Comments on: Older unemployed workers half as likely to get hired http://blogs.reuters.com/reuters-wealth/2011/01/14/older-unemployed-workers-half-as-likely-to-get-hired/ Fri, 05 Dec 2014 11:27:18 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: lynndavidnewton http://blogs.reuters.com/reuters-wealth/2011/01/14/older-unemployed-workers-half-as-likely-to-get-hired/comment-page-1/#comment-7910 Sat, 10 Sep 2011 13:56:20 +0000 http://blogs.reuters.com/prism-money/?p=5608#comment-7910 I’m age 68, formerly middle- to upper-middle class with two long and successful careers behind me. I lost my job unexpectedly in March 2009, nearly two and a half years ago, and have not worked since, nor am I in a position to just retire. It’s a crisis, that’s for sure.

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By: ArtNMD http://blogs.reuters.com/reuters-wealth/2011/01/14/older-unemployed-workers-half-as-likely-to-get-hired/comment-page-1/#comment-2668 Thu, 03 Feb 2011 08:41:25 +0000 http://blogs.reuters.com/prism-money/?p=5608#comment-2668 Its sad to experienced the truth. but there is always an options for micro livelihood programs. May be the law maker should go look into, to make it doable.

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By: vsheehan http://blogs.reuters.com/reuters-wealth/2011/01/14/older-unemployed-workers-half-as-likely-to-get-hired/comment-page-1/#comment-2284 Tue, 18 Jan 2011 15:48:03 +0000 http://blogs.reuters.com/prism-money/?p=5608#comment-2284 What is life like for the new older generation?S Is it the doom and gloom of Reuters or the rainbow and sunshine of CSM.
http://www.csmonitor.com/World/Global-Is sues/2011/0116/How-retirement-is-being-r einvented-worldwide

I think it sucks anyway you look at it.

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By: SanPa http://blogs.reuters.com/reuters-wealth/2011/01/14/older-unemployed-workers-half-as-likely-to-get-hired/comment-page-1/#comment-2281 Tue, 18 Jan 2011 11:46:12 +0000 http://blogs.reuters.com/prism-money/?p=5608#comment-2281 Yep, all of the above.

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By: DisgustedReader http://blogs.reuters.com/reuters-wealth/2011/01/14/older-unemployed-workers-half-as-likely-to-get-hired/comment-page-1/#comment-2275 Tue, 18 Jan 2011 03:12:24 +0000 http://blogs.reuters.com/prism-money/?p=5608#comment-2275 Make a choice: (a) Social Security is not an entitlement program, therefore, making paying Social Security tax strictly voluntary and warn people they are not guaranteed a dime upon retirement; or (b) Social Security is an entitlement program, therefore, continue forcing people to pay Social Security taxes with the guarantee they will receive the amount shown on their periodic Social Security statement mailed to them.

Obviously, sending people periodic account statements from the Social Security Administration showing if they have maxed out, what they payed into the system their entire careers, and their monthly entitled amount, can only work in a civilized society if it’s true. Otherwise, why can’t banks simply lie to people, send them bank statements with the amount they put in, then one day decide to simply close their accounts and say, “Sorry, but we had other plans for your funds, so your account is closed.”

Our times are peculiar because we want it both ways. We want our cake and eat it too. That’s human. That’s like an employee stomping their feet and screaming, “I want my salary raised to $10 million a year because the CEO makes that much!!” Doesn’t mean that employee will get squat except a swift kick out the door, but hey, we can stomp our feet and demand anything we want.

With Social Security, protesting will not change the fact that Social Security sends account statements to millions of people whom each paid upward of three quarters of a century and have a file cabinet full of Social Security financial statements. Social Security is like a bank account in that way; compare a SS statement to a bank statement and there no substantive difference (just a unique statement format). Defaulting on SS monthly payments to retirees is no different than defaulting on 401K plan monthly payments, except that Uncle Sam is immune from prosecution in the former case.

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By: donaldjb http://blogs.reuters.com/reuters-wealth/2011/01/14/older-unemployed-workers-half-as-likely-to-get-hired/comment-page-1/#comment-2274 Tue, 18 Jan 2011 02:07:39 +0000 http://blogs.reuters.com/prism-money/?p=5608#comment-2274 Working beyond “52” at GM was, “good luck and fat chance”, back in the late 80’s and early 90’s! I’m confident, the writing was on the wall, forecasting the demise of that corporation. It became inevitable that something drastic would happen. Each and every contract the UAW negotiated, had demands GM honored and at each and every contract, the salary employees lost more and more. At the last contract under the okd GM, there was nothing more to take away or cut, other than employees, since a hiring freeze was on, & car sales were very slow and the entire countrys economy was slowing down to depression proportions.

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By: Homeward_bound http://blogs.reuters.com/reuters-wealth/2011/01/14/older-unemployed-workers-half-as-likely-to-get-hired/comment-page-1/#comment-2268 Mon, 17 Jan 2011 23:38:12 +0000 http://blogs.reuters.com/prism-money/?p=5608#comment-2268 Social Security is the ultimate Ponzi Scheme. I have no idea why no one has said this before.

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By: everyone http://blogs.reuters.com/reuters-wealth/2011/01/14/older-unemployed-workers-half-as-likely-to-get-hired/comment-page-1/#comment-2267 Mon, 17 Jan 2011 22:42:56 +0000 http://blogs.reuters.com/prism-money/?p=5608#comment-2267 A nicely written article. Trouble is no one over 50 ever gets hired for anything unless it’s a million/yr+ gig. Everyone else is cooked.

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By: Robert76 http://blogs.reuters.com/reuters-wealth/2011/01/14/older-unemployed-workers-half-as-likely-to-get-hired/comment-page-1/#comment-2249 Sat, 15 Jan 2011 03:02:59 +0000 http://blogs.reuters.com/prism-money/?p=5608#comment-2249 I love how people like to call Social Security an “entitlement program.”

Do we all not pay into this fund similar to a private retirement system. With the constant racheting up in retirement age, a good many workers will never get all the money out that they paid in to the “system.”

An then there is the constant raiding of the “piggy bank” by virtually every congress since it was created. And they leave IOW’s in the form of Treasury Notes for all the money taken to balance budgets.

How about govt pay back what they have taken, and quit embezzling our retirement funds?

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