Thanks to economic instability and an eroding pension system, Americans are working longer than ever. But it turns out there’s a twist in how they’re working: New research shows workers older than 55 increasingly hold low-wage jobs.
The findings may add to the anxiety that haunts many workers about how — or if — they’ll have the financial resources to retire. In September, slightly more than 27 percent of full-time workers over 55 years old held low-wage jobs, compared with 19 percent of younger workers, according to Teresa Ghilarducci, professor of economics at The New School for Social Research.
