New
#50
Yeah, it really truly does suck.
My neighbor was diagnosed with cancer 2 years ago. He was about 10 years from retirement and had everything all lined up. Well, he lost his job, and doctors won't release him to go back to work. So, he's paying a ton each month for Cobra, had to sell some of his valuables, drained his 401k to keep his mortgage current and now is basically stuck in his small home and has next to nothing left to retire on.
My dad lost his job a couple of months ago due to downsizing and having the least amount of seniority in his position (only 13 years). He's 62, and my mom is 59. My mom doesn't have a full time job with benefits, but only works part-time. They cannot move to medicare and my mom isn't eligible yet for Social Security. My dad's Cobra insurance payments are over $1,000 a month...but they cannot go without it as my mom has been sick and in the hospital now for almost 7 weeks and has had 3 surgeries in the past 6 months. It's great for my dad that he is out of work and can stay with my mom at the hospital...but at the end of the day....he's going to have to try to find a new job with benefits from an employer willing to take on somebody who is only 2-3 years away from retirement age. Thank goodness he got quite a bit of money out of his 401k before it totally tanked, but i obviously still have concerns that what is left won't be enough.
With both examples above, these are people who worked hard, did what needed to be done, took care and raised a family and tried to live the American dream. They didn't take handouts, they didn't weasel the system, they didn't abuse welfare, they haven't begged for disability...they just worked hard and did their best to get buy. It truly is sad to see how they have been rewarded for their efforts.