Are you hanging off a financial cliff? Here's how to cope

The video discusses the financial struggles faced by older adults, particularly those who are underemployed or unemployed. It highlights the emotional and health impacts of job loss and financial insecurity, such as increased stress and anxiety. The video also explores coping mechanisms, including community support and resilience, and addresses societal perceptions of financial failure. It emphasizes the challenges of retirement savings and the need for adaptation to new financial realities, urging open discussions about financial difficulties.

What is a common challenge faced by Elizabeth White and Deborah Burkholder?

• Overemployment

• Severe underemployment

• Excessive savings

• High job satisfaction

What term is used to describe older workers whose experience is undervalued in the labor market?

• Underemployed

• Retired

• Superannuated

• Overqualified

According to the transcript, what health risks are associated with job loss and financial uncertainty?

• Improved mental health

• Reduced anxiety

• Increased risk of heart disease

• Enhanced physical fitness

What does Elizabeth White hope to achieve with her book '55 Unemployed and Faking Normal'?

• Inspire people to share their financial struggles

• Encourage people to hide their financial struggles

• Advocate for early retirement

• Promote financial secrecy

What percentage of adults in 2015 said they would need to borrow or pawn to cover a $400 emergency?

• 60%

• 25%

• 46%

• 75%

What is the concept of 'Smalling up' as discussed in the transcript?

• Increasing financial obligations

• Focusing on what is truly valuable

• Avoiding financial planning

• Expanding one's lifestyle

What is a false hope for older adults without retirement savings, according to the transcript?

• Investing in stocks

• Winning the lottery

• Working longer

• Relying solely on Social Security