Attending a conference just before the end of the year, I heard an alarming set of statistics: in the last 18 months, one quarter of Americans have funded their livelihood by using their savings, another quarter has lived off of credit cards, another 25% has used resources from family/friends.
What I see is that 50% of us are living off borrowed money, which may or may not be able to be paid back. That’s a bit scary. Add that to the idea that another 25% of us are dwindling our savings – that’s even more scary!
I ponder this against the question “Why are so many not in the workforce?”
I don’t have an answer. I suspect it’s truly a bunch of answers that make up the reasoning. Regardless, so many of us are trying to live without a steady stream of income.
It’s time to fix that. Those entering the workforce now have a great opportunity, since the market is still employee friendly. There are at minimum 4 jobs for every person seeking employment right now. Companies are looking for team members, are willing to train, and are open to discussing flexibility (in a number of ways). New protections and updates to minimum wages have gone into effect with the change of the year.
The equation is in your favor. Make the first move – apply!