People in their 50s who take what limited savings they have to start a new business are usually making a poor financial choice.<quoted text>
I have given this same advice to many people, especially to those in their 50's attempting to compete for jobs with younger people.
It's amazing how terrifying it seems to people; the thought of creating your own business. They're stuck in the world of a 9-5 job, or in a job that may not pay well but has healthcare benefits.
This is why we need single payer healthcare so that people are not forced into jobs just to get health insurance. Once that anxiety about healthcare is gone; it will free people to become more creative in their lives.
People in their 50s who have valuable job skills can compete well in the job market.