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Older workers often the first to be laid off in an economic crisis

Employers often lay off older workers first in an economic crisis.

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The Global Financial Crisis
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Potential consequences of the financial crisis?
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US faces severe recession
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Early baby boomers will be hit particularly hard
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Older workers often the first to be laid off in an economic crisis
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Seniority of older workers makes them more expensive
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Asset value of houses has declined significantly
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Insufficient time to make up these losses
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Older workers find it harder to find new jobs
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Value of 401-k plans declined significantly
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