate for older workers is lower than the overall rate. But once they become unemployed, older workers find it harder to land a job and they tend to remain out of work longer than younger workers, according to the Bureau of Labor Statistics. The unemployment rate for those 55 and over has been climbing significantly in recent months; in March, it rose to 6.2% — the highest it has been since September, 1949, according the bureau.

“A parent can lose a job and be homeless and still take their child with them, but not a grandparent.”

Many older workers who lose their jobs drop out of the work force, believing their efforts are hopeless. The number of people 55 and older classified by the federal government as “discouraged” — meaning they’ve given up looking for work because they don’t think there are any jobs for them — nearly tripled from December 2007 to December 2008, to 154,000 from 53,000, according to the AARP Public Policy Institute.

via ‘Grandfamilies’ Come Under Pressure – WSJ.com.

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