Latest News
Senior Employment - Another COVID-19 Casualty
This opening salvo from a PLANSPONSOR post by Lee Barney spotlights another significant impact of the COVID-19 pandemic: “Unemployment rates for workers 55 and older have exceeded those of mid-career workers since the coronavirus pandemic hit, according to a report from The New School’s Retirement Equity Lab.” And while any measures undertaken by Congress to provide unemployment compensation to those affected, the point remains that there will be an impact on the future Social Security benefits available to older workers forced off of payrolls and unable to add to their FICA-based tax history.
Barney’s article provides a clear analysis of the employment picture with respect to seniors. Check it out here…
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.