Thursday 16 September 2021

Half of Costa Ricans Between 50 and 64 Are Unemployed

Paying the bills

Latest

Italy to bring in vaccine passes for entire workforce

ROME — Italy is to require the country's entire...

Number of minors victims of the pandemic in Costa Rica reaches 19

QCOSTARICA - A baby of one month and 20...

CCSS activates ‘vacunatón’ against covid-19

QCOSTARICA - Starting this Friday, and for 10 days,...

MOPT eliminates driver re-education for points accumulated in license for violating vehicle restriction

QCOSTARICA - Drivers who were sanctioned for violating the...

Costa Rica celebrated its 200th!

QCOSTARICA  - The 200 years of the Independence of...

Legislator Melvin Núñez, who rejected the vaccine, hospitalized

QCOSTARICA - Restauración Nacional party legislator, Melvin Núñez, who...
Paying the bills

Share

QCOSTARICA – While the national unemployment rate hovers around 10.1% (in the first quarter of this year), for Costa Ricans over 50 years of age the rate is almost 50%.

Aaccording to Global AgeWatch Index 2015 that ranks countries by how well their older populations are faring, in Costa Rica only 53.2% of people between 55 and 64 have jobs. This is one of the lowest in Latin America, where the average unemployment in that age group exceeds 65%.

This age group is in a jackpot, given that they have yet to reach the age to collect a pension and most finding difficulty in making voluntary pension contributions, since they are not employed.

- Advertisement -

“I lost my job at age 57 and there was no way to find another job, my family had to help me make the voluntary pension contributions, and that is why I have a pension today,” Mariano Mora, now 66, told La Nacion.

In contrast Panama has an employment rate of 98.3 per cent for people aged 55 to 64, partly due to the constraints of a low retirement income.

global-agewatch-index-2015-insight-report541

The Global AgeWatch Index ranks 96 countries according to the social and economic wellbeing of older people. The top five of the Index Rank is Switzerland, Norway, Sweden, Germany and Canada; at the bottom are Pakistan, West Bank & Gaza, Mozambique, Malawi and Afghanistan.

In Central America, Costa Rica (28) is behind Panama (20) and way ahead of Nicaragua (57), El Salvador (54), Guatemala (59) and Honduras (82) at the bottom for the region.

global-agewatch-index-2015-insight-report53639
global-agewatch-index-2015-insight-report53638According to the report, the 18 Latin American and Caribbean countries in the Index represent 7.3% of the world’s older population. The proportion of older people across Latin America and the Caribbean varies markedly. In general, there is a correlation between the proportion of older people and their index ranking. For example, countries with higher proportions of older people such as Chile (21), Uruguay (27) and Argentina (31) are higher up the index.
global-agewatch-index-2015-insight-report53640

- Advertisement -

However, the exceptions include Costa Rica and Panama which have higher rankings but low proportions of older people, according to the report.

Marta Zamora, Minister of Labour and Social Security (MTSS), assures that they have several action programs to assure employment for people over 50.

Within these actions is an employment board,  support and awareness actions for companies to hire older people.

Zamora added that older people have several problems to face in the job market: their looking old, lack of language skills and computing knowledge. “Many were already at an advanced age (‘grandecitos’) when the avalanche of technology came along and this leaves them at a disadvantage”, said Zamora.

- Advertisement -

- Advertisement -
Paying the bills
Ricohttp://www.theqmedia.com
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

Italy to bring in vaccine passes for entire workforce

ROME — Italy is to require the country's entire workforce to...

Number of minors victims of the pandemic in Costa Rica reaches 19

QCOSTARICA - A baby of one month and 20 days died...

Subscribe to our stories

To be updated with all the latest news, offers and special announcements.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.