Unemployment Benefits: The 99ers
186,781
Published 2010-10-24
All Comments (21)
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Life lesson: if you earn 200k a year, buy a simple house and pay it off as quickly as possible and save as much as you can after that. People get lulled into imagining they are irreplaceable, will always have a high paying job and can afford an expensive lifestyle, but at the end of the day if you earn a wage or a salary you can be fired and replaced any time. Never overestimate your value to a company or institution, they will probably survive a recession but you are expendable.
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That first lady out of work for over two years they asked her what she would be willing to do-"the lowest position I would consider is a county clerk"! She really must think her shit don't stink.
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As a 23-year-old young professional working 40 hrs making good money; the thought of loosing my job is frightening.
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I watch these stories and think "by the grace of God go we". That could have been us. My wife and I have been so lucky that we have avoided unemployment. I pray for these families.
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I have a master's degree and have been out of work for almost 2 years. Please don't make rude comments about people who receive unemployment benefits.Things are a lot harder than you think. Just pray it doesn't happen to your or your family.
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This feels like a hundred years ago and I just want to remind folks the reason that the collapse happened in 2008 was due to over priced unaffordable real estate has come back with a vengeance. The same problem states; California, Nevada, Florida and Arizona and now add on Texas, New York, Pennsylvania, and Washington State. The same issues and the same problem all over again. We will have another taste of this please be prepared. Please learn from the past.
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@hablerz You are right on the mark. Someone making $20,000 a year is spending $30,000 per year. And someone who makes $200,000 per year is spending $250,000... Everyone wants to live beyond their means and credit is the way they do it. The truth is, if you're making $200,000 per year you can easily live on $40,000 and bank and invest $160,000. But people making $200K have an image to keep up. Need the new Lexus, big home in an exclusive neighborhood, and in the end you're broke...
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It would be nice if they re interviewed these people, it is very heartbreaking that we have to struggle so much to survive.
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There but by the grace of God go we. I lost my job in 2008 and did not secure solid full time employment until late 2010. I am grateful for the extended unemployment benefits as we were able to keep our home. The backup plan would have been to move in with my parents.
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I'm old now and worked hard all my life. I lived frugally and still do though I don't have to anymore. Does anyone else remember all the folks who didn't all those boom years in the 80's, 90's and till 2008? When I see people my age blustering about having, "Worked hard all my life!" I want to ask, "Hey, weren't you one of the jerks I saw wasting their money on nifty vacations, too much house and worthless toys?" Truth is, when bad times come and you're not prepared, you suffer.
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I was in California back in 2011, I knew that our economy was in deep trouble. Jobs were very scarce. I left after 9 months of not being able to land a job.
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Inflation is higher than your led to believe. Devaluation of money has painfully happened. Outright greed of the species.
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It is NOT a recession ... It is labor deletion !!! These JOBS never coming back.
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I am blessed to have been born in 1942. I never have been on unemployment, and at 70, I am comfortable. I have always shared my income with others, who needed help, so God has blessed me so far....
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I'm the guy who was interviewed on RT news (Unemployed 99er speaks out). I've been job hunting everywhere under the sun since JANUARY 2009! I can build and repair computers, but don't even get called back by McDonald's! I'm living in my dad's dining room, fixing computers from home for $40 to survive (everyone around here is on welfare/under-employed and can't afford what my services are actually worth - $100+). There's just no jobs, and I can't afford to move anywhere. Can't even drive anymore.
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germany had it right. they paid for half the salaries of employes of companies who were in a downturn. better to keep them working and spending, than collecting un employment benefits
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PEOPLE NEED TO LEARN TO LIVE MODESTLY FOR THE NEXT DECADE. GET RID OF YOUR DEBTS NOW.
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I bought a car for 1000 dollars. It runs, gets 35mpg, and is a perfect commuter. 1k is not hard to come up with...If you are collecting unemployment, I'm sure you can come up with it. I would sell your current car, it's not permanent and you can always get a better one when you are in better shape. What's your masters in? I have no degree, I have lived off of ramen noodles and sandwiches for months at a time, I had to take a pay cut until I found a better job in another state.
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Just gets to show that you always have to have your own side hustle while you work for a company. Build it slowly and steadily. If the company pick slips you, your side hustle could keep you from drowning. It may even eclipse your company pay over time. Then you have control and options. Always have a side hustle and stack that money.
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By the grace of God go we. My parents faired well compared to most during the GFC. My sister and I were in 8th and 10th grade in 2008. My dad was unemployed for only 4 months and my moms hours were cut by 1/4 for a while. But that was the worst of it. I’m we we and are incredibly grateful for how fortunate we’ve been. My sister and I are grown now with families and homes of our own. I pray no one has to suffer this again.
