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	<title>CreditFYI Blog &#187; retirees back to work</title>
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		<title>Will You Spend Your Golden Years Under the Golden Arches?</title>
		<link>http://credit-blog.creditfyi.com/economy/retirees-back-to-work-as-effect-of-recession.html</link>
		<comments>http://credit-blog.creditfyi.com/economy/retirees-back-to-work-as-effect-of-recession.html#comments</comments>
		<pubDate>Wed, 25 Mar 2009 20:22:39 +0000</pubDate>
		<dc:creator>Dawn Handschuh</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[effects of recession]]></category>
		<category><![CDATA[retirees back to work]]></category>
		<category><![CDATA[retirees working]]></category>

		<guid isPermaLink="false">http://credit-blog.creditfyi.com/?p=1200</guid>
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Grocery store baggers, gas station attendants, store clerks and latte servers &#8211; service jobs like these don&#8217;t pay well, but in a stagnant economy, an unexpected contest is now brewing between two generations vying for the few jobs that remain available.
Typically, service sector jobs attract young applicants in their teens and twenties, but after watching [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://credit-blog.creditfyi.com/wp-content/uploads/retail-jobs.jpg"><img class="alignnone size-medium wp-image-1201" src="http://credit-blog.creditfyi.com/wp-content/uploads/retail-jobs-200x300.jpg" alt="" width="200" height="300" /></a></p>
<p>Grocery store baggers, gas station attendants, store clerks and latte servers &#8211; service jobs like these don&#8217;t pay well, but in a stagnant economy, an unexpected contest is now brewing between two generations vying for the few jobs that remain available.</p>
<p>Typically, service sector jobs attract young applicants in their teens and twenties, but after watching their retirement savings dry up, many retirees are headed back to work, competing with Gen-Xers for whatever entry-level jobs they can find.<span id="more-1200"></span></p>
<p>Nowhere is this more evident, the <a href="http://www.nytimes.com/2009/03/21/business/21age.html?hp" target="_blank">New York Times</a> reports, than in Fort Lauderdale. And it&#8217;s said the retirees are winning out because employers prefer what they perceive as greater reliability and experience over youth. Data from the Bureau of Labor Statistics back that up, showing rising employment in the age-65-and-older category and <a href="http://www.creditfyi.com/News/unemployment-rate-may-be-higher-than-thought-123.htm" target="_self">falling employment</a> in the age-16-to-24-year-old category. Still, seniors claim age discrimination is alive and well. If you thought job-hunting at age 50 was tough, imagine what it&#8217;d be like if you were 70.</p>
<p><em>Would you be prepared to do what it takes, whether that means working at a fast-food restaurant or cleaning motel rooms, if you lost your current job?<br />
</em></p>
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