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One of the challenge points on the Better World Books 2017 Reading […]
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-- There's a growing market for this book: 572,000 job cuts were announced over the first four months of 2001, versus 179,000 for the same period in 2000.
-- The number of people claiming unemployment benefits for more than one week is now at its highest level since 1992 (3.03 million people) -- Challenger, Gray & Christmas
-- The financial information that is available to laid off individuals is very limited and often generalized.
When employees are separated from their jobs, they are typically separated from their main source of income as well. Amidst the pain, anger, shock, and fear that typically accompany a layoff, there are many financial questions that need to be addressed, such as: How do I adjust my budget to continue living while unemployed? Do I qualify for unemployment compensation? What's the application process? What are the tax implications? Should I take a part-time job right away, devote my full time to finding another job, or use this time to increase my skills? Can I afford to keep my home? Will refinancing help? When should I think about selling it?
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