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Who’s Got It the Worst? Finally, the Answer.

By Stephanie Miles ⋅ 1:44 pm August 26, 2009 ⋅ Post a comment

Money Plane CrashThings may be turning around in some areas of the economy, but some demographics are still feeling the heat more than others. Here’s how it shakes out:

Age: Although workers of all ages have been impacted by the recession, statistics show that those over the age of 60 have been hurt worse than anyone else. In the past, older workers would retire if their career headed south. Nowadays, however, with 401Ks dwindling, more and more 60+ workers have joined the unemployment line and started looking for new work.

Race: Blacks and Hispanics have lost significantly more jobs since the recession began than whites. Overall, the unemployment rate for black workers is double that of white employees, with the national unemployment rate hovering at 15 percent for blacks and 12.7 percent for Hispanics, versus 9.5 percent overall.

Gender: It’s not called a “mancession” for nothing…

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