Why more older workers are finding themselves unemployed as retirement approaches

Many Americans plan to do the bulk of their retirement saving in their 50s. But what happens if you lose your job at that age instead? According to researchers, the situation is common, and laid-off older workers have a harder time finding a new job -- especially one that pays their previous salary. Economics correspondent Paul Solman talks to 59-year-old Jaye Crist, who works three jobs to support his family.
Stream your PBS favorites with the PBS app: to.pbs.org/2Jb8twG
Find more from PBS NewsHour at www.pbs.org/newshour
Subscribe to our KZbin channel: bit.ly/2HfsCD6
Follow us:
Facebook: www.pbs.org/newshour
Twitter: / newshour
Instagram: / newshour
Snapchat: @pbsnews
Subscribe:
PBS NewsHour podcasts: www.pbs.org/newshour/podcasts
Newsletters: www.pbs.org/newshour/subscribe