Have the economy

iVillage Member
Registered: 05-14-2006
Have the economy
71
Thu, 02-05-2009 - 8:17am
problems hit you/your family on a personal level?

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iVillage Member
Registered: 05-14-2006
Thu, 02-05-2009 - 8:24am

iVillage Member
Registered: 01-15-2006
Thu, 02-05-2009 - 8:41am

DH has a job.

 

iVillage Member
Registered: 05-14-2006
Thu, 02-05-2009 - 8:46am
Yeah our 401K took a hit (as a friend said to us it is now a 104K)
iVillage Member
Registered: 11-22-2000
Thu, 02-05-2009 - 8:51am

Nope.


Avatar for 4thekids2001
iVillage Member
Registered: 03-26-2003
Thu, 02-05-2009 - 8:52am

There are layoffs coming in March at DH's work 24 people out of 250 or so, mostly union jobs, a few management. His company as a whole is laying off 12,000 nationwide

iVillage Member
Registered: 05-22-2008
Thu, 02-05-2009 - 9:02am

My nuclear family? No.

iVillage Member
Registered: 02-05-2009
Thu, 02-05-2009 - 9:12am

Yes.


2 of my co workers just were laid off and all department directors too a 2% paycut.

iVillage Member
Registered: 03-26-2003
Thu, 02-05-2009 - 9:21am

Yes, BIL is getting clobbered. He involved himself in some real estate speculation at the wrongest time. A cousin was until recently finding places to invest the ill-gotten gains earned on mortgage-backed securities, that job and the company evaporated virtually overnight.

Dh and I are fine, knock wood, but given how the economy is looking generally, I admit that I am a little glad that dd chose not to go to the fancy private school after all.

iVillage Member
Registered: 01-09-2009
Thu, 02-05-2009 - 9:40am

No, not really.

********
Ducky

iVillage Member
Registered: 01-20-2009
Thu, 02-05-2009 - 10:23am

Not in the short run. On paper though, we've lost about 25% of our net worth - about 2.5 years of investing. But we're hanging tight.


My ILs, who live entirely off their investments and SS, are hurting, but somehow found the cash to take a 9 day Caribbean cruise, so I'm not crying for them.

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