Frank Guinta's Plan to Help the Older Jobless
by: Dean Barker
Tue Sep 21, 2010 at 06:22:14 AM EDT
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NYT:
Patricia Reid is not in her 70s, an age when many Americans continue to work. She is not even in her 60s. She is just 57.
But four years after losing her job she cannot, in her darkest moments, escape a nagging thought: she may never work again.
...After other recent downturns, older people who lost jobs fretted about how long it would take to return to the work force and worried that they might never recover their former incomes. But today, because it will take years to absorb the giant pool of unemployed at the economy's recent pace, many of these older people may simply age out of the labor force before their luck changes.
Don't worry. Frank Guinta has a plan:
When it comes to reforming Social Security and other programs, he would consider creating personal accounts and increasing the retirement age.
"Everything has to be on the table," said Guinta.
For Carol Shea-Porter, the "rest of us" is on the table. She will not raise the Social Security retirement age.
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