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Tripped Up At The Finish Line: The Perils Of Unemployment After 50
+3
JaneWI
Jen
Quiethawk
7 posters
Tripped Up At The Finish Line: The Perils Of Unemployment After 50
http://www.huffingtonpost.com/2011/03/16/unemployment-after-50-long-term_n_835955.html
Quiethawk- Elite Poster
- Posts : 707
Join date : 2011-02-12
Re: Tripped Up At The Finish Line: The Perils Of Unemployment After 50
WASHINGTON -- Americans are more pessimistic than ever about theirQuiethawk wrote:http://www.huffingtonpost.com/2011/03/16/unemployment-after-50-long-term_n_835955.html
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.
Jen- Admin
- Posts : 1684
Join date : 2011-02-12
Location : Ohio
Re: Tripped Up At The Finish Line: The Perils Of Unemployment After 50
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."
"The EBRI survey found that 34 percent of workers said they'd dipped into savings to pay basic expenses in the past year."
JaneWI- Monster Poster
- Posts : 2298
Join date : 2011-02-13
Re: Tripped Up At The Finish Line: The Perils Of Unemployment After 50
They will become me.
nuttin2lose- Terrific Poster
- Posts : 1561
Join date : 2011-02-13
Re: Tripped Up At The Finish Line: The Perils Of Unemployment After 50
My savings are long gone
mrgolf- Monster Poster
- Posts : 4049
Join date : 2011-02-13
Location : Santa Rosa, California
Re: Tripped Up At The Finish Line: The Perils Of Unemployment After 50
And is anyone surprised? What else are we supposed to live on? They just don't get it.
njcookies- Elite Poster
- Posts : 590
Join date : 2011-02-13
Age : 74
Location : New Jersey
Job/hobbies : Cat Lady
Re: Tripped Up At The Finish Line: The Perils Of Unemployment After 50
My savings are gone, as well.
Guest- Guest
Re: Tripped Up At The Finish Line: The Perils Of Unemployment After 50
All this is wrong on so many levels that I don't even know where to begin.
JaneWI- Monster Poster
- Posts : 2298
Join date : 2011-02-13
Re: Tripped Up At The Finish Line: The Perils Of Unemployment After 50
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!
Thank you President Obama and Congress! New motto for America, Screw the little people now, for a better tomorrow!
js123- Premium Poster
- Posts : 256
Join date : 2011-02-13
Location : Illinois
Re: Tripped Up At The Finish Line: The Perils Of Unemployment After 50
I doubt that the President or any other polititian will use that mottojs123 wrote: New motto for America, Screw the little people now, for a better tomorrow!
mrgolf- Monster Poster
- Posts : 4049
Join date : 2011-02-13
Location : Santa Rosa, California
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