Why Don’t Employees Pay for Unemployment Insurance?

Before you start calling me bad names, let me assure you that even Mr. ToughMoneyLove has sympathy for the unemployed.  I am so grateful that I am not one of them.  For any of you out there looking for a job in this awful economy, I truly hope you find one ASAP.  Just don’t assume that President Obama will dump one in your lap anytime soon.  (That’s a story for another day.) Read more

Sad Worlds Collide: The Unretired vs. the Unemployed

The dramatic rise in unemployment (over 500,000 jobs lost last month) may be combining with an equally dramatic drop in the value of retiree investment accounts (40% and counting) to create a perfect storm.  More specifically, the recently unemployed may be competing head-on with the newly “unretired” for many of the precious-few open jobs that will remain in our economy. Read more