Have you been laid off close to retirement?
If you’ve been laid off, you’re not alone. Shelter-at-home orders stemming from the COVID-19 pandemic created panic for businesses across the country, forcing many to shut their doors and lay off workers. In fact, for the week ending March 28, 2020, a record-breaking 6.6 million Americans applied for unemployment benefits caused by the virtual shutdown of our nation.1 The previous record: just under 700,000 claims filed in a single week in October 1982.
While the country copes with the unprecedented effects of COVID-19, unemployment is projected to remain high for the next several years. In April 2020, the unemployment rate hit 14.7%. Federal Reserve Chairman Jerome Powell predicted unemployment numbers will remain above pre-coronavirus levels through at least 2022.
While the uncertainty of a layoff can feel like you’ve suddenly been saddled with an enormous burden, you can take measures that could help reduce stress and get you back on course. And, if you’re close enough to retirement, you might even be able to say goodbye to the working world and enjoy an early retirement!
So, before you let the stresses of the COVID-19 shockwaves get you down, consider the 10 steps in this guide to help you survive a layoff. They can help you determine if you need to find another job, or if you can take this scary situation and turn it into a blessing in disguise.
Click Here to Download the Layoff Survival Guide