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How is the economy affecting you.
Sprucemoose:
As with most people my 401K tanked and my employer stopped matching contributions. No salary increase in the past 2 years. Health insurance rates went up significantly. In addition to all this there are layoffs scheduled for tomorrow. My stress levels are high. This is all coming from an industry that is supposed to be mostly "recession proof" aka mobile phone industry.
These all seem monumental until you put things in perspective. Wife and I just saw Slumdog Millionaire and after being reminded of how bad things can get we realized that we are blessed to have a roof over our heads. Things can always get worse. We'll just roll with the bunches and try to plan accordingly.
danny_galaga:
Well, im a mailman. theres definitely less mail and they've basically frozen recruitment. post in australia is a bit like US post, its a government enterprise. its run like a private enterprise, but the only shareholder is the government. so there might be less mail, but my job is quite safe.
did i mention theres less mail? :woot
ChadTower:
So far, same as everyone else's 401k. I haven't even looked. Not like I had a huge amount in there anyway. Job is stable, company is still meeting projected goals, both industries my employer is in are recession resilient. No cost of living increase in 2009 but that usually doesn't track inflation here anyway. Pay down around 13% because some if it is tied to company performance. Won't know any benefits changes for a couple months. Wife just finished her requirements for her MA teaching license but that field has been devastated and will only get far worse in the next year. Not sure how she's going to find work but we don't depend on her income for anything truly important. We're okay so far - small house with matching mortgage, I drive an old car, and have always been adamant about keeping as much liquid savings as we can afford. Hopefully we won't have to prove whether or not that's enough.
JMB:
--- Quote from: shmokes on March 11, 2009, 10:12:35 pm ---
If your wife is a cheating whore, what good is living in a no fault state? Cheating is grounds for divorce in any state.
--- End quote ---
Grounds for divorce yes, it just means there are no consequences to her actions. I end up having to pay her for screwing me over.
shardian:
Our company switched insurance companies from one of the best, to one of the worst. To stave off our anger, they started an account to pay our out of pocket expenses, which would be funded from the company savings of making the switch. While cool and all, only the first year's company contribution is guaranteed. Still, it has already helped me out of $700 out of pocket.
Business is down a bit here. I think my job is safe, but overtime and contract work has started to dry up. I have endured my wife bitching about my job and pay for 3 years now. Every day I see another place I was 'going' to work for close up shop, and every day I am thankful that I ended up where I am.
The contract work dry up is mainly what hurts me. I try to do a few side jobs thru the year to supplement my base income by 10-20%. Losing that means I can balance my budget...but that is it.
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