NEW YORK (MainStreet) It's tough out there for baby boomers out of work, especially older ones.
Data from Sentier Research reveal that Americans between the ages of 55 and 64 have seen their median income decline by 7% in the post-recession years, which Sentier defines as 2010-13. In dollars and cents, boomers in that age group saw their average annual incomes slide to $58,432 from $62,842.
That slide grows sharper for the number of 50-plus Americans who are either out of work, working part time or working full-time jobs that don't pay enough to keep up with household bills and let workers save for a secure retirement.
A Boston College study calling 50-and-older workers the "new unemployables" confirmed that unemployed older workers are less likely to find jobs than unemployed younger workers. "Older workers are involuntarily working part time because they cannot find full-time employment. Others are becoming discouraged and dropping out of the labor force, believing they will not find new jobs."
What must older workers do to keep up? Here's a glimpse:
Use new online media. Younger people are more likely to use social media to look for work than older Americans, especially business-focused platforms such as LinkedIn. Companies expect and even demand that applicants use technology and social media in the job hunt process, as they'll often be using those same technologies to solve problems on the job and to network with clients. If you can make the case you're highly visible on LinkedIn and Twitter, your target employer will likely give you a longer look.