For the Unemployed Over 50, Fears of Never Working Again

[Watchman]

For the Unemployed Over 50, Fears of Never Working Again

<---http://finance.yahoo.com/focus-retirement/article/110742/for-the-unemployed-over-50-fears-of-never-working-again?mod=fidelity-changingjobs&cat=fidelity_2010_changing_jobs

Motoko Rich
The New York Times
September 21, 2010

Patricia Reid is not in her 70s, an age when many Americans continue to work. She is not even in her 60s. She is just 57.

But four years after losing her job she cannot, in her darkest moments, escape a nagging thought: she may never work again.

College educated, with a degree in business administration, she is experienced, having worked for two decades as an internal auditor and analyst at Boeing before losing that job.

But that does not seem to matter, not for her and not for a growing number of people in their 50s and 60s who desperately want or need to work to pay for retirement and who are starting to worry that they may be discarded from the work force — forever.

 

[silliporean]

Singapore like the Americas and Europe is a graying society with 60% of the people whom are 40-50 years of age. Come 10-15 years later, the majority of our population are made up of grandpa and grandmas, our Government still have not come out with any laws to protect her graying citizens instead they are bring in Foreigners to fill that gap.

The way I see it, Singaporeans will be short changed forever with the influx of young foreigner into the workforce and with no social security payout, even a hawker center table cleaner job will be contested fiercely amongst us in the future not too far away...

I hope I am wrong..