"Advice to Retirees: Embrace the future," syndicated columnist Tad Bartimus
recently wrote in my local Seattle paper. Sounds good, but for Bartimus the
future was a layoff, in a corporate cutback, from a 25-year career at the
Associated Press news service. Faced with the Hobson's choice of agreeing to
it or losing all health care access and pension benefits, she suddenly had
to find ways to reinvent herself and survive, with less than half of her
previously promised pension. She explores how her situation echoes the
predicament of more and more Americans, like those who took middle-class
futures for granted at companies such as General Motors, Delta Airlines, and
Ford, but who now scramble to get by at jobs paying a fraction of the wages
they were used to. America's social contract is being ripped apart, she
writes-then she backs off to counsel individual adaptation and seeing life
as "a banquet," where we need to savor even the unexpected courses.
I know lots of people like Bartimus's friend Sue. Sue worked for United
Airlines for 23 years, lost her savings when the company's stock crashed,
may lose her pension in the current bankruptcy, and has to supplement her