Has The Recession Affected You Personally ?

  • masculumpedes

    Posts: 5549

    Jun 28, 2011 4:24 PM GMT
    recession.jpg

    I think that Vegas has the highest current unemployment rate ( 12.4%) in the country. which is understandable since it is mostly a "tourist-based" city.
    I see many homes that have been foreclosed on and several businesses that have also closed.

    I've been fortunate that I still have a job and that the company is still doing great. However, I did lose about $3,700 in monthly income. Other than this, I really haven't been affected as badly as many others.

    Has the recession affected you or someone close to you personally icon_question.gif
  • Posted by a hidden member.
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    Jun 28, 2011 4:42 PM GMT
    malefeet saidHas the recession affected you or someone close to you personally icon_question.gif
    Yeah... I figured out how to survive the initial losses, used the experience as a catapult for a 40% income increase.
  • masculumpedes

    Posts: 5549

    Jun 28, 2011 4:56 PM GMT
    paulflexes said
    malefeet saidHas the recession affected you or someone close to you personally icon_question.gif
    Yeah... I figured out how to survive the initial losses, used the experience as a catapult for a 40% income increase.


    Congrats my friend....icon_biggrin.gif
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    Jun 28, 2011 4:57 PM GMT
    These last few years has been quite stressful in the airline industry . But i have been very fortunate and still have my job , now i need to keep 5 more years , so i can get a nice pension from them ...Hahaha..
    Born in the mid 50's , i have been taught early in life the value of money
    (as my parents teenage years took place during WW2 in France , before emigrating to Australia) , and how to manage my earning , and being debt free makes life a lot easier , during a recession .
  • masculumpedes

    Posts: 5549

    Jun 28, 2011 4:58 PM GMT
    neffa said being debt free makes life a lot easier , during a recession .



    I'm working on it.....icon_wink.gif
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    Jun 28, 2011 5:16 PM GMT
    malefeet said
    paulflexes said
    malefeet saidHas the recession affected you or someone close to you personally icon_question.gif
    Yeah... I figured out how to survive the initial losses, used the experience as a catapult for a 40% income increase.


    Congrats my friend....icon_biggrin.gif
    Thanks. icon_biggrin.gif It's a constant battle, though...can't let a day go by without doing something to keep things going.
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    Jun 28, 2011 5:43 PM GMT
    Yes. I have had to cut here and there and eliminate a few things in order to keep on going. Readjusting It's very stressful especially when you have a mini-economy and a lifestyle formed around what you use to made for so many years and all of the sudden everything you've worked so hard to get crumbles down and the unnecessary needs to be done in order to survive. It's no picnic in the park to accept that change.
  • masculumpedes

    Posts: 5549

    Jun 28, 2011 5:47 PM GMT
    ESCESV saidYes. I have had to cut here and there and eliminate a few things in order to keep on going. Readjusting It's very stressful especially when you have a mini-economy and a lifestyle formed around what you use to made for so many years and all of the sudden everything you've worked so hard to get crumbles down and the unnecessary needs to be done in order to survive. It's no picnic in the park to accept that change.


    I understand my friend....Thanks for posting.
  • JC1223

    Posts: 46

    Jun 28, 2011 8:55 PM GMT
    i cant say it's affected too much because of my job... (USMC)
    but i know my mom has really been struggling the past few years even with a pretty stable job...
  • JP85257

    Posts: 3284

    Jun 28, 2011 8:58 PM GMT
    My family lost a business and has gone completely bankrupt thanks to this economy.

    I am working as hard as I can to find a job, but its hard.
  • dfrourke

    Posts: 1062

    Jun 28, 2011 9:01 PM GMT
    although my income has not increased, it also has not gone down drastically...it would be great to get a raise someday soon...been a long time...

    ...beyond the dollar signs, the most impactful part of the recession has been the level of emotional baggage at work which just seems to get harder to contain as the economy situation drags on...

    - David icon_neutral.gif
  • Posted by a hidden member.
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    Jun 28, 2011 9:07 PM GMT
    As a real estate agent, YES! the economy has definitely had an effect on my life, in almost every way. Though I'm trying everything I can to stay on in my 12-year career, I'm also looking around for supplemental work, ideally related to the industry.

    And hey, if anyone knows somebody moving to, or looking to buy/sell property in Seattle, look me up! I'll be eternally grateful!
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    Jun 28, 2011 9:11 PM GMT
    It's a dogfight every day.
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    Jun 28, 2011 9:13 PM GMT
    malefeet said
    I think that Vegas has the highest current unemployment rate ( 12.4%) in the country. which is understandable since it is mostly a "tourist-based" city.


    No, that would be El Centro, CA with 27.9%. There are 12 metro area in the country that have an unemployment rate over 15%. Eleven of them are in California.

    http://www.bls.gov/news.release/metro.nr0.htm
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    Jun 28, 2011 9:20 PM GMT
    My income has been pretty stagnant... I actually make less than I did 4 years ago, mainly cause I get paid in USD now instead of Euro.

    However, I am lucky to have started a new job in early 2009, at the height of the recession, at an American company even. It allowed me to survive the recession on a stable income.

    What did happen though is that I see all my friends who stayed behind in Europe having a lot of issues finding jobs, and when they do they don't pay shit... So there's another reason why I'm never going back there.

    I think we all need to adjust, the old and fat economies of the West will never go back into >5% GDP growth so we all need to adjust to some new economic realities.
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    Jun 28, 2011 9:25 PM GMT
    Yeah, on St Martin, tourism has dropped notably.. but its picking back up now tho
  • BIG_N_TALL

    Posts: 2190

    Jun 28, 2011 9:36 PM GMT
    Yes... it has. What I have learned is that I will forever on live as a minimalist. My career plans have been absolutely derailed - that's putting it lightly. I don't even know if it is worth it for me to continue down the career path I'm on.

    I will mostly buy what I need, and not what I want. Yeah, I'll buy some things that I like and make me happy... specific items... however the free-ass, unnecessary spending of the "W" era, for me, is over. Every time I shop for things, I always ask myself.... "do I really need this?" I did it in a store yesterday. I found something that caught my eye, but was $10. I held on to the item for about 12 minutes... then after thinking about it... I sat it down.... and walked out the store with nothing. No regrets.

    Sorry to break to big banks and credit card companies... my free-shopping days are over - even though they send me credit card and loan offers every freaking day.
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    Jun 28, 2011 9:37 PM GMT
    Alpha1 saidYes... it has. What I have learned is that I will forever on live as a minimalist for now on. My career plans have been absolutely derailed - that's putting it lightly. I don't even know if it is worth it for me to continue down the career path I'm on.

    I will mostly buy what I need, and not what I want. Yeah, I'll buy somethings that I like and make me happy (fortunately I know what I like and buy just that), but free-ass spending of the "W" era, for me, is over. Every time I shop for things, I always ask myself.... "do I really need this?" I did it in a store yesterday. I found something that caught my eye, but was $10. I held on to the item for about 12 minutes... then after thinking about it... I sat it down.... and walked out the store with nothing. No regrets.

    Sorry to break to big banks and credit card companies... my free-shopping days are over - even though they send me credit card and loan offers every freaking day.


    Good for you, be stingy, its how people get rich icon_smile.gif
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    Jun 28, 2011 9:39 PM GMT
    I do a lot of work for Real Estate Clients, so yeah, it's been harder to get the business... and when it does come I have to pull teeth to get them to do the right thing for themselves. Nothing like a boom and bust market!
  • JP85257

    Posts: 3284

    Jun 28, 2011 9:40 PM GMT
    There is nothing more fun that watching millions of dollars disappear.

    I like being jobless and poor.
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    Jun 28, 2011 9:41 PM GMT
    My investments tanked but then you nice taxpayers gave all the underwriters your hard earned money, so they have rebounded and so have I. Thnx icon_razz.gif
  • ohioguy12

    Posts: 2024

    Jun 28, 2011 9:42 PM GMT
    Alpha1 said
    I will mostly buy what I need, and not what I want. Yeah, I'll buy somethings that I like and make me happy... specific items... however the free-ass, unnecessary spending of the "W" era, for me, is over. Every time I shop for things, I always ask myself.... "do I really need this?" I did it in a store yesterday. I found something that caught my eye, but was $10. I held on to the item for about 12 minutes... then after thinking about it... I sat it down.... and walked out the store with nothing. No regrets.

    Sorry to break to big banks and credit card companies... my free-shopping days are over - even though they send me credit card and loan offers every freaking day.


    That's a good thing, right? More people need to do the same thing.
  • BIG_N_TALL

    Posts: 2190

    Jun 28, 2011 9:43 PM GMT
    Greenhopper said
    Alpha1 saidYes... it has. What I have learned is that I will forever on live as a minimalist for now on. My career plans have been absolutely derailed - that's putting it lightly. I don't even know if it is worth it for me to continue down the career path I'm on.

    I will mostly buy what I need, and not what I want. Yeah, I'll buy somethings that I like and make me happy (fortunately I know what I like and buy just that), but free-ass spending of the "W" era, for me, is over. Every time I shop for things, I always ask myself.... "do I really need this?" I did it in a store yesterday. I found something that caught my eye, but was $10. I held on to the item for about 12 minutes... then after thinking about it... I sat it down.... and walked out the store with nothing. No regrets.

    Sorry to break to big banks and credit card companies... my free-shopping days are over - even though they send me credit card and loan offers every freaking day.


    Good for you, be stingy, its how people get rich icon_smile.gif


    I know some people will think I'm being stingy, but I'm just be practical. I can't afford the meaningless, useless crap anymore. I WILL NOT deal with the headaches that come with debt from credit card companies and unnecessary bank loans.
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    Jun 28, 2011 9:45 PM GMT
    What recession? icon_twisted.gif
  • rnch

    Posts: 11524

    Jun 28, 2011 9:45 PM GMT
    recession? what recession??

    new orleans is the largest export port city for corn, wheat and soybeans in the all of the USA. we literally feed the world thru this port.

    until my recent knee injury, i was working all the overtime i wanted.

    grain is like oil...it just keeps flowing. in good times and bad times.

    with 25 years of senority in the federal agency i work for that controls grain movmement and grade quality; i have little fear of being layed off.