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Labor Department announces funds for senior training
By Oscar Monfort on Jun 27th, 2010
Older people may have found that the recession has reduced their retirement income, forcing many to have to work later in life.
Recently the U.S. Department of Labor made available almost $596 million in funds to help provide job training for adults over the age of 55. The money is being made available to grantees that are a part of the Senior Community Service Employment program.
"At the U.S. Department of Labor, we are committed to ensuring older workers have access to the training and other professional services they both need and deserve," Labor Secretary Hilda Solis said.
The funds will help train more than 61,000 older workers, many of whom are unemployed or have low incomes. Eighteen national organizations - including the AARP Foundation, Easter Seals and the National Council on Aging - will benefit from the money.
Getting additional training and opening job opportunities to seniors may help them cope with retirement losses or debts they incurred during and after the recession. Furthermore, they may consider consulting with a consumer credit counseling service, which can help them map out a strategy for paying off bills.
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