The Pew poll found that the recession was having its deepest immediate impact on those in the “threshold generation,” ages 50 to 64. They were most likely to have suffered significant investment losses, and three-quarters of them said the recession would make it harder for them to afford retirement, a greater percentage than of either older or younger Americans.
But if that generation does end up working longer, workers in their 30s and 40s could find themselves facing more competition for jobs and promotions. Even if the recession does end this year, as the more optimistic economists forecast, the effects of it could be felt for years to come.
candles
Light one in your heart.... click on the photo to see a short video of burning velas.
caminante sign
IAES symbol
“The Windsor report. It’s just a report. When did it become like the Bible? The Covenant. Why do we need another Covenant? We have the Baptismal Covenant. We have the Creeds. What else do we need?” Bishop Martín Barahona, former Primate of la Iglesia de la Región de Central América and Bishop of the Iglesia Anglicana Episcopal de El Salvador
About Me
- Caminante
- I am a life-long Episcopalian, who has been ordained since 1993. I was rector of a family-size congregation from 1994-2008 and and ended three years as priest in partnership at a pastoral-size congregation in Vermont's fourth-largest city (Rutland) in 2011. Now I am vicar of a tiny congregation in the Green Mountains of Vermont. I am involved in church governance at the diocesan, church-wide and international Anglican levels. I was a member of a CREDO faculty team working with the clergy and lay leaders of l'Eglise Episcopale d'Haiti. I also try to go to El Salvador a few times a year and am officially Canon Missioner of the Anglican Episcopal Church of El Salvador (since 2004). In 2007, I finished the 1570 km Chemin de Saint Jacques/Camino de Santiago de Compostela. I greatly enjoy hiking in the Vermont Greens and NH Whites and reflect on those hikes. In 2010 I also completed walking the 273 mile-long Long Trail in the Green Mountains of Vermont... maybe next the Appalachian Trail? Lastly but most important, I am a cat-fanatic. (N.B. Whatever I post here does not reflect either the opinions of my congregation or of The Episcopal Church but merely those of an individual.)
Inspiration Pilgrimage
Photos and description of the Camino de Santiago/Chemin de Saint Jaques
la prêtre branchée
You said what???
Cats for Obama
Mooooo
One campaign
MDGs
Sisyphus
Life in Vermont
Free Zone
¡Gracias!, Padre Mickey
1 comment:
The first group you mention not only lost much of their investment for retirement but also lost jobs that will never be replaced because of their age. I pray employers will respect people with a work ethic and hire more older workers when the economy improves. For many the recession will yield no job then no house then no place to go. Upsets my stomach.
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