"Bankers who lost their jobs are down to 6 months' spare cash"

Posted by PSR_AXP 9 mths ago
A former colleague - a managing director at European investment bank who was let go earlier this year, is not finding life easy. Five months after he was cut, he's down to six months' spare cash. He's getting to the stage where he will accept anything.
He is not alone. There is a presumption that well paid people in finance are highly solvent and will remain so for a while, even if they are not currently employed.
That presumption is wrong.
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