Friday 25 June 2021

Half of Costa Ricans Between 50 and 64 Are Unemployed

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.


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.

- Advertisement -

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-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.

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 -

We strive for accuracy in its reports. But if you see something that doesn’t look right, send us an email. The Q reviews and updates its content regularly to ensure it’s accuracy.

"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

Today’s Vehicle Restriction June 25: plates ending in 9 & 0 CANNOT circulate

Today, Friday, June 25, plates ending in 9 & 0 CANNOT...

The 20 Nicaraguans detained by the Ortega regime in 25 days

TODAY NICARAGUA – Despite international pressure and rejection, Nicaragua President Daniel...


Antivirus creator John McAfee found dead in Spanish prison cell

Q24N - You may not know John McAfee, of his eccentrics, but you are sure to have the name and may even have your...

Today’s Vehicle Restriction June 22: plates ending in 3 & 4 CANNOT circulate

Today, Tuesday, June 22, plates ending in 3 & 4 CANNOT circulate. The measure is countrywide and applied between 5:00 am and 9:00 pm, save...

Today’s Vehicle Restriction June 24: plates ending in 7 & 8 CANNOT circulate

Today, Thursday, June 24, plates ending in 7 & 8 CANNOT circulate. The measure is countrywide and applied between 5:00 am and 9:00 pm, save...

Preventive operations to protect tourists visiting the Guanacaste Conservation Area

QCOSTARICA - The Ministry of Public Security (MSP) and the National System of Conservation Areas (SINAC) joined forces to prioritize ecological operations, which aim...

American woman found lifeless in hotel bathroom in Sabana

QCOSTARICA - A sad discovery occurred this Thursday morning in a hotel located in La Sabana, in San José, the lifeless body of a...

Rodolfo Méndez rules out new contracts for MECO and H Solís

QCOSTARICA - No more soup for you! If the Minister of Public Works and Transport (MOPT), Rodolfo Méndez, has his way, the H. Solís...

Today’s Vehicle Restriction June 19: only “ODDS” can circulate

Today, Saturday, June 19, only vehicles with "ODD" ending plates CAN circulate The measure is countrywide and applied between 5:00 am and 9:00 pm, save...

OIJ investigation into road works corruption leads to inquiries in Panama

QCOSTARICA - The prestige of the company of some of the richest men in Costa Rica hangs by a thread. For many, the MECO...

Tourism sector depends on political will for recovery

QCOSTARICA - The future of tourism operators in Costa Rica depends on the political will to approve a package of bills that favors the...


Get our daily newsletter with the latest posts directly in your mailbox. Click on the subscribe and fill out the form. It's that simple!

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.