Many people fear being unemployed for a number of reasons. The ordinary person can fear unemployment, firstly due to stigma attached to it by our society today. Many people feel if they do not have a job, they are looked down on by people in society today. They can be made to feel stupid, inferior and even ashamed because they are unemployed.

Another reason to fear umemployment by many people is that, depending on the job you do, it can give you status and the importance in the eyes of others and if you are unemployed you therefore have no status. For example, who would impress you, someone unemployed or someone that says he is a pilot. Although society should not judge people by being either unemployed or on the job they do, it does. Therefore to be unemployed could cause manyu people in time to suffer from loss of confidence, self esteem and even become depressed.

Another reason people fear unemployment is because it could change their lifes. For example a man who loses his job, could lose his home as he cannot pay the mortgage. Due to the stress of this and debts it could break up his marriage and see him lose his children.

Finally some fear unemployment because it could change their lifestyle. For example if a young man in business with an expensive apartment, flashy sports car, and busy social life loses his job he could lose all due to the type of life he is living.