Over 50, you need to be worried

From time to time, as I run across them, I will add articles here that I believe you need to be concerned about if you are the parent of a child and you want to provide for them into your senior years.

Got a family depending on you, Tough!

First, he went to an executive recruiter, who “informed me he was not in a position to try and help me. When I asked why, he informed me that placing someone over 50 was extremely difficult, but someone over 60 was almost impossible. In fact, he informed me that, should he present me, he would probably lose that client and most likely his job.”
Next, he tried a professional-staffing firm to fill a construction-management opening. Based on his resume,  he recalled that the staff told him “I was the best candidate, with unbelievable experience and a great fit.”
Bill was encouraged, despite the low pay offered. But the clients “felt that I was overqualified. They were afraid of me finding another opportunity and leaving in the middle of the project. I offered to sign a contract which would alleviate those concerns.” No reply.
Then he fell “about as low as one can go”: the job message boards. Bill answered requests for project cost-accountant positions — “basically, starting over.” No replies.

https://www.inquirer.com/philly/blogs/inq-phillydeals/385269-older-professional-over-60-hard-find-job-unemployed-20180222.html

International Business Machines Corp. has fired as many as 100,000 employees in the last few years in an effort to boost its appeal to millennials and make it appear to be as “cool” and “trendy” as Amazon and Google, according to a deposition from a former vice president in an ongoing age discrimination lawsuit.

The technology company is facing several lawsuits accusing it of firing older workers, including a class-action case in Manhattan and individual civil suits filed in California, Pennsylvania and Texas last year.

https://www.bloomberg.com/news/articles/2019-07-31/ibm-fired-as-many-as-100-000-in-recent-years-court-case-shows?

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