The topic of this thesis is the financial aspects of unemployment among older workers as a result of the Covid-19 pandemic. More precisely, the paper analyzes the financial circumstances of households of people aged 50 and over who became unemployed or had to work reduced hours due to the economic consequences of the crisis. The specific goals of the thesis are to investigate the characteristics of older workers who lost their jobs due to the Covid-19 pandemic, to determine differences in the financial situation and education of older workers, and to compare the level and role of financial support (e.g. from the state, employers, etc.) in different European union (EU) member states. It is to be expected that the time of the pandemic further worsened their working status. The paper will also carry out a special analysis of the labor market in EU countries during the Covid-19 crisis. The analysis will be focused on the connection between unemployment and financial difficulties that arose during the pandemic, with a special emphasis on measures to preserve jobs and stabilize the financial situation of households. In order to investigate the main objectives of the thesis, data collected during the summer of 2020 as part of the "SHARE Corona" research will be used. Also, due to the fact that the world labor markets throughout history have often been characterized by collective layoffs of workers, most often caused by economic crises (an example from recent history is the global financial crisis of 2008), the paper will also present a comparison of unemployment between these two crises, with a special focus on working age population over 50, who, according to research, are generally a more vulnerable group on the labor market. The results indicate that the Covid-19 crisis caused a dramatic and rapid increase in unemployment, but the economy showed flexibility and the ability to adapt to the crisis. The "SHARE Corona" analysis additionally confirms the importance of safely preserving jobs for the most vulnerable groups on the labor market, with the aim of ensuring their existence and increasing resistance to the effects of the crisis. Maintaining stable jobs for this population plays a key role in protecting their financial and social well-being in times of crisis.