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I lost both parents and my grandmother between 2009-2010. I was 8 years from retiring and my wife’s job moved to Chicago leaving her behind.
Still, we had tripled up on our mortgage payment beginning in 2007 and we’re nearing debt-free status. My wife finished her masters when she lost her job and we were unfazed financially.
Our net worth increased tremendously since then, I’m a year past retirement working for the pure joy of it and we have a plan once we’re both retired. My wife makes more than double her old salary and while I’m still in the same job, my salary is up also.
My miserable SOB of a boss retired and no longer terrorizes me. The new boss is a former peer who knows what I do and for the most part, leaves me alone to do my thing. I work at home and while I may runs errands during the day, I’m just as apt to respond to emails at all hours of the day. It’s a fair trade off. Even those on the other wide of the world loves the speed of my responses.
As my wife loves to say, “It’s good to be Gerry” although I miss my parents and grandmother every damn day.
By every relevant measure, the economy is much, much better off today in 2019 than it was a decade ago in 2019? (The recession officially ended June, 2019).
Of course, that doesn't mean every individual person is better off today than they were a decade ago -- hence this poll. Are you better off now in 2019 than you were back in 2009?
I am better off now, but not financially. I left my abusive parents and managed to finally, finally! get full-time employment. My new fiance lost his job thanks the the economic crash and hasn't fully recovered from that, been in & out of jobs, mostly out and used up all of our savings. We are still in debt, but much better now, but can't afford to retire.
Since our debt problem is a lot better, this is how I feel better today then 2009.
I'm complaining about the consequences of the type of economic development that has happened since 2009.
Perhaps you should start your own thread & poll on that topic. It is an interesting topic, certainly worthy of a poll, but distinct enough to be different from this thread.
Perhaps you should start your own thread & poll on that topic. It is an interesting topic, certainly worthy of a poll, but distinct enough to be different from this thread.
In '09 I had a steady job but many around me had been laid off. I felt quite lucky. But on the flip side, my primary residence lost about 80% of its value. No joke. I had only owned the property a few years before the recession hit. So on paper at that time, I would have negative net worth as a property owner and a small amount in my 401K.
Now I'm doing much better, thankfully. But for several years, I did not think I would see the light at the end of the tunnel in regards to turning my finances around.
Yeah, a lot of people benefited from the rising price of gold back then.
Now it is far worse, both in infrastructure development, increased access to markets/consumerism, and the fact that you need 'high-skilled' global labor to have value.
No one thinks its a good thing yet that is what has happened.
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