Rural Americans, particularly those aged 45 and older, face significant economic challenges, including long-term unemployment and the inability to cover unexpected expenses. Research indicates that many in rural areas struggle with poverty, with 61% unable to cover a $1,000 expense. Unemployment rates are high, especially for older workers, with 45% having been out of work for over two years. Despite these challenges, there is a readiness to embrace remote job opportunities, but innovative solutions are necessary to create these employment avenues.
Many of these folks are hurting. A house repair, a health emergency, car trouble: such all-too-likely unbudgeted costs are disasters waiting to happen.
Sixty-one percent of the individuals aged 45+ whom we surveyed say they would not be able to cover an unexpected expense of $1,000.
Unemployment, when it strikes, is a deep hole to fall into. And 45% of the unemployed in our survey have been out of work for more than two years.
Nor was it surprising to find that on the supply side, local economies simply aren't creating enough jobs.
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