Personal Control and Planning
What will be the effects of instability and uncertainty on different age groups in society?
This pandemic has created much uncertainty and to varying degrees based on age, gender, social class, race/ethnicity and the welfare system in one’s home country. Depending on one’s stage in life, instability poses distinct challenges.
For example, young people trying to enter the labour market may have to lower their expectations and accept there will be fewer opportunities to collect experience for some time. Those who are in their thirties may be especially vulnerable because they entered the job market during the financial crisis a decade ago and many now have families to support. However, younger people also have a longer period to adjust and potentially recover while those in midlife carry great responsibility for others and have less time to redirect their careers.
What will be potential differences based on one’s socio-economic status (SES)?
Differences in SES also mean that individuals and families have different capacity to adapt to these changes. The authors posit that those with low SES status and precarious work may be in “survival mode” and without any long-term backup plans. Those with a more favourable SES status and more secure employment may have trouble adjusting, but still be in a better position to resume their goals at a later point.
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