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Numbers recently out, show 63% of working age people are not working....
How does that equate to 8% unemployment numbers?
Seems a more accurate number would be 63% unemployment.
I'm not counted in the unemployed numbers, I've retired. Three of my children are not counted in the unemployment numbers as they are in school full-time and not looking for work. We are all counted among the 63% working age non-participants in the work force. I am a little troubled that my 16 year-old daughter is considered in that percentage, I think kids still attending high school ought to be part of a different set of stats. Bottom line, in my little family, we have only a 33% participation rate in the workforce and none of us fit in the definition of the unemployment numbers..
All sorts of reasons for the 63%. Retired, students (high school or college), stay-at-home parents/spouses, disabled persons, etc. Then there are people who work under the table without reporting the job or income... and then you have those people whom are just too lazy to even look for work, who leech off of family and/or friends.
Technically, they're all "unemployed" according to the government, but many of them can't or don't want to work and thus don't get counted for the statistic.
That said, I, too, am retired, but I retired more or less by force when my employer shut its doors for good. That seemed like a good time, as I was eligible for Social Security. So I called myself retired and started collecting money I'd paid in all those years.
Life is good!
I made it through the Carter years when all around me, people were losing their jobs. I am glad I don't have to worry about it through the 0bama years.
That said, I, too, am retired, but I retired more or less by force when my employer shut its doors for good. That seemed like a good time, as I was eligible for Social Security. So I called myself retired and started collecting money I'd paid in all those years.
Life is good!
I made it through the Carter years when all around me, people were losing their jobs. I am glad I don't have to worry about it through the 0bama years.
The Carter years were horrible but I am beginning to think this round may ellipse them, it's definitely going to last longer, mainly because we kept the same administration in place despite the economic climate.
So I called myself retired and started collecting money I'd paid in all those years.
Life is good!
You're welcome.
(Barring an unfortunate illness or accident, there's no way you'll be collecting only the money you paid in -- you will almost certainly collect double or triple that amount or more, courtesy of those of us who are paying into the system now.)
That's great... the number not working. My parents are not working. I hope to not be working some day. It's great that such a large number of people can achieve this.
So lets see the people born in 1948 turn 65. The people born in 1958 turn 55. If they all started working between 1970-1980 they have between 43-33 years in the workforce. Yeah I would say that is the reason why there is a large number of people not looking for work.
(Barring an unfortunate illness or accident, there's no way you'll be collecting only the money you paid in -- you will almost certainly collect double or triple that amount or more, courtesy of those of us who are paying into the system now.)
Well the same is true for the retirees of the last (in my case) 33 years, who I paid for gladly. I see that as a non issue as thirty years from now today's 20-30 year olds will be retiring.
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