The economy is rolling but it might not always. In fact, things won’t always be so great. It’s just the cycle of economics. I’ve been at my job for 12 years. It’s great and I feel secure, as I’m sure do many. Still, it never hurts to prepare in the event of a job loss. Here are some financial considerations in the event of a job loss. These are tailored for my family, but are applicable for many.
I would expect that any state unemployment benefits that I would receive would be eaten up by health care premiums, whether it be COBRA or a privately funded insurance policy.