As if things weren't bad enough with the sequester and congress wanting to slather on more cuts to social programs, it appears the world economy is about to tank in the next six months or less. It doesn't take a rocket scientist to figure it out. The last go round the bulk of 50 plus somethings were thrown out of work with economic shrinkage and down sizing. Those that did managed to make it back into the game had to settle for far less wages with little to no benefits. Those just starting out faced grim prospects as well. Saddled with student loans and a shrinking market many were forced to take whatever they could get which wasn't much. They're now stuck at home waiting for the big break to move out of the nest but that may not happen any time soon.
I bulk at people who say they can find work in this current state. Yes there are scraps of work here and there but not enough to be consistent and not enough to cover the bills. Even a ten dollar an hour job will not leave you with enough left over after paying the gas to get there to survive. We face a lost generation that will never see the dreams we once had of home ownership and raising a family. It's all perpetuated by greed at the top and an unwillingness to part with even scrapes to the masses. But it will all back fire when there's no one left to fleece of their last dollar. First they took our jobs away then came the house. The bulk of savings has been eaten up just to keep going and now it's the retirement funds if those weren't already wiped out when the job was shipped overseas. Only thing left then is social security which will become insecurity should they get their hands on it.
No I see no good things for the near future no matter what type of smiley face they try and put on it. Fridays were once a joy. Now they're just another day. One day closer to the end of the month and another cycle of bills to pay.
Don't take my word for all this even those at the top in the game are saying the very same things: