Marginally Attached Worker Blues

Back in the old days when Facebook was fun, you could choose from an array of relationship statuses; you could be single, in a relationship, engaged, married, or it’s complicated. Imagine if there were that many choices of employment status, whether you were creating a profile on a job search site or simply making small talk at a social event. Employed folks could specify whether they were salaried employees, overtime-eligible hourly workers, independent contractors on the gig economy treadmill, or self-employed entrepreneurs who still didn’t manage to earn enough to make ends meet. The fact that you are in the workforce at all is a consolation, but being more specific about the circumstances in which you aren’t not employed could shed light on why your financial situation is so dire. The folks who do not currently have a paycheck on the way could also stand to subdivide their identities. Some of them fill out job applications every day, and certainly they are not interchangeable with the involuntary retirees, aspiring tradwives, and anti-work zealots. The media has come up with names for various subcategories of people who aren’t in the workforce, and a recent report by the Bureau of Labor Statistics focuses on people who aren’t actively looking for work simply because the situation seems so hopeless. If your job search has been going nowhere, but you still need to do something about your debts before you lose what few possessions you still have, contact a Boca Raton debt lawyer.

Taking a Break From the Job Search to Address Your Debt?

A recent report by the Bureau of Labor Statistics (BLS) notes that the number of people who had applied for jobs in the past four weeks has decreased, even though the number of employed people has not increased during that time frame. The BLS used the term marginally attached workers to refer to people who have an ambivalent relationship with the job search. They don’t have jobs, but they are not actively applying for them. They may still want jobs, and they certainly do not have a source of income that could adequately replace employment. Jenni Fink of Newsweek refers to marginally attached workers as discouraged job seekers. They need the money and the social connectedness you get from work, but for the past few weeks, they have been unable to bear to drag themselves to the computer to apply for more ghost jobs.

Bill collectors have no mercy on marginally attached workers. No matter your job search status, they can still sue you for unpaid debts, refer you to collections, and seize your collateral assets. You can prevent this by filing for bankruptcy protection or, if you can qualify for a debt consolidation loan, consolidating your debt.

Work With a Debt Lawyer About Surviving the Discouraging Job Search

A South Florida debt lawyer can help you settle or consolidate your debt regardless of whether your next job begins sooner or later.  Contact Nowack & Olson, PLLC in Boca Raton, Florida to discuss your case.

Source:

msn.com/en-us/money/markets/americans-are-giving-up-looking-for-jobs/ar-AA27prYc?ocid=msedgntp&pc=ACTS&cvid=6a4d96133992462ab947b8871e0510de&ei=17