Older Workers are Keeping the Young Out of Jobs  While unemployment has soared in Europe and elsewhere, at least one group has weathered the unemployment crisis fairly well: older workers. Then again, that may be a bad thing. The percentage of people over 60 in the workforce has climbed steadily over the past decade. Partly it's about 60 being the new 50, but it's also about rising costs of living, a lack of savings, and people clinging to jobs out of fear over disappearing pensions. Between 2001 and 2011, the employment rate for people between 60 and 64 years of age in OECD countries increased to 43.1% from 35.8% (chart below). For people between 65 and 69, it rose to 22.8% from 17.5%, over the same period. This spells bad news for young people.  Read more. [Image: OECD]
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