Just got off the phone with my brother. He got laid off. He's younger than I am but >50, much smarter and better educated, and held a senior position in a small division of a medium size corporation.
He is still fortunate, they do not live beyond their means, do have a substantial rainy day fund, positive equity in the house and the mortgage is reasonable. His DW works and his daughter just began graduate school (but chose a fully funded lesser rated option over the "top program in the country" school).
The US is a tough job market for middle aged and older people that work or want to.
He is still fortunate, they do not live beyond their means, do have a substantial rainy day fund, positive equity in the house and the mortgage is reasonable. His DW works and his daughter just began graduate school (but chose a fully funded lesser rated option over the "top program in the country" school).
The US is a tough job market for middle aged and older people that work or want to.