The Costs of Retiring Early

Monday, June 11, 2012

A job seeker looks through green job pamphlets at the Green Jobs and Entrepeneurship Fair on February 16, 2011 in Berkeley, California. (Getty)

Older, out-of-work Americans are finding it increasingly difficult to re-enter the job market. Once they're fired or laid off, it's hard to get hired again. Grappling with months or even years of unemployment, some are tapping into the one safety net that's meant not to be tapped into: social security.

Motoko Rich, national economics reporter for our partner The New York Times, recently profiled 62-year-old Palm Springs resident Clare Keany. Clare lost her job in 2008 and never found a full-time replacement. She works temporary jobs off and on, but her livelihood now is social security, which she applied for reluctantly after being laid off. 

Guests:

Clare Keany and Motoko Rich

Produced by:

Joe Hernandez and Mythili Rao

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