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Most users ever online was 51 on Thu Feb 17, 2011 2:04 pm

Tripped Up At The Finish Line: The Perils Of Unemployment After 50

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Tripped Up At The Finish Line: The Perils Of Unemployment After 50

Post by Quiethawk on Wed Mar 16, 2011 4:51 pm

http://www.huffingtonpost.com/2011/03/16/unemployment-after-50-long-term_n_835955.html
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Re: Tripped Up At The Finish Line: The Perils Of Unemployment After 50

Post by Jen on Thu Mar 17, 2011 11:50 am

Quiethawk wrote:http://www.huffingtonpost.com/2011/03/16/unemployment-after-50-long-term_n_835955.html
WASHINGTON -- Americans are more pessimistic than ever about their
retirement prospects, with 27 percent of all workers saying they are
"not at all confident" about retirement, according to a yearly survey
released Tuesday by the Employee Benefit Research Institute, a nonpartisan think tank. That's a 5 percent increase from a year ago.


What's worse is that some of the people who should be looking forward to retirement the most don't even want to think about it.

Jayne Dunn, 55, said she’s been out of work since December 2008, when
she lost her job as a landscape designer in Cheshire, Conn. She
described her job search as "demeaning, demoralizing, just desperately
awful" and said thoughts of retirement are forbidden. "You just don’t do
that," she said. "You just think kind of day to day."


Dunn told HuffPost she's already used up the $5,000 that remained in
her 401k when she tapped it in 2009. The EBRI survey found that 34
percent of workers said they'd dipped into savings to pay basic expenses
in the past year.
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Re: Tripped Up At The Finish Line: The Perils Of Unemployment After 50

Post by JaneWI on Thu Mar 17, 2011 12:15 pm

What are these people going to do after they run out of savings to pay for basic expenses?

"The EBRI survey found that 34 percent of workers said they'd dipped into savings to pay basic expenses in the past year."
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Re: Tripped Up At The Finish Line: The Perils Of Unemployment After 50

Post by nuttin2lose on Thu Mar 17, 2011 12:35 pm

They will become me.

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Re: Tripped Up At The Finish Line: The Perils Of Unemployment After 50

Post by mrgolf on Thu Mar 17, 2011 1:02 pm

My savings are long gone
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Re: Tripped Up At The Finish Line: The Perils Of Unemployment After 50

Post by njcookies on Thu Mar 17, 2011 2:12 pm

And is anyone surprised? What else are we supposed to live on? They just don't get it.

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Re: Tripped Up At The Finish Line: The Perils Of Unemployment After 50

Post by Guest on Thu Mar 17, 2011 2:12 pm

My savings are gone, as well.

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Re: Tripped Up At The Finish Line: The Perils Of Unemployment After 50

Post by JaneWI on Thu Mar 17, 2011 2:15 pm

All this is wrong on so many levels that I don't even know where to begin. Sad
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Re: Tripped Up At The Finish Line: The Perils Of Unemployment After 50

Post by js123 on Thu Mar 17, 2011 2:43 pm

The truth is finally coming out, after 50 you are all washed up. If you go back to work, employers want to pay minimum wage. Isn't $9.00 or $10.00 salary enough to support yourself? If this salary isn't enough get another job or better yet get 2 more to support yourself. Kill yourself working, this way you will die before you claim Social Security. Everyone has been screwed not only seniors.

Thank you President Obama and Congress! New motto for America, Screw the little people now, for a better tomorrow!
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Re: Tripped Up At The Finish Line: The Perils Of Unemployment After 50

Post by mrgolf on Thu Mar 17, 2011 2:47 pm

js123 wrote: New motto for America, Screw the little people now, for a better tomorrow!
I doubt that the President or any other polititian will use that motto Smile
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Re: Tripped Up At The Finish Line: The Perils Of Unemployment After 50

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