April 26, 2010. The day I became unemployed. A date I will never forget for as long as I am unemployed. It is the day that changed my entire summer.
In the beginning it was great. I finally had time to catch up with my reading, get a little sun, spend time with the kids, and keep up with the cleanliness of my home (I'm a bit of a neat freak)....more
The American Psychological Association conducted a survey in late 2008 and found that 80% of the people who responded said that the financial crisis was causing them a significant amount of stress.
Anxiety over money issues has produced a new ailment that is affecting a large part of the population, particularly women. Psychology professionals have named this affliction: Money Anxiety Disorder....more
Barack Obama became the first sitting president to appear on a daytime talk show today when the pre-recorded interview with the ladies from The View aired. He has been on the show two previous times, but they were before he was elected. To make the interview more interesting, Barbara Walters came back for the first time since she had heart valve surgery earlier this year. She wasn’t the only one with hard-hitting questions, making the interview quite interesting.
Unlike those 2015 commenters, I've watched the story unfold from the front lines. The comment section reveals exactly what you'd expect: Everyone has "good ideas" when they're comfortably employed. But as someone who knows them personally, it has been terrifying to watch their situation continue week after week. It has been a reminder of how thin the line is separating the employed from the unemployed. In this economy, there are no guarantees for employment. Top-tier education, excellent references, years of job experience -- none of these things ensure that you'll move easily to a new position once downsized.
The economic downturn that started 2007 has caused job loss on scale unseen since the Great Depression. Even though the recession is technically over, the sluggish growth and incremental improvements in hiring has many worried about a double dip recession. Many of the unemployed are young people -- teenagers who are hunting for a summer job or a part-time gig to pay for college, college students who want a paid internship to launch them into a career, and recent college graduates who either can't land a job that requires a degree, or have been laid off and are now moving back home with Mom and Dad.
It has now been one month since I voluntarily left my employment to hike, to write, to read, and to re-assess my future. It has been the best month I can remember for a very long time. I know that soon I will face concerns about paying bills, but for now, all I want is to return to the top of the Rockies where I hiked for a week in the glacier-tinged air. I gave up worrying about exercise routines, and pushed myself to altitudes on the trail I've never reached before....more
We all know that we should be saving for our retirement. Even in the best of times, however, it takes effort to diligently put away 5%, 10%, or even 20% of your income into tax-advantaged vehicles such as 401Ks or IRAs. The economic downturn that started in 2008 has put millions of people out of jobs.
Here in Nevada, we have two big elections in November, Governor (our current governor lost in the primary) and U.S. Senator (seat currently held by Harry Reid). To make it more interesting, the Democratic candiate for governor is Harry's son Rory. For me it is not about the personalities or the political parties of Sharron Angle or Harry Reid. Like many Nevadans I don’t vote along party lines....more