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Yeah, my answer wasn't up there. I'm peachy in that I still have a job to go to every day and I'm still able to keep the bills paid.
But psychologically I'm scared $h!tless. My next door neighbor-who worked for the same company as I- was laid off along with over 2000 others and there are more to come....at least 500 more. And if the stocks continue to tank it's only going to get worse. Eventually I will get canned as well. I don't know the percentage of certainty but if the trend continues the whole opperation will shut down. In the back of my mind I know this is the direction we're headed.
Meanwhile I don't have enough margin between income and expenses to save nearly enough for a long term bout of unemployment. Half of my 401k is gone...it's now a 200.5k. I've got some savings and the ability to sell some items to stay afloat but eventually I, along with my family are going to be out on our a$$e$ if I'm unemployed for longer than 6 months. Fortunately both of our parents are still alive and have their homes paid for so we'll never really be homeless but that would certainly be a humbling experience to come home with my tail between my legs with my wife and 3 kids behind me.
Fortunately both of our parents are still alive and have their homes paid for so we'll never really be homeless but that would certainly be a humbling experience to come home with my tail between my legs with my wife and 3 kids behind me.
We have just been raised with a seperationalist mentality. Not so long ago in history, it was completely normal for three generations to reside in the same household. No shame about it.
We should helping each other out, if needed. My parents or relatives would do the same for me, and I would do the same for my parents, my relatives, or any of my close friends (assuming a tragic financial situation out of their control).
SS gives annual raises and so do many pensions. There are those who've lived below their income (and can still save with SS and pension). They should be OK. The gamut of income for retirees is wide-ranging. I was surprised to read some of the incomes in the CD Retirement forum.
But I think it's a damn dirty shame what many people have to go through - through no fault of their own. Heartbreaking.
Yeah until pensions and social security go bankrupt. At some time they will become obsolete.
My answer isn't on the poll either but that's ok. I am scared but I am still making it so far. My income has gone down but I still have the job I have loved for the past 12 years so I can't complain too much. Savings are gone though due to a couple of emergencies. I am upside down on my mortgage by about 50k but I have no plans on moving in the near future so I can hopefully ride this out. I did lose my health insurance last week thanks to the end of my Cobra run but I will not miss paying almost $ 500 a month for just me. Of course I have illness so while I no longer pay $ 500 for ins, I will now have to pay almost $ 1000 a month for my medicine. Throw in some credit cards and the utilities and food and I have to admit I am now living check to check. But still there are a lot of people a whole lot worse off than I am so I can't complain too much. Things could always be much worse and I am sure many people would change places with me in a heartbeat.
So hang in there all of those who are having problems and just keep doing the best you can and ignore anyone who puts you down.
Yeah until pensions and social security go bankrupt. At some time they will become obsolete.
Not gonna happen. A nationwide riot would take place, and the politicians know this. It's all about image, and the government itself would be responsible - not corporations - and the government wants/needs to look good. Politicians want to get re-elected; parties want to stay in power.
Not gonna happen. A nationwide riot would take place, and the politicians know this. It's all about image, and the government itself would be responsible - not corporations - and the government wants/needs to look good. Politicians want to get re-elected; parties want to stay in power.
Never say never. Our country is out of money and soon "no one" is going to want to help us out of our greed and corrupt ways.
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, I don't get it. Almost 2/3 has said that everything is great and the economy has not affected them at all.
