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Reply to "Typical American Career path - esp after 50"
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[quote=Anonymous]The problem is that many Americans 50+ didn't exercise the required financial discipline to maximize their investments starting in their 20s. They also didn't invest in themselves by taking on stretch projects, continuing their education throughout their careers, and constantly demonstrating their value to others. Now some would say that all is just "living to work". No, it's not. It's being vigilant and looking out for yourself instead of relying on others to look out for you. Newsflash - no one is going to look out for you unless you represent value to them, and they'll look out for you commensurate with that value. If you can't do something that someone 20 years younger than you can do, then you're far less valuable than someone with a unique, in-demand skill set. Getting laid off at 50+ sucks, and it sucks far worse if you didn't plan 30 years earlier for such an eventuality. But not all is lost. You need to grieve for a short time, then come up with a plan to take charge of your life. If you just want to keep working for someone else, then you'll have to accept much lower pay and benefits.[/quote]
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