Out living your pensions, we, who had a good pension 20 years ago when we retired, have seen our monthly pay slowly drain away. With a pension there is no savings and the saving we had when working also slips away to make up the difference in our pension shortcomings. This is if we were lucky enough to stash money away while working and not experiencing any major setbacks, like an illness, house fire, or natural disaster. Just keeping with repairs on a house can be drain a budget even if you are skilled enough to have the health and knowledge to do the repairs yourself and not have to hire someone to do the work for you or let your largest investment deteriorate, which will impact the value on your house should you need to sale it. So, what can a person do to compensate their income? If they are lucky and have good health, they might be able to find a job, but a job that compensates a 65 to 80 year old for their knowledge and experience might be difficult to find. If you can find a...
This blog is a quick read about concerns, whether local or international, facing union and non-union workers.