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. Ramius 14 years ago
I wouldn't pay in and wouldn't collect in retirement. I wish they'd let me do that.
by whonunuwho 11 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 available for its deserving recipients?
by OLYHOOCH 12 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 he compared "Social Security" to a Milk Cow with 310 million...
by lady_love158 12 years ago
Once again power is Obama's number 1 priority. Homeland security, border security, economic security doesn't matter to Obama. All that matters is that he secure the latino vote because let's face it if he has to run on his dismal record he doesn't stand a chance! His motives are as...
by OLYHOOCH 11 years ago
A History Lesson on Your Social Security Card1934 - 1980With the elections just a little over 3 months away you'll soon be hearing some Democrats running for political office, warning how the Republicans want to take away the old people's Social Security. Just in...
by Patty Inglish MS 14 years ago
What are the implications for Americans if the Social Security system is eliminated?
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