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View Poll Results: What do you think of Social Security eligible unemployed folks in their 60s
They should retire and give unemployed young people a chance to work 10 22.22%
They should work until they can't anymore 23 51.11%
They should only work if their is a labor shortage in their field 3 6.67%
I don't know 9 20.00%
Voters: 45. You may not vote on this poll

Closed Thread Start New Thread
 
Old 01-24-2014, 07:29 AM
 
1,480 posts, read 2,795,087 times
Reputation: 1611

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There are tons of articles online highlighting unemployed folks. These stories try to personalize the story of unemployment by talking about individuals with their story and a picture.

Many of the stories about the unemployed have chosen to highlight someone my age (in their 60s) who are desperately trying to rejoin the workforce after an employment termination.

I am sixty two, and collecting Social Security and also living off an annuity that gives me a monthly income and other income from withdrawals from my 401K and dividends from investments, etc.

While I would love to rejoin the rat race and get back into a senior management position paying $100K again, it may not happen.

What do you think when you hear about unemployed people who are in their 60s? Please take my poll!

 
Old 01-24-2014, 07:41 AM
 
Location: Texas
14,975 posts, read 16,452,408 times
Reputation: 4586
They should do what works for them.
 
Old 01-24-2014, 07:48 AM
 
13,929 posts, read 5,614,791 times
Reputation: 8596
I don't feel sorry for anyone who still has control over their own life, and certainly don't feel sorry for people already getting 13% of my compensation as a reward for being old and still having a pulse, but who would like to have more than just what they take out of my paycheck and are having trouble securing six figure salaries.

I feel sorry for the parents of a little kid who gets cancer. That's a person to feel sorry for. Not someone living off saved wealth + the federal dole, griping that they want more.
 
Old 01-24-2014, 07:51 AM
 
79,913 posts, read 44,161,983 times
Reputation: 17209
It depends......did they vote for those who are making it impossible for them to live off their savings?
 
Old 01-24-2014, 08:44 AM
 
Location: Florida
33,547 posts, read 18,140,185 times
Reputation: 15524
There is age discrimination in this country. Many older unemployed people are passed over because of their age. Not everyone can retire in their 60's... their mortgage is still there to pay.
 
Old 01-24-2014, 08:44 AM
 
27,307 posts, read 16,210,815 times
Reputation: 12102
A choice not given is no.
 
Old 01-24-2014, 08:52 AM
 
Location: Foot of the Rockies
90,297 posts, read 120,685,448 times
Reputation: 35920
People in their 60s have every right to work if they want/need to. Lots of us in our 60s have just recently finished raising families and would like to put a little money aside for retirement. Some of us are still paying off houses. There is no reason to expect us to retire. The vast majority of us will know when it's time.
 
Old 01-24-2014, 08:53 AM
 
Location: Stuck in NE GA right now
4,585 posts, read 12,361,093 times
Reputation: 6678
I got laid off in '08 and after 2 1/2 years the only job I could get is a prn patient sitter job. I lost my savings through a 401k scam. The company I was working for CEO and CFO ran off with all of it to parts unknown. I picked my self up and worked as a real estate title examiner for peanuts but it was a job and we all know what happened to the real estate market.

I will need to work for the rest of my life as my SS isn't enough to live on. I'm skilled, college educated and very computer literate with the latest MS Office products and can't even get an interview. Legally they can't ask your age but all they do is call your HS and college for verification and ask when you graduated. So they DO know how old you are. In my area you fill out an online app and most don't allow for a resume. The ones that do I make sure it is correct for the job description...I have literally 50 base resumes. I've had a friend review them who worked in HR and has a masters in tech writing, so I know it's not the resume.

There is a big age discrimination issue for the older worker.
 
Old 01-24-2014, 08:56 AM
 
Location: TN/NC
35,051 posts, read 31,251,460 times
Reputation: 47508
I definitely feel for them, as I've watched my father get laid off from a decent factory job to a much higher stress and lower paying call center job. Their house isn't close to paid off, they have a car payment, and some other debt. At 56 and living in an area that is economically devastated, they will need every dollar they can get. There is going to be a crisis in this country of boomers literally homeless and starving on the streets. We ignore it at our own peril.
 
Old 01-24-2014, 11:16 AM
 
Location: Barrington
63,919 posts, read 46,702,516 times
Reputation: 20674
Quote:
Originally Posted by I'm Retired Now View Post
There are tons of articles online highlighting unemployed folks. These stories try to personalize the story of unemployment by talking about individuals with their story and a picture.

Many of the stories about the unemployed have chosen to highlight someone my age (in their 60s) who are desperately trying to rejoin the workforce after an employment termination.

I am sixty two, and collecting Social Security and also living off an annuity that gives me a monthly income and other income from withdrawals from my 401K and dividends from investments, etc.

While I would love to rejoin the rat race and get back into a senior management position paying $100K again, it may not happen.

What do you think when you hear about unemployed people who are in their 60s? Please take my poll!
Business is obsessed with lowering the cost of labor. This is nothing new.

Employers of business professionals tend to look for people with a 20+/- year work span ahead of them. They prefer to get someone with a few year's experience, who will work for less and, over time, may be more productive. This was as true 35 years ago, as it is today.

- A fellow boomer
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