Older Workers Report

The Precarious Economic Lives of Older Women Workers

December 7, 2017

Older Workers at a Glance...

  • 3.1% U-3 Headline Unemployment
  • 8.4% ReLab's U-7 Inclusive Unemployment Rate
  • $874 Median Real Weekly Earnings
  • 14% College-Educated Older Workers in Low-Paying Jobs

November 2017 Unemployment Report for Workers Over 55

The Bureau of Labor Statistics today reported a 3.1% unemployment rate for workers age 55 and older in November, a rate unchanged from October. This low aggregate number hides the prevalence of low-paying jobs among older workers, especially women.

Almost half (48%) of older working women without a college degree are working in low-paying jobs - earning less than $15 an hour - compared to 29% of similarly situated men.1 Older women without a college degree earn a median hourly wage of $15.50 compared to $18.75 for men.  

One reason older women work for low wages is that they lack bargaining power. Without a financial cushion (39% of older women have no retirement savings), people will likely tolerate poor working conditions and low pay. In her book, Nomadland, Jessica Bruder describes a group of people, mostly women, living in RVs and chasing seasonal work, including Linda. Bruder writes, "Her options for work would dwindle with age, rather than broadening to reflect her years of experience. There seemed to be no way off the treadmill of low-wage jobs. How would she ever afford to stop working?" Many of her subjects lost their jobs and savings in the Great Recession of 2007-2009.

Though many of Bruder’s subjects do not have college degrees, more education does not protect women from a gender wage gap that makes them more likely to work in low-paying jobs. In fact, older working women with college degrees are twice as likely as college-educated men to be in low-paying jobs (22% to 11%). 

To ensure all workers have a secure retirement, Congress needs to not only raise the minimum wage, but also enact Guaranteed Retirement Accounts (GRAs). GRAs provide retirement savings accounts to all workers as a supplement to an expanded Social Security program. The GRA’s $600 refundable tax credit and employer contribution ensure that even low-paid workers, a majority of whom are women, can afford to save for retirement.

1 SCEPA calculations using SIPP 2014 data
*Arrows next to "Older Workers at a Glance" statistics reflect the change from the previous month's data for the U-3 and U-7 unemployment rate and the last quarter's data for the median real weekly earnings and low-paying jobs.


Low-Paying jobs




 Percent without Pensions