Philadelphia Fed

Job Losses Mount for Well-Off in Community

11/18/2009
Staff Writer

Bob S., a 50-year-old computer specialist from Scarsdale, was laid off from his $175,000-a-year job in March after years of steady employment. He, his wife and their two children began living off the family’s savings, canceled their vacation plans and began eating all their meals at home.

Job seekers line up in Midtown outside a job fair. Middle- and upper-middle-class Jewish men appear to be among the hardest hit
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