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As Americans slowly return to work, older workers are finding the current economic situation much harder to navigate than their younger counterparts.Many large companies, including the airlines, are offering early retirement packages. For older workers, those buyouts come with uncertainty for their financial future.“These are tough times, especially for older workers,” said Susan Weinstock with the AARP.Weinstock’s concern is older workers are being forced out of work without enough saved for retirement. According to AARP, half of full-time workers experience job loss after the age of 50. It typically takes them double the time to get back into the work force as it does a younger worker, and even if they find a job, they end up making less money.For those over the age of 50 who have suddenly lost their job because of COVID-19, there's also less time to make up retirement savings that were lost.“We know saving through work is the best way to save for retirement, and when you don’t have that option it makes it a lot harder,” Weinstock said.Weinstock's advice if you're over the age of 50 and out of work is to use this time to upscale or re-scale. She suggests finding an online class. Showing employers that you're a lifelong learner can make you more marketable.“We want to make sure older workers are able to recover from this, along with everybody else in the economy,” Weinstock added.For those working from home, Weinstock recommends taking the money you might have spent on commuting and putting it into your retirement account. 1557
Aretha Franklin is surrounded by those closest to her as the legendary singer receives hospice care.A source close to Franklin tells CNN's Don Lemon the 76-year-old "Queen of Soul" is being visited by people close to her who are reading messages from friends and loved ones, holding her hand.The Rev. Jesse Jackson visited Franklin on Wednesday, said Rainbow Push spokesperson Chinta Strausberg.Stevie Wonder and her ex-husband Glynn Turman paid the singer a visit, Franklin's publicist Gwendolyn Quinn toldSocial media has also been flooded with tributes to Franklin.Former president Bill Clinton tweeted late Monday asking others to "lift" the ailing star."Like people all around the world, Hillary and I are thinking about Aretha Franklin tonight & listening to her music that has been such an important part of our lives the last 50 years," the tweet read. "We hope you'll lift her up by listening and sharing her songs that have meant the most to you."He joined a chorus of other famous voices, including Mariah Carey, Lin-Manuel Miranda and Chance the Rapper, who offered well-wishes and prayers for the the 76-year-old singer.Her popularity has spanned generations and some fans shared personal stories of having met the icon."I met Aretha Franklin when I was 9, my grandfather's gf was her close friend," one person tweeted. "They took me to a concert and remember watching her backstage with her fur and diamonds commanding the room like a boss. I just knew I wanted to be like that!" 1505
Andrew Giuliani, the son of President Donald Trump’s personal attorney Rudy Giuliani, and a White House official himself, has tested positive for COVID-19, he tweeted Friday.“This morning, I tested positive for COVID-19. I am experiencing mild symptoms, and am following all appropriate protocols, including being in quarantine and conducting contact tracing,” the tweet from the younger Giuliani’s official account reads. 430
As Americans slowly return to work, older workers are finding the current economic situation much harder to navigate than their younger counterparts.Many large companies, including the airlines, are offering early retirement packages. For older workers, those buyouts come with uncertainty for their financial future.“These are tough times, especially for older workers,” said Susan Weinstock with the AARP.Weinstock’s concern is older workers are being forced out of work without enough saved for retirement. According to AARP, half of full-time workers experience job loss after the age of 50. It typically takes them double the time to get back into the work force as it does a younger worker, and even if they find a job, they end up making less money.For those over the age of 50 who have suddenly lost their job because of COVID-19, there's also less time to make up retirement savings that were lost.“We know saving through work is the best way to save for retirement, and when you don’t have that option it makes it a lot harder,” Weinstock said.Weinstock's advice if you're over the age of 50 and out of work is to use this time to upscale or re-scale. She suggests finding an online class. Showing employers that you're a lifelong learner can make you more marketable.“We want to make sure older workers are able to recover from this, along with everybody else in the economy,” Weinstock added.For those working from home, Weinstock recommends taking the money you might have spent on commuting and putting it into your retirement account. 1557
As coronavirus rates rise in most parts of the country, many testing centers are inundated with new patients. Recently, the U.S. Food and Drug Administration (FDA) announced the authorization of a brand new rapid COVID-19 test that people can take themselves at home."I think that it’s better to have a faster test than a slower one. People tend to abide by the public health recommendation to self-isolate if they have actual data in a reliable timeframe. The danger is that we’re asking people to do this at home. It's not in a controlled setting like a laboratory," says Dr. Amber Schmidtke, a public health microbiologist.Dr. Schmidtke says there are still questions about how this new rapid at-home test will be interpreted by health officials."I actually don't expect them to report it. I would be surprised. You know, most people don't report a home pregnancy test to our Department of Public Health, for example. But I think this is going to be treated much in the same way as a home pregnancy test. You know, if you call your doctor and say, 'I tested positive at home,' they're going to repeat that test as soon as you come in," says Dr. Schmidtke.The test, which a doctor will have to prescribe, will provide valuable information to people, as long as it is administered correctly."What if they don't do it very well? You have to put it in your nose and rub it around both nares. You have to put it in, swirl it around 15 times. You have to let it sit there for 30 seconds. You have to know which button to read. There's lots of things that can go wrong and so if the test is misunderstood and you don't have a professional looking over your shoulder, it could result in some unfortunate things," says Dr. Stuart Ray, a professor at Johns Hopkins University and infectious disease expert.Dr. Ray hopes people will use the test correctly so that it really does help prevent COVID-19 transmission in the community."What if they use that to decide that they're now negative after exposure so therefore it's safe to go out before their isolation or quarantine ends. And the problem is, they're still in the incubation period so the test is negative but in fact they’re infected," says Dr. Ray.Dr. Ray says it will take time to understand how the test works, but it's exciting to have a new tool for the general public to use. 2340