Long Term Unemployment are Economic Cement Shoes
The Great Recession created a lot of new complex issues for the United States economy, and for that of Europeans. In the US the Federal Reserve is still trying to tackle how to best cope with long term unemployment that prior to the Great Recession has not been seen since the Great Depression.
The sting of unemployment is that for every week you don’t find employment the odds of getting employment go down.
If you do find employment your earnings power goes down.
All the while the real world has been doing what it does best, chipping away at building up retirement funds, creating an environment that is more expensive to go to work, more expensive to interview in.