Reply to Do you know anyone laid off for an extended period of time? What was their situation?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]My 68 year old brother in law got laid off in 2008 financial crisis at 51 and never worked a real job again. Did some Aflac type no sense to pretend to do something. To make matters worse his last good job was 2001 he lost in that recession. His peak salary was 2000 25 years ago at 43.

He “retired” at 65. Doubt he gets much SS [/quote]

You sound like the IL from hell. [/quote]

Seriously, the fact that you know this with this level of detail is kinda disturbing. Also you define all of your family by their jobs?[/quote]

I know as my sister got cancer during all of this and she had to keep working through it as on her medical and she was bread winner.

He also after 2001 when took big pay took a balloon interest only mortgage cash out put money in market  and guess what was a Bernie madoff type scam and lost all their money and equity in house and kids college fund.

My sister very bitterly worked till 65 and they had to relocate to a cheaper smaller house in a low cost area

His kids got burdened with student loans.

He actually had lawn service, got my sister a maid, babysitter in the 2003/2007 period before his Ponzi scene investment blew up.

The guy he invested with committed suicide as he also was pretending to have money to his wife and his wife also lost their home and savings.

I was mowing my own lawn, wife and I scrubbing toilets and he had a house triple my size back then. I always thought his parents were bailing him out. Never thought it was this 
[/quote]

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