Unemployed at 62, his plight may be a sign of the times (Barf alert!)

bostonherald ^ | 3-11-03 | Margery Eagan

[Alouette]

Lots of good apartments in the Detroit suburbs for $500 to $800 a month.

Lots of nice homes for less than $100,000.

I can't understand how anybody (who is in "risk management" yet) would not have bought a home 30 years ago. They would have owned it free and clear by now.

[Palladin]

Oh, no--not this sob story again! (There was a thread last week).

Hey, Mister, get a job, get a life, send the old lady out to work.

Many of us have been there, done that. We didn't alert the media.

[JohnGalt]

Everything about this article is a lie. I'd be surprised if the guy even exists.

Ah yes, and welcome to Boston liberal columnists.

[RightWhale]

Add J. C. Penney. And Bucky Fuller. And Grandma Moses.

[Nov3]

The job market is worse than it has ever been.

[clamper1797]

After nine months out of work and having lost most of MY life savings inluding a "safe" 401K in the three stock market crashes, I am back to work at a job which pays about $40,000 less than I used to make. I AM one of the fortunate.

It has however left me with this attitude ...

Though I would normally would not wish evil on anyone .. there are some out here NEED a little taste of the current economic situation

[ThinkDifferent]

Or it's called ...lost my hard earned responsibly saved retirement money (401K) in the stock market crashes

Someone who's been investing in a balanced portfolio over the last 10 years or longer will still be substantially ahead. Sounds to me like this guy had very little savings in the first place.

[JIM O]

Margery Eagan is among the worst writers in the USA. She hates America, the Catholic church and everything else

[u-89]

Why the barf alert? The only thing I see wrong here is he seems to think politicans can solve the problem though he admits the current crop doesn't have solutions. But then most Americans today don't see how government has caused the problems.

Other than that there are plenty of people in his postition or worse. It is very difficult for white collar folks to get a job if they are middle age, at his age it is impossible. This is not unusual. I know chemists and engineers, etc who are now stocking shelves in Kmart because they can not get work in their field, even for a big cut from the old salary. Around where I live many older folks have had to sell their homes and leave their communties where they spent their entire lives because they have been taxed out of the area. That's not leftist propaganda, that is how life is for some folks.

[freeper12]

>>I don't understand why there is no sympathy for this man on this thread

There is some, its the the juveniles on the thread the somehow make themselves feel better by spitting on those down on their luck...sounds to me like the guy worked his whole life, and now finds him out of work probably for the first time in 45-50 years and doesn't have enough put aside to retire at 62...what a slouch...a true parasite on society...

Most of the smart-ass attitudes on this thread are just one layoff notice from a complete attitude adjustment.

[jayef]

Says who?

[bert]

He is unemployed by choice.

He is too lazy to do anything but sit in an office where he can no longer function.

[RobRoy]

Middle management is supposed to be a rung in the ladder on the way to the top. It is a very uncomfortable place to find yourself when a company is cutting back.

[LadyDoc]

Not enough to pay their $2,000 monthly rent and $1,200 health insurance,<.I>

DUH.

Try cheaper housing, to begin with. Maybe in New Hampshire or near Worcester.

In Oklahoma, you can buy a house for 20 000.

[mj1234]

That is correct!! notice , he stillll.. wants an insurance
management job! and cannot figure out why people do not
want to hire him! They were going to help their daughter adopt? only in America, you can remain a duffuss your
whole life- and then complain at 62 that life is not treating you right.

[clamper1797]

I invested in a "top of the line" portfolio for 20+ years ... guess what ..........

[babygene]

"Not enough to pay their $2,000 monthly rent and $1,200 health insurance, never mind food or heat or gas."

This sounds like BS to me.

[clamper1797]

Most of the smart-ass attitudes on this thread are just one layoff notice from a complete attitude adjustment.

AMEN !!!!!

[Larry Lucido]

And Harlan Sanders. Franchised a fried chicken recipe after he was 65 years old.

[RobRoy]

>>I can't understand how anybody (who is in "risk management" yet) would not have bought a home 30 years ago.<

Lost mine in a divorce. Actually, pretty much lost everything. I am starting over. This time I'm on the fast track though!