In fact, a third (34%) believe layoffs at their firm would affect them, either directly (20%) or through reduced pay (14%) according to the February 2001 Xylo Report: Job Security Within the U.S. Workforce.
Women were slightly more inclined to feel very secure than men, 58% to 54%. Nearly half (42%) of men over age 55 feel insecure, compared with just 19% of the women in that age bracket.
Overall, nearly a third (31%) of those over age 55 feel insecure, compared with just 19% of those under age 34.
Of those making preparations for the possibility:
- 26% are saving more money
- 15% are trying to improve their job prospects, either by additional schooling/training, updating their resume, interviewing or checking out the want ads
- 8% are cutting back on their expenses, or increasing income through a second job.