This entry was posted on Thursday, June 25th, 2009 at 8:11 am and is filed under 21st century, job loss. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
WSJ Reports: Laid-Off Exec Living on Less in the City
Don’t miss today’s WSJ story:
Downwardly Mobile: Living on Less in the City
This story really hit me hard. A 58-year-old woman was laid off several months ago. She can’t get a new job so she’s scrambling to live on her unemployment benefits. I admire her spirit. I also like her tips for economizing.
What the WSJ doesn’t tell us: If you are over 50, you face tough odds of being hired. I won’t be negative and say it’s impossible. But I think you might consider self-employment as a realistic alternative.
Unfortunately, today’s unemployment compensation laws insist that you must keep looking for a job if you want to get benefits. These laws were designed for a time when unemployment was temporary and seasonal. They were not designed for a time when your job disappeared (along with your industry, in some cases).
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