In some ways it is easier to job hunt thanks to almost all job openings being available through the internet, but in some ways it is damned worse:
Layoffs have forced some older workers into retirement, yet fewer of them can fall back on traditional pensions that pay a steady monthly sum. Only 11 percent of active workers have a traditional pension, according to the Employee Benefit Research Institute. That's down from 50 percent in 1982.
Instead, more workers today have 401(k)-type retirement plans. Those have taken huge hits in this downturn. The Standard & Poor's 500 index fell as much as 57 percent earlier this year from its October 2007 peak and is still down about 32 percent.
I used to be able to bounce back after each layoff, but I haven't been able to this time. And I doubt I ever will.
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