Technology is advancing every day, and there are so many things that are possible today that weren’t many years ago. As such, many jobs that were once filled by people, are now being replaced by technology. For instance, agriculture employed approximately 60 percent of the working population back in 1850, and now that percentage is less than 3 percent. Mining, manufacturing, and farming jobs have also been declining at an alarming rate. Many of these jobs are being replaced by technological advances, such as “automated” employees.
Technology has even affected employment in grocery stores, gas stations, and retail department stores. Nowadays, most of these places offer self-checkout lanes that don’t require an employee to scan your items for you.
Because of the rate at which technology is advancing, it is difficult to predict which jobs will still exist in the future. As technology advances, so do predictions and outlooks. The best advice for any working American would be to adapt with technology and be ready for change.
Additionally, it is crucial to be prepared.
Because layoffs happen every day as companies attempt to find ways to cut corners and make production more efficient, it is important not to be caught off guard. There are multiple ways to prepare for a job layoff, but one of the best ways is to have enough money saved up to live off of while you look for a new job.
If you’re the recipient of an annuity payment stream, you can sell some or all of your future payments to Peachtree Financial Solutions for a lump sum payout. Even if your job seems secure at the moment, there are no guarantees for the future, and it is best to be prepared for the worst by having a substantial amount of savings readily accessible at a moment’s notice. Additionally, if you were laid off from your job recently, or your industry has become a dwindling one, you may want to consider the possibility of receiving training in a brand new field. A lump sum payment from Peachtree Financial Solutions can be used to pay for training at a technical school or college, and you can acquire the skills that are needed to pursue a new line of work.
Contact us today for more information and to receive a free quote for your structured settlement annuity payments.
Nothing above is meant to provide financial or tax advice. You should meet with appropriate professionals for such services.