At age 62, I was laid off from my job when the small landscaping company where I worked as a bookkeeper was acquired by a Canadian conglomerate. I had $10,000 in credit card debt at the time and aside from unemployment benefits, I had no other source of income.
I live alone and, after helping my kids with their finances, I have no major savings. I had to sign up for Social Security early just to keep my head above water.
I see no jobs on the horizon for anyone, let alone someone of my age. Still, I'm looking. But I have a bad hip and a bad shoulder. It's not like I could be a cashier at Wal-Mart and stand all day!
I'm probably not going to be homeless but it's just going to be a struggle.