Monday, November 09, 2009

Life in the Severance Economy

On A1 of today's paper, I take a look at the people of the severance economy. They're confronting a reality they never thought they would have to: long-term unemployment intersecting with savings on the brink.

I consider this an unofficial follow-up to my profile of a trader who now works at a steakhouse. See also: trader who now runs a Mister Softee truck, the slowdown on the NYSE floor and tracking down former Lehman employees.

While reporting this story, my brother was laid off. Several more pink slips flowed into the hands of friends out West and in New York, and points in between. There's been no shortage of layoffs in the journalism industry, either.

I guess sometimes personal finance reporting becomes, well, personal.