PBS NewsHour

When older workers are laid off and can't afford to retire

Clip: 02/20/2020 | 7m 24s Video has closed captioning.

Many Americans plan to save for retirement in their 50s. But what happens if you're laid off at that age instead? According to researchers, the situation is common, and 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 for 70 percent of his former income.

Aired: 02/20/20

Rating: NR

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