About half of unemployed middle aged and older workers are still unemployed two years later. If you are near retirement and an employer wants to hire you, there’s fixed costs to hiring you. They have to train you. They have to invest in you and if their investment is only going to be spread over a few years then that might not be the best investment for them compared to a worker where that investment might be spread over many more years.
— Julie Zissimopoulos
Economist, University of Southern California
This lady comes out of retirement, and finds work that she's never done before, that transforms her life:
Many older people, well past traditional retirement age, are still working:
More on late-blooming self-starters; "Encore" careers:
The advantages of a geriatric workforce. Here is a company where the median employee age is 74:
I think there’s a kind of sweet spot that’s emerging in life that’s a function of the longevity revolution. So when you’re 50 years old, you have the chance to have a whole new chapter and it’s an extraordinary opportunity for individuals to have another chance to do something important.
— Marc Freedman Founder, Encore.org
It seems that some of the oldest folks, 65 and older, who had to come out of retirement and start working again, have had even more success. It's interesting to see the different approaches that different people of different ages take, and the varying degrees of success they enjoy.