One-Third of Older Americans Worried About Taking a Pay Cut If They Lose Their Job

An Economist/YouGov survey suggests older Americans are more concerned about taking a pay cut if they lose their job, reports YouGov . While 21 percent of adult Americans under 30 years old say it would be very hard to find a new job that pays as much as they are earning now, that sentiment is echoed by 23 percent of those aged 30 to 44, 30 percent of those aged 45 to 64, and 37 percent of those over 65 years old. New positions also are likely to be low-paying, with the U.S. Bureau of Labor Statistics noting that low-wage industries experienced the highest monthly increase in employment in July. Moreover, Americans over 45 are more likely to say they would probably have to take a pay cut if they lost their job.