Getting laid off is scary. If you're past your prime hiring years but not yet able to retire, it can be downright terrifying.
Data have shown that people over age 55 are reemployed at a substantially lower rate than those 54 years old and younger. According to the U.S. Bureau of Labor Statistics, as of January 2014, the reemployment rate for 55- to 64-year-olds was 53 percent, compared with 68 percent for 25- to 54-year-olds. For the 65-plus crowd, the rate was just 23 percent.
To make matters worse, if you're over 55, there's a good chance you may also be helping your children with tuition or other expenses, financially supporting aging parents or possibly dealing with medical costs of your own. Or possibly, all of the above.