When Jeanne Majors, 63, took an early retirement in December 2005, she assumed that she would pick up a part-time job and be in good financial shape. She didn’t know that her future would quickly fall apart.
Majors, who is single and lives in Brooklyn, N.Y., learned the hard way about the retirement obstacles that most women face today. When the economy slid into the recession, she lost her part-time job and could not find another.
“They wanted somebody young,” Majors says. “Or if I was a man, somebody would have hired me at my age. I’m not sorry that I retired, but things didn’t turn out the way I wanted it to. Everything went bust.”