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Chuck on July 14th, 2004 7:06 am
In my day job I work with dozens of laid off factory workers.
In many cases the husband, wife, and kids worked in one factory making what is for a rural area great income… up to $17 per hour.
Many have been unable to replace 50% of their wages.
The time to have a replacement strategy is when you DON’T need to replace anything.
I have an uncle by marriage who’s about 70.
(Same rural area)
He was a contractor with no retirement plan except social security.
His wife makes money by doing yard sales.
He makes money by recycling scrap metal.
They are very resourceful and live well.
I worry about people growing up in our plastic internet age whether they will know how to adapt and create income streams when the job leaves?
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