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Who will bail out an honest, frugal, everyday worker who pays all her bills?
#1
- News Robot
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Posted 26 January 2009 - 10:19 AM
| QUOTE |
| Who will bail out an honest, frugal, everyday worker who pays all her bills? By JANE HOLAHAN, Voices 2009-01-26 09:19:00 Lancaster New Era Pardon me for sounding peeved, but I just got my two mutual fund statements in the mail last week. Do you still even open yours? |
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#2
- Grand Poobah
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Posted 26 January 2009 - 10:57 AM
Hi Jane. You sound a lot like me and my husband. We go to work everyday too. We live in a very small home and have a timy little trailer simply because it is cheaper than going on expensive vacations every year that some of these rich ceos and thier families enjoy.
When I was in my twenties and was offered 401k at work, I hated doing it because they already did not pay me well and how could I justify giving my company more of MY money that I could not touch for 40 years without penalty.
After my mother passed and I ahd some "disposable income" I felt that at the age of 40, being self employed, we should start saving for retirement so I bought into the program. Now my IRA is not even worth what I contributed to it, not because I did anything wrong, mind you but because ceos of the investment fund I was in cared more about their personal comforts and extraviganses then the little people who invested with them.
Now retirement will probably never happen and we can only pray that we don;t lose everything when Social security goes down.
When I was in my twenties and was offered 401k at work, I hated doing it because they already did not pay me well and how could I justify giving my company more of MY money that I could not touch for 40 years without penalty.
After my mother passed and I ahd some "disposable income" I felt that at the age of 40, being self employed, we should start saving for retirement so I bought into the program. Now my IRA is not even worth what I contributed to it, not because I did anything wrong, mind you but because ceos of the investment fund I was in cared more about their personal comforts and extraviganses then the little people who invested with them.
Now retirement will probably never happen and we can only pray that we don;t lose everything when Social security goes down.
#3
- Junior Member
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Posted 26 January 2009 - 05:40 PM
at least you have a job..... been unemployed for a bit over 6 months now. i'm looking but not finding anything. i'm spending my inheritance to live right now - and it wasn't much of an inheritance to begin with. no one's bailing me out either. it's a bad situation right now for so many of us hard working, honest, frugal, decent people.
#4
- Grand Poobah
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Posted 27 January 2009 - 09:44 AM
We also have had to tap into our nest egg more than usual. I usually budget so much per year but this year I ahve had to spend it as business is down and I ahve had to pay for a lot of things that used to come out of the business income like hair appointment, clothing, books and even meeting a friend for lunch or dinner. Now many of those things are not neccessary but my GOD what are we supposed to do all day. Just work work work to pay the "greedy man".
Although we are trying to cut down at the grocery store and spending on dinners out in order to show the government that we will no longer support an economy we don;t trust. I don;t want to give Sam Walton my money or the ceos of all these stores that are laying off workers while their ceos decorate their million dollar apts in NYC.
We have magic numbers for the stock market and as soon as possible we are pulling out completely and will be investing in FDIC insured CD's in the future to save for retirement.
Although we are trying to cut down at the grocery store and spending on dinners out in order to show the government that we will no longer support an economy we don;t trust. I don;t want to give Sam Walton my money or the ceos of all these stores that are laying off workers while their ceos decorate their million dollar apts in NYC.
We have magic numbers for the stock market and as soon as possible we are pulling out completely and will be investing in FDIC insured CD's in the future to save for retirement.
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