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Older Americans with means stop job searches sooner

An analysis of older unemployed Americans found those with access to Social Security or pension benefits were more likely to stop searching for a job than those who dont.

By Dan Berman | Updated on February 04, 2014

An analysis of older unemployed Americans found that those with access to Social Security or pension benefits were more likely to stop searching for a job than those who don’t.

From 1996 to 2012, a brief by the Center for Retirement Research at Boston College found that during any four-moth period 20 percent of those over 50 found jobs, 19 percent stopped looking and the remainder continued their hunt. All data was from the U.S. Census Bureau’s Survey of Income and Program Participation.

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