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Millionaires Falling on Hard Times

This article was written by in Career and Work. 2 comments.

While everyone knows an MBA who has been laid off, there are no hard numbers capturing the national picture.

This article comes just as I’ve set the wheels in motion to begin my MBA. I’ve enrolled in the University of Phoenix online program, so I can continue working and get my degree at the same time. I can check into class when it’s convenient for me. It sounds like a great plan. Despite what a lot of people say, human resources tend to think there’s no disadvantage to getting an MBA online.

In any case, my company is paying for it almost entirely, so there’s no good reason not to do it.

Back to the article. Nothing new there, just a story about a woman who had to change her goals due to being laid off like many others. Once a six-figure salary earner, now unemployed, she finds herserf forced to change her lifestyle.

Published or updated August 13, 2003. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.

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About the author

Luke Landes is the founder of Consumerism Commentary. He has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about Luke Landes and follow him on Twitter. View all articles by .

{ 1 comment }

avatar Al

Just read the article about the former 6 figure lady getting laid off.

All I can say is OUCH! – the only thing keeping her financially stable is the income from renting her 3 bedroom house. If that cash flow gets disrupted for whatever reason, she’s going to be in a world of hurt!