This NY Times piece is quite frightening:
Patricia Reid is not in her 70s, an age when many Americans continue to work. She is not even in her 60s. She is just 57.
But four years after losing her job she cannot, in her darkest moments, escape a nagging thought: she may never work again.
College educated, with a degree in business administration, she is experienced, having worked for two decades as an internal auditor and analyst at Boeing before losing that job.
But that does not seem to matter, not for her and not for a growing number of people in their 50s and 60s who desperately want or need to work to pay for retirement and who are starting to worry that they may be discarded from the work force — forever.
Since the economic collapse, there are not enough jobs being created for the population as a whole, much less for those in the twilight of their careers.
Of the 14.9 million unemployed, more than 2.2 million are 55 or older. Nearly half of them have been unemployed six months or longer, according to the Labor Department. The unemployment rate in the group — 7.3 percent — is at a record, more than double what it was at the beginning of the latest recession.
It really is just enough to make your blood boil. Millions of Americans like Patricia did what they were supposed to do. They worked their whole lives, were dedicated to a company, they lived within their means (as she must have, because she has been unemployed for years and is still in her home), and because of the economic downturn brought on by unprecedented greed of the FIRE crowd, she may spend the rest of her life barely making it, if she is lucky. There will never be enough job creation in the short term (3-5 years) to soak up all the people like her. Hell, the way things look, we may be at 10 percent unemployment forever.
Meanwhile, we’ve got a bunch of over-privileged whiny-ass titty babies bitching about their bonuses, and the Republicans, the glibertarians, and the blue dogs, all think the people who matter are the bonus babies. Not Patricia Reid. Meanwhile, that same crew of creeps is doing everything they can to extend tax cuts for the very rich while cutting large holes in the safety net that would protect her. It really is this simple- the Republican and glibertarian world view is that Donald Trump needs a tax cut, and Patricia Reid needs to wait until she is 68 or 70 to collect social security- at a reduced rate, because we “can’t afford it.”