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AARP - Finance

Facts About Older Workers

• In 2008, 6 million Americans aged 65 and older were in the labour force (working or actively seeking work), including 3.3 million men and 2.7 million women.
• According to AARP, of the 11.1 million unemployed in the U.S., 1.4 million were at least 55 years old.
• The December unemployment rate for the 55-plus workforce was the highest monthly rate since October 1992.
• The number of older workers classified as "discouraged" (no longer looking for work) by the Bureau of Lab or Statistics has nearly tripled from December 2007 to December 2008, rising from 53,000 to 154,000.
• Studies have shown that, after layoffs, older workers tend to be rehired at a slower rate. Many face significant pay cuts to return to the workforce.
• The median weekly earnings of workers 65-plus in 2007 was $605 or 13 percent less than the total workforce.

Source: National Council on Aging

This is certainly a worrying time for AARP members especially those without saving or who are faced with negative equity from their homes. So what can baby boomers do to alleviate the situation.

Well a growing number already communicate via the Internet and perhaps this is an area which can provide a solution for their problems by working from home'

David Ogden - Tomorrows Home Business - Retire in Ten Years
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AARP

AARP - Finance

US stocks ratios have now dropped to 75% of GDP and According to investing guru Warren Buffett, U.S. stocks are a logical investment when their total market value equals 70% to 80% of Gross National Product. This combined with the economic stimulus plan currently under debate may be enough to start the stocks on an upward trend which would be AARP members who are relying on investments to fund their retirement.

Elsewhere Sterling has begun to make advances against other currencies thanks to better than expected performance of Barkclays bank who stocks rose 10%. There is a suggestion that even with recession biting deeply and a gloomy economic outlook sterling is past it worse.

David Ogden - Tomorrows Home Business - Retire in Ten Years
Contact Us
TriVita Business Affiliate 13142173
phone 1-386-308-1956
Skype seadogs11
Tomorrows home business Group
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AARP News

AARP - Finance

For past year, small businesses made deep staffing cuts: Companies with 500 or fewer workers cut 430,000 positions in January, according to the latest ADP (ADP, Fortune 500) employment report, released Wednesday.

Small business employers are typically the last to cut jobs and the first to create them, which makes January's job-loss numbers a worrying omen for the rest of the year. Joel Prakken, chairman of ADP's research partner, Macroeconomics Advisers, doesn't expect improvement any time soon.

"We believe that for the first half of this year, the economy will continue to contract," he said. "There may be growth in the second half, but it will be sluggish."

Many small businesses are looking for ways to survive, but if their business product is not essential then the prospects are not good, a few are changing the way they work and seeking more customers or improving customers benefits.

Customers are the key to success, however until such time as some of the benefits of the financial stimulus plan produce money in customers pockets the future look bleak.

Generally speaking employees in small businesses are more flexible about the work they do and many are multi skilled and these are the kind of people who take matters into their own hands when redundancy threatens and set up their own business.

David Ogden - Tomorrows Home Business - Retire in Ten Years
Contact Us
TriVita Business Affiliate 13142173
phone 1-386-308-1956
Skype seadogs11
Tomorrows home business Group
Earn money with AlertPay
The Truth About Web Prosperity

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