Posts Tagged ‘economy’

Economy Crashing Home – AGAIN

March 15, 2009

Gloria Steinem once said that the personal is political. And I fully experienced what she meant. Now, in my life, the political is becoming personal. 

At least my husband’s job is intact…for now. Maybe it was a rumor that the business would fold, but the scare certainly got our attention regarding our vulnerability in this economy . Now, two other family members are definitely being hit.  These are not rumors. Both of them had their own businesses which in another economy would have made it. Now, they’ve lost everything.  Oh I know, I know, material things are not the most important things. We all  write about our values and all the wonderful abstractions that fill our souls and are what count. We talk about the value of suffering and what we learn from it. 

But it hurts like hell to watch your loved ones go through something like this. First, their grief over their lost businesses. I know. I’ve been there.  You put your all  into it and still you have to close the doors. And then the fear. Their fear and yours. What will they do next? What is there to do next in this economy? They’re qualified for jobs… just like  the millions of other equally qualified people  who are waiting on line for interviews.

I know, health comes first. Believe me I know. But right after that comes a sense of safety and security in the world as we’ve known it.  And that, for now, is gone.

First it was physical terrorism. Now our economy crumbling.  It sure feels like another type of terrorism, doesn’t it?

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Economic Crash Hits Home

February 26, 2009

Sooner or later the reality of it all had to hit. Like millions of Americans, we lost most of our retirement money in the stock market crash. We thought it had been safe in our 401K.  Even so we figured, hoped, like millions of Americans, that it would rebound. We did not panic, even though my husband is 64 years old.   We still hope so.

And our home, like mostly everyone else’s, is not worth what we paid for it four years ago. Ok, well fine, we don’t want to sell it anyway. We love our cozy little place out in the middle of nowhere, PA. We look forward to our grandkids’ visits out to the country, where we can take them fishing, have sleepouts on the screened porch, catch lightening bugs, that kind of thing.

However recently just before the crash, my husband, primary wage earner, left a very well paying, secure job, to take one closer to home, and me. And that has turned out to be a disaster. Long story short, the company restructured and let go the man who hired him.  Then the other day Alph comes home and tells me there are strong rumors, from good sources.  that the place is going to fold.  Yes, I know, a rumor is just that,  a rumor. But based upon what my husband sees of the management of the place, which he was hired to fix, the rumor seems highly credible.

With no money to draw on from our 401K  or any home equity, we are one paycheck away from no house, no security, no golden years. Luckily, he has already networked with a previous boss who is also a personal friend, and  has consulting work lined up with him for sometime next year which should turn into a full time job.

But still…  one paycheck away from public assistance.

It wasn’t supposed to be this way.  Not at our age. I grieve for the lost, false sense of economic security. Ignorance was bliss.