Job market tightens as seniors working beyond retirement age
QUINCY, Ill. (WGEM) -
Jobs are hard to come by in today's economy. But it isn't just younger people looking.
The market has hit seniors as well. Many continue to look for jobs, and work hard, beyond retirement age.
Frances Crider is 72 and still working hard at Meals Plus for Seniors. She said social security isn't enough for her to quit.
"You get paid once a month, by the time you pay your main bill and all of that, you don't have nothing left," said Crider.
Crider is not alone. Laura Megown with the Area Agency on Aging said people are living longer, and living is more expensive than ever.
"The increased cost in everything, whether it be medical care, food, transportation, housing, I think it's all of those factors," she said.
Hundreds of seniors lined up at the Senior Center Thursday looking for a new job. Later, all ages were invited to look at the same jobs. Megown said employers she's worked with prefer older workers.
"The senior worker has a work ethic that is very different, maybe, than today's world," said Megown.
Quincy University Finance Professor Mitch Ellison said each age group has its benefits.
"The youth have an advantage in that they work for less money, they're malleable, you can train them, and then the old have the advantage of experience," he said.
But Ellison added that a market with experienced seniors requires more from younger workers.
"They have to pay for their own training, and I mean that could be college or it could be some other kind of training, but if you want to be competitive out there, you're going to have to pay for that," said Ellison.
Despite at tough economy, lower February unemployment and record Dow closings last week have given many hope for a rebounding economy.
Megown said older workers have a harder time finding work because so many jobs look at age.
She said a lack of computer skills is an issue as well, but many employers are willing to make allowance for a more favorable work ethic.