September 2002
A time for reassessment
You will find them in the leafier, tonier suburbs of London,
Frankfurt, New York, San Francisco, Chicago. Well-groomed,
satisfied-looking men and women sipping cappuccinos, enjoying the
afternoon sun on a working day. The new investment banking
unemployed are rediscovering the pleasures of family life and ample
leisure.
Of pain and worry there is little sign yet. A generation is being
laid off into considerable initial comfort - generous payoffs and
substantial equity in expensive houses to fall back on.
Early middle age is a good time to reassess the fraught and hectic
years of endless working nights and weekends. The wealth those
years brought, and the escape from them, provides a feel-good
factor that persists for now. Thoughts turn to new careers in
teaching, charity work or setting up that little local business.
...
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