The advice in recent months — from financial planners, economists and educators — has been unvarying: Retirees whose nest eggs have cracked wide open should go out and find a job. The problem: Most are running smack into the worst job market in almost three decades. Nearly 5% of workers age 55 and older were unemployed in December, a 58% jump from a year earlier and the highest percentage since 1983, according to the Bureau of Labor Statistics… Today, though, with retirement savings in shambles and the economy in turmoil, job searches have taken on a new sense of urgency — and, in some cases, desperation.
By Kelly Greene, Feb 14, 2009, WSJ

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