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What is the individual American going to do for jobs,security and retirement in the near future?
NEW YORK (CNNMoney.com) -- Economists are getting more bullish on U.S. economic growth. But the benefits of the stronger economy are going to take a while to reach job seekers and homeowners. Kenneth Goldstein, a labor economist at the Conference Board, an executives association, predicts that unemployment will remain above 6% as late as 2014 or 2015. In fact, employment may never return to earlier levels, he forecasts, because businesses found it was profitable to cut jobs. "Some of those folks in their 40s and 50s may not realize it, but they are not going back to work, period," he says.
It'll get harder and it's like that 80s song: when the going gets tough the tough get going.
It's very sad, but I believe this to be very true. Our government has seen some outlandish results from this devastating economy. And unfortunately, some of the results they see will be used to further evaluate any future decisions for our economy and employment.
The times of relying on a job for a steady future are gone. I strongly believe that in order to create a substantial future for yourself and your family, a decision has to made at becoming a entrepreneur and problem solver.
Those that can become of the greatest service will be able to move forward and those that choose to rely on an employer will be always at their mercy.
Jobs,security and retirement ? Those things just do not exist anymore, especially if you're over 40.
by N. Ramius8 years ago
I wouldn't pay in and wouldn't collect in retirement. I wish they'd let me do that.
by whonunuwho5 years ago
If Social Security is unavailable in the future, what will the citizens aged 65 or older, do?Social security is estimated to keep 40%of Americans aged 65 or older our of poverty. What will happen if it is no longer...
by OLYHOOCH6 years ago
THIS SENIOR CITIZEN NAILED IT! E-mail just in.This is a Must read!!! This guy has it right!Alan Simpson, Senator from Wyoming , Co-Chair of Obama's deficit commission, calls senior citizens the Greediest Generation as...
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