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  1. #1
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    How Is The Economy Hurting You Personally?

    I've been swamped at work lately so I've been more out of touch than usual with how everybody is doing. I got to thinking though, how is everybody being affected personally by the worsening economy?

    I know several people that have been laid off and my wife's 401(k) is down an incredible amount, but overall I've been fairly lucky not to be too impacted directly (knock on wood repeatedly). Of course I'm more worried than ever about job security and lack of growth opportunities, but overall I'm content.


    A program isn't built on one player and it doesn't succeed because of one player, thus a program won't fail if it doesn't get that one player.

  2. #2
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    Re: How Is The Economy Hurting You Personally?

    As a young college student, it hasn't affected me as much. I'm just happy about the low gas prices


    "These are my new shoes. They're good shoes. They won't make you rich like me, they won't make you rebound like me, they definitely won't make you handsome like me. They'll only make you have shoes like me. That's it." - Charles Barkley

  3. #3
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    Re: How Is The Economy Hurting You Personally?

    Other than my net worth being going down significantly and now being in a stalemate, we are getting by just fine.



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    Re: How Is The Economy Hurting You Personally?

    Have had to lay off several employees so far this fall/winter.

    worst time of my work life.


    Carrying the banner for ISU.


  5. #5
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    Re: How Is The Economy Hurting You Personally?

    Honestly, it's not - at least not since gas prices went down (now I'm just trying to recover from a summer of having to spend $60+ on a tank of gas every week...


    Chuck Lidell: I paint my toenails with pink and black polish. Problem is, I get more paint on my toes and on the carpet than on my nails. Any advice?
    Maria Sharapova: Don't you beat up other guys for a living? I don't know how to answer this.



  6. #6
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    Re: How Is The Economy Hurting You Personally?

    I will be graduating in the spring, and looking for a job has definitely become more of a task. It's going to be a tough job market for a while.



  7. #7
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    Re: How Is The Economy Hurting You Personally?

    I'm going to graduate in the next couple semesters, so I guess its not affecting me too much right NOW. I'm just developing ulcers thinking of what might be...



  8. #8
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    Re: How Is The Economy Hurting You Personally?

    No raises for us this year Hopefully still get bonuses though. 401k sucks like everyone else.



  9. #9
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    Re: How Is The Economy Hurting You Personally?

    As a sales rep in Michigan and Detroit... I cannot begin to respond.



  10. #10
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    Re: How Is The Economy Hurting You Personally?

    I guess I should state that ad revenue on CF has sunk like a rock the past few months, even with ever increasing traffic. Luckily donations have stayed steady to help pay the bills but ad revenue is a fraction of what it was during the summer.


    A program isn't built on one player and it doesn't succeed because of one player, thus a program won't fail if it doesn't get that one player.

  11. #11
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    Re: How Is The Economy Hurting You Personally?

    401(k) is in the crapper, but fortunately I work in a fairly recession-resistant industry. No talk of layoffs or 0% raises as of yet, but there is definitely a fairly high pucker-factor amongst my co-workers.

    Here's a good definition for you: A recession is when your neighbor loses their job. A depression is when you lose yours.


    Attempting to debate with a person who has abandoned reason is like giving medicine to the dead. - Thomas Paine

  12. #12
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    Re: How Is The Economy Hurting You Personally?

    Our 401Ks are about 200.5Ks now.



  13. #13
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    Re: How Is The Economy Hurting You Personally?

    No one I know has been laid off but everyone around the office is on eggshells. I think the company I work for is doing everything possible to not let people go, which is admirable for a large company. The company is saying there won't be any raises next year which is fine with me if that's what it takes.

    I think to myslef on a daily basis "what would I do if I was let go".

    My 401K is down nearly 50%

    I haven't cut a lot of my daily spending but my car just got paid off and I'm not looking to replace it anytime soon. I usually buy something different every couple of years because I like cars but financially it's dumb and this isn’t the time to be dumb. I'm using that car money to add to my rainy day fund.

    My wife and I make a similar wage and we could probably make all our payments if either one of us lost our job but things would be TIGHT.



  14. #14
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    Re: How Is The Economy Hurting You Personally?

    401k is down, layoffs mean alot more work for me...

    On the good side, the wife's business (therapist) is way up and I have had fun playing daytrader with the swings in the market....



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  15. #15
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    Re: How Is The Economy Hurting You Personally?

    Quote Originally Posted by acs4isu View Post
    Here's a good definition for you: A recession is when your neighbor loses their job. A depression is when you lose yours.
    I was going to say something similar. It hasn't affected me yet outside of 401(k), which we can probably expect to rebound at some point long before I ever need to touch it. I'd probably only notice the recession if I lost my job and had to find a new one.



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