How Having a Side Hustle Can Ease Those Post Layoff Blues

February 22, 2016

Do you know someone who’s been laid off? More than one someone? Has that someone been you?

If you said yes to any of those questions, you’re not alone. According to a 2014 survey by the John J. Heldrich Center for Workforce Development at Rutgers University, 20% of workers in the U.S. had been laid off in the preceding five years and 22% of that number still hadn’t found new employment.

As though that weren’t depressing enough, the psychological effects of a layoff aren’t good either. A recent study found that “individuals who experienced a layoff were 4.5 percent less likely to trust even 17 years later.” Researchers surmise such persistent trust issues have to do with feelings of powerlessness and lack of control.

Huffington Post, Feb. 22

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