Older women in the workforce are disproportionately working in low-paying jobs, and are even more at risk financially due to other circumstances—a lack of power and the absence of a savings cushion.
So says a report from the New School's Retirement Equity Lab, which finds that despite a reported low unemployment rate among workers 55 and older—just 3.1 percent—the "good news" hides the bad news.
That is, not only are low-paying jobs prevalent among older workers, to the exclusion of better-paying jobs, but that women are the ones mostly stuck in these low-paying positions—48 percent of older women lacking a college degree, compared with 29 percent of men in similar circumstances.
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