You mentioned people getting laid off due to age, to avoid
SS exposure. (inferred, I believe)
No, my point is that these days it is common for big companies to lay off older workers. And it is uncommon for companies of any size to hire older workers. So you have a lot of people. age 60-plus, who are unemployed even though not due to their own choice or desire. Right now, at least they can start taking Social Security payments at age 62 if they need money
But they won’t have that option If the Social Security age gets raised to age 70 , as some Republicans have proposed. Millions of unemployed seniors will have to wait years - until their 70th birthday - to begin receiving Social Security, and many will struggle financially as a result
I can’t say that this won’t be a problem for some, because
there will be some people out there who will run into
something like this.
Clear back to the 1970s I was running into people who were
let go like this. It’s been a problem all along.
Today you’d be surprised how many job openings there are
even at fast food places. We’re talking $20 per hour plus
in some places, and some of them are even offering signing
bonuses of up to $500 dollars.
A lot of businesses are shuttering much earlier than
they used to, because they can’t staff their establishments.
This is probably a better time than many periods in the
past, even if someone is laid off.