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Cracking the New Job Market by Barbara EHRENREICH, R. William HOLLAND

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APPENDIX BFinancial Planning for New Career Realities

ACCORDING TO THE National Bureau of Economic Research, the Great Recession officially began in December 2007. Ordinary citizens, however, felt its effects long before, as factories closed, unemployment rose, and the housing market took a tumble surpassing the dot-com bubble burst in the first few years of the new millennium. The Great Recession has been by far the most severe downturn since the Great Depression, and it has caused comparable levels of economic trauma. A look at that era provides another instructive example. The decade immediately preceding the Great Depression, the “Roaring Twenties,” was a time of conspicuous consumption that came to an abrupt end in 1929. Sound familiar? ...

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