View Mobile Site
zone code Advantage Code _
 

Ask the Expert

Signal Photos

 

Boomers hit hard by the recession

Posted: August 23, 2013 2:00 a.m.
Updated: August 23, 2013 2:00 a.m.

Of the hundreds of people that attended jobs fairs hosted by College of the Canyons in April, many were students, but members of the baby-boomer generation also attended.

 

A new study shows what many middle-aged Californians privately suspected the UCLA Center for Health Policy Research reported.

Baby bombers are the first to lose their jobs and the health benefits that come with those jobs when hard times hit.
The analysis looked at California data on the uninsured between 2007 and 2009 and found that of the approximately 700,000 Californians to lose health insurance during that period - the greatest increase was among residents between the ages of 45 and 64.

“Whether because mid-career workers are viewed as too expensive or because there is a deeper bias against older workers, the data suggests the axe is first to fall on the baby boom generation,” said Shana Alex Lavarreda, lead author of the study and the center’s director of health insurance studies.

“This might open the door for policymakers to question the fairness of hiring and firing in the next economic cycle.”
The jobless rate in the state more than doubled, from 5.5 million to 12.3 percent, between 2007 and 2009.

The high number of job losses caused a steep drop in the number of people receiving health insurance through their employer.

During that same period, the number of people in the state without health insurance jumped by more than 10 percent - to 7.1 million - between 2007 and 2009, researchers found.

The findings are part of a larger study that looks at the staggering job losses during the “Great Recession” and their impact on individual California counties.

 

Comments

Commenting not available.
Commenting is not available.

 
 

Powered By
Morris Technology
Please wait ...