THE NEW MIDLIFE CRISIS But once people hit midlife, the good times are over. >SHORTER PRODUCTIVE LIFE: It used to be that we work for 40 years, between the ages of 25 to 65, and retire for the next 20 years. Now things seem to be reversed. The new generation may find themselves lucky if they have gainful employment in the first 20 years and may struggle in the next 40 years to survive and retire. >UNCERTAINTY AND INSECURITY: There is a thin line between employed, unemployed, under-employed and full-time temps. Job security is the thing of the past. The average time an employed person spends at one particular job is 4.4 years. Many of the new jobless rebrand themselves as consultants. >STRUGGLING SMALL BUSINESS: From food to furniture to fitness, small businesses with limited capital and know-how face incredible challenges to compete with big chains and large distribution systems. Ironically, even owning a franchise no longer guarantees profits. THE NEXT CRISIS IN OUR LIVES IS THE RETIREMENT CRISIS! source: Wall Street Journal, The Other Midlife Crisis, June 21, 2011 bls.gov, Economic New Release: Employee Tenure Summary, 2010 Newsweek, Dead Suit Walking, April 17, 2011
Posted on: Sun, 18 Jan 2015 22:44:51 +0000
Trending Topics
Recently Viewed Topics
© 2015