Think that the Okies in the Depression had it good...
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This is the tragedy that keeps on giving to all of U.S.
Those 10 yrs older are opting for early SS, having no other options left. These people have NO options at all. Absolutely tragic.
In a UW hospital study a few years ago, they discovered, and proved, that people who have one significant life changing event - divorce, DUI, BK, job loss, parent V child Y partner loss - were far more likely to get seriously sick. Those who had two, more than doubled their likelihood of of getting ill. More than three and the stats went off the charts. And, if you DO have one, you probably WILL have more.
These people have been or will be destroyed. One or two generations totally lost. Terrible, and getting worse.
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From the WSJ
(and if THEY think this is bad, tis bad)
With no job prospects long before they can afford to retire -- and Social Security benefits still years away -- many unemployed workers in their 50s and early 60s are struggling to pay the bills, the mortgage, health-care expenses and college tuition. It's a scenario that was unimaginable to many just a few years ago.
Of the 14.9 million unemployed, more than 2.2 million are 55 or older, according to the U.S. Labor Department. And almost half of those have been unemployed six months or longer.
The unemployment rate in that age group is a record high 7.3%.
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Out of Work, Out of Options and Over the Hill
http://online.wsj.com/article/
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