Books

BOOK REVIEW: ’55, Underemployed, and Faking Normal: Your Guide to a Better Life’ by Elizabeth White

c.2020 in paperback, Simon & Schuster
$17
272 pages

Your last regular paycheck has come and gone.

That was a while ago, back before you were downsized/laid off/reassigned right out of a job and you’re not sure what to do. Your savings are nearly gone, your retirement funds are next, and you’re too young to get Social Security. In “55, Underemployed, and Faking Normal” by Elizabeth White, you’ll see how to make this new life work.

At 35 years old, Elizabeth White had a solid job at the World Bank, she owned a house, and she was heading to Harvard to get a Ph.D. There, she “caught the entrepreneurial bug” and, in partnership with her mother, she became a business owner; when the business failed, she was resilient and landed some consulting gigs that put her finances back to where they were before.

And then the Great Recession hit. Suddenly, White was exactly where the title of this book indicates: too young, too old, and suddenly “totally out of the loop.” Shortly afterward, when an essay she penned went surprisingly viral, she learned that she wasn’t alone.

Experts say that, to retire successfully, Americans need “fifteen to twenty times their annual salaries” in some sort of savings or program but White points out the realism: very few new retirees have achieved that. The vast majority haven’t. What’s more, rosy retirement pictures are painted of island getaways, long walks in Paris, and palatial homes, when the reality is that a very high percentage of Americans ages 55-plus don’t know where they’ll be living this fall. Some of America’s seniors are trying to get by on less than $500 per month.

If this is your new reality, there are things you can do.

First, know that “the cavalry ain’t coming” and you’re more or less on your own. Learn to “small up” in your housing and your possessions by knowing exactly what’s important to you. Rethink your priorities. Ignore your pride away and take the dang food stamps. Take care of your home. Take care of your relationships. Take care of yourself.

So, here’s what you need to know about “55, Underemployed, and Faking Normal”: what you get out of this book will depend on how old you are now.

Regardless of what the title indicates, this book is absolutely for new college grads or those entering the workforce this year and are serious about their futures. Younger readers, throw away those horror novels that line your shelves; for you, this book is a cautionary, real-life, terror-filled memoir that doubles as a hardcover warning for your elderhood.

For anyone who’s facing a retirement that’s not necessarily on their terms, author Elizabeth White has frights for you, too, but they’re tamer. You’ve met those terrors already, and the advice she offers helps make them less scary, more attackable, more survivable.

“55, Underemployed, and Faking Normal” is useful, even enjoyable, but it’s serious stuff with no fluff. For readers who are facing a new reality for their golden years, reluctantly or otherwise, reading it might pay off.

Tags
Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *


By submitting this form, you are consenting to receive marketing emails from: Washington Informer Newspaper, 3117 Martin Luther King Jr. Ave SE, Washington, DC, 20032, http://www.washingtoninformer.com. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Back to top button

My News Matters to me - Washington Informer Donations

Be a Part of The Washington Informer Legacy

A donation of your choice empowers our journalists to continue the work to better inform, educate and empower you through technology and resources that you use.

Click Here Today to Support Black Press and be a part of the Legacy!

Subscribe today for free and be the first to have news and information delivered directly to your inbox.


By submitting this form, you are consenting to receive marketing emails from: Washington Informer Newspaper, 3117 Martin Luther King Jr. Ave SE, Washington, DC, 20032, http://www.washingtoninformer.com. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact
Close

Adblock Detected

Please consider supporting us by disabling your ad blocker