In times of economic downturn, young people often bemoan their job prospects: The ranks of the unemployed swell with people slightly older, more experienced and
“„Average duration of unemployment for workers age 55+ increased from 18.7 weeks in January, 2000 to 34.7 weeks in December, 2009—a jump of 85.6%. Over the same time period, workers age 65+ saw their situation go from bad (24.8 weeks of unemployment) to worse (32.9 weeks), an increase of 32.7%.