If you are over age 50 and lose your professional job in these times - you may never have a professional job again...
Bottom line - I know how it works... Been there ... only absolute luck and perseverance got me out of it after Five Years...
If you are over age 50 - lost your job - then sober up - this is how bad it is ... take dramatic - even drastic action to change your lifestyle to reduce living expenses ... years will go by with no relief...
And it is worse now than when I went through it...
I have lots of advice - just ask...
Isn’t it amazing how hard it is for people over 50 to get jobs, regardless of the pay.
If you are over age 40 and haven't left the professional "job" behind to start your own business, you are in trouble. "Jobs" are for young, smart, cheap people. And Asia has lots of them.
I am not so sure now.
When I began saving for retirement (TSA) in my planning I supposed SS would no longer be available.
I did however plan on my pension.
I am not so sure of that anymore (I live in NJ and the state government has been robbing from it for years, and now the piper needs to be paid.
Would be interested in a general synopsis of your experience and what you learned from it. I am approaching 55 and have survived several downsizings, but they never seem to stop...
Unless you start your own company, and run the company that laid you off out of business!
Been there; done that.