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Reply to "If you were to lose your job at age 55+, would you retire/dial back or look for another full-time position?"
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[quote=Anonymous][quote=Anonymous]I’m 57, spouse 59 and both in industries that are suddenly precarious (thanks, Trump!). We have retirement accounts, some savings, and a paid off house and If we get laid off we can retire and should be ok financially for ourselves in our lifetimes. But I worry about our kids (college age and just out). The economic future looks grim, stable jobs hard to come by, the cost of graduate education should they need it is high, the cost of buying a house and even a car very high. I hope we can keep earning and be able to help them out with grad tuition or a house down payment. The idea that kids should graduate from college and be “launched” and self sufficient seems like a luxury if a different era.[/quote] Get ready for the era of multi-generational household.. Luckily, in the USA we have big homes, could be worse..[/quote]
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