Less Than Half of Older Americans Can Work From Home: Here's Why That's a Problem
Tens of millions of Americans have lost their jobs in the first few months of the COVID-19 pandemic, while countless more risk a similar fate as the nation's young recession unfolds. Factor in the massive surges in new coronavirus cases across the country that are forcing state and local officials to impose or reimpose restrictions, and it's fair to say that an economic recovery may not be in the immediate cards.
But while the current state of the economy puts all workers in a potentially precarious employment position, older workers may be more worried than others for one simple reason: Most of their jobs can't be done remotely.
In June, the Center for Retirement Research at Boston College released a report that dug into older workers' job prospects, and it found that only 44% of workers aged 55 to 64, and 47% of those 65 and over, have jobs that can be performed remotely. This means that more than half of those older workers may have trouble keeping their jobs, or returning to a job, for the duration of the pandemic. And that's problematic on many levels.
Source Fool.com
