Boomers (In The Workplace) Are In Serious Trouble.

The older generation is fast approaching retirement, but the job market has had other plans for many of them. And once they get laid off, it's nearly impossible to find a job. Here's why and what they can do about it.

0:00 - the peak earning years
3:46 - what is happening to boomers
8:25 - what to do about this predicament
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[ELCHDA]

Must have decades of experience but you can't be old.

[TheBeachkitten]

There are no careers anymore, no loyalty, it’s always been merely about survival

[yacaattwood]

1958 Baby.

I worked 41 years in Information Technology - programmer, Unix Sysadmin, DBA. 60+ hour weeks, nights, weekends and holidays. I worked all during cancer treatment in 2018 - I still have the blue acrylic plaque recognizing my support.

In 2020, my position was outsourced; I knew getting another IT job would be difficult, so I decided on early retirement.

I’m thinking of the tragic story of Denise Prudhomme, the 60 year old Wells Fargo employee who died in her cubicle on a Friday and wasn’t discovered until the next Monday, four days later

[jenmck]

Oh, we GenXers were maligned and called "slackers" back when we were younger, too. All the generational war stuff is so dumb and divisive, we're all just trying to make our way in this ridiculous world. Instead of fighting each other, we should band together and try to make things better for each other!

[norrisheckwine]

Ageism in the workplace is not only alive and well, it is encouraged by government. The same government that wants to extend retirement age to 70.

[rebeccalaff]

This happened to my mom. It was really sad. She ended up doing retail for the last few years of her working life. She liked it and made friends and eventually was able to retire but she had a PhD and was top of her field before that. It really affected me seeing that happen. I would never consider working for a corporation or even someone else's business. They dump you like garbage, you are just a number to them.

[jeffdavies]

I turn 61 this month. I was laid off 2 years ago from my job doing software presales work (long time programmer). What I've been seeing is that the corporate mantra of "maximizing share-holder value" has gotten to the extreme. The money is increasingly concentrated on the few running a company and the other 95+% are all commoditized withy reduced pay. This culture of greed is out of hand.

[marysalmon]

Everyone here who is in their 40s and 50s, pay attention this is your future. Plan accordingly. Get out of debt, maximize your savings, this scenerio, unless you own the company, comes for most.

[strinPilot]

I’m not boomer, I’m gen X, I can’t put up with corporate hype anymore. The days when you go to work and just do your job are over. One of the things that I dislike the most is the monthly town halls where the useless, pointless managers prattle about their latest snake oil that has completely destroyed business effectiveness.

[richb]

This happened to my dad when he was 62-63 and his came home one day and said his job had decided they did not need him and he was let go.
I heard him and my mom talking that night. My dad was sure they would call him because he was the only one who knew how to do x-y-z and when they realize that they will rehire him.
Well he was part right. They did not want to rehire him but they wanted him to come in and train them. He said yea ok and threw out some outrageous number. They accepted and he went in and trained them. He liked it so much he spent his final working years as a freelancer. Made more in those last years than he would have if they did not let him go.
What started as a bad thing ended up being good for him. He kept doing that work well into his late 70s. Set his own schedule and took on what jobs he wanted.
The lesson here is always be ready to pivot. That hobby you have might just make you enough to be able to retire early instead of looking for a job in your 60s

[sydneyfabxoxo]

My dad worked for the same company for 35 years got fired around 2020. He sued and won 5 years of pay. He was expecting to retire with them after all his years of service but was stabbed in the back.

[Cygnusx]

When an F-150 costs $80k there’s something very wrong.

[Gumardee_coins_and_banknotes]

Everyone's a flight risk these days, because as you said "Loyalty is Dead and the Companies Destroyed it", then No Body Wants to Work Anymore.

[mystery]

I’m disgusted with the way corporate America treats people. I’m a younger Gen X, already laid off once and really don’t want to face dealing with it at an age where ageism is rampant.

[douglaswilkinson]

My antiquated mainframe skill-set has now provided me work in aerospace. Kids have no idea what JCL, COBOL, FORTRAN, etc. are (and don't want to know!)

[olencone]

I still remember how a recruiter reacted when they found out I was over 50 (I'm an X-Man! :P)... at first, they were all happy and excited to be working with someone with my experience, proficiency, and skills as a Graphic Designer -- then they either saw when I graduated high school or noticed the employment dates on all those big-name companies they had been gushing over five minutes earlier, and it was like a light had switched off... they were suddenly very cold and dismissive, saying things like "Graphic Design is a career for the young -- they have sooo much creativity!" and "You should be in management, not doing something creative."

I wound up just getting a Design job myself a few weeks later, because I knew I'd never hear another word from that recruiter -- and I was right. For something that's supposedly prohibited by federal law, ageism sure is a common thing here in the States :(

[stonetrooper]

Gen X here. Laid off from a large company 5 years ago. Literally everyone that was laid off was 40 and older. A few months later I see on LinkedIn that they hired someone in my same position but was just out of college. So they were able to pay her way less than what my years of experience got me. I applied to hundreds of online jobs that I was perfect for, maybe had 5 interviews, no job offers. I eventually just stopped trying because it was so futile.

[DK-ntnn]

This is going to be a huge issue for future generations. Babyboomers come from a generation where pensions were offered and homes were not just affordable but cheap. If boomers are having a hard time retiring, what do you think is gonna happen to the rest of us...?

We're gonna be screwed. High inflation doesn't allow people to save properly for retirement.

[woodrmp]

Moral of the story - assume you will not be able to earn an income after 60 and plan your finances accordingly

[carmenhealer]

My goal was to have mortgage paid off by 50 years old. Live way below your means. Cars should get you from A to B safely, nothing more. Keep up your health. I think all age groups are having it tough now.