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A Reluctance to Retire Means Fewer Openings

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THE NEW AMERICAN DREAM
Add older workers refusing to retire to the list of obstacles facing unemployed job seekers. "In other parts of the developed world, people are retiring as planned, because of relatively flush state and corporate pensions that await them," the Times says. "But here in the United States, financial security in old age rests increasingly on private savings, which have taken a beating in the last year." The result? "Prospective retirees are clinging to their jobs despite some cherished life plans."
SOURCE:   New York Times

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