Easier to hire someone younger. Also more expensive to insure older workers and their families.
It’s like this everywhere. Over age 50 is doomed. Then when you find another job, they pay you less because you’re over 50.
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No jobs out there if you are over 50.
I don’t feel bad for people over 50 who get laid off. By age 50 you should be smart enough to live within your means and have all your debt paid off. 50 is old.
My coworker had a huge mortgage, I think he said it was over $500k. He just bought last year in may of 2018, at the top of the market, he put very little down to be in a new home. He also remodeled a few rooms and put more money into an already overpriced piece of c-ap home on a tiny piece of land. He is going to realize really soon that he is not as smart as he thinks he is. Oh, yeah and he’s over 50, was a senior executive and still had no financial smarts. No wonder molson coors was dying, they employed stupid people who can’t even manage their own money wisely. Some of these senior execs that got asked to leave or were laid off are not smart. Just greedy, they want what they can’t afford. Smart people spend within their means and pay off debt by age 50. He’s also got 3 kids, two are still in college. I’m sure they are over their heads in student loan debt. What a terrible way to start life, with all that debt. Like I said, people who take out huge debt are not smart and should not be in senior executive positions.
The question is how can you be over 50 and not fear a layoff at some point. Everyone knows that when you hit 50, you’re on the list to be cut at some point.
"WHEN" you find another job? How about "IF" you find another job. Over 50 and looking for a job is brutal. That is all part of the plan to decimate the middle class in America. Just when you are at peak earning, you lose it all. And lets face it, no one is saving, everyone is spending beyond their means because borrowing money is cheap and no one ever thinks they will get laid off. Denver housing prices are way overpriced and many are going to find out they overpaid for a cookie cutter house that they cannot sell because they are still building new houses in every county. Forget about finding a job that pays more or the same as you were making at MC. The news is lying about the economy, its even worse than you can imagine. No one is hiring, unless you want a fast food job.
Time to get that for sale sign up before the housing collapse...
If you’re younger and laid off, you’ll survive, but you’ll never thrive. The good days are behind us.
Keeping up with and ahead of the Joneses’ (your friends and neighbors), is a full time job. Most people buy things they don’t need, more house than they need, more luxurious cars than they need, and then job loss happens and their entire house of cards falls. If you’re over 50 and this is you, it’s hard to feel sorry for you. The current economic conditions have been in the making for a very long time. And the writing was all over the wall at Molson Coors, quarter after quarter of bad news. You have to be a special kind of stupid to not have seen what was coming.
It’s bad out there. Worse than you can imagine on the job front. The numbers they report are false and the greatest economic recession is right ahead of all of us. Prove me wrong. Jobs are few and far between. The stock market will crash. By 2021 it will be a different world.
It boggles the mind how many over 50's have huge mortgages and spend like they have 30+ years to pay everything off. If you are over age 50 and don't have everything paid off and enough savings to survive a layoff, you were just another debt slave who bought things they couldn't really afford to impress people you didn't even like. By age 50, you should expect a layoff at some point in time, that is the way it goes and only the smart ones who lived below their means and actually saved money will come out okay.
Getting laid off in today's economic climate is a disaster as you will never make what you were making once you are over 50 and laid off. This is common sense, yet so many people set themselves up for financial disaster. Hope you enjoyed all those things you couldn't really afford.
I concur. Over 50 is a dangerous age in this economy.