Economic Waste Land

December 4, 2008 Uncategorized 3

The way I figure it, and it scares me, is that Kevin and I will be working until we are 70 or older in order to retire and not eat cat food.

We live just a few months away to slightly more away from economic dissaster. I hear all the analysts telling us to have 6-8 months in the bank of living expenses, well in a push I could get my hands on that money……luckily the job is secure at this time, but in reality, we are living life to the max, saving a little, saving for college and retirement, but in these times………with the Stock market making roller coaster highs and lows…………God knows it’s not enough.

I read blogs and see the people in the town we live……….and it’s heartbreaking to see them losing their homes and sacrificing so much. For what? Did all these people make poor choices, NO, did all of them just decide to stop paying their mtg? NO.

I am sick of hearing what the bail out pkg is going to do…………help people already in homes……….struggling. I heard tell of mtg as low as 4.5% to help people buy homes……….oh for goodness sake, why not give that to the people struggling…………..does it take a regular person like myself to see what is good and prudent!?

I wish I were wealthy, I’d spend more time helping others.

3 Responses to “Economic Waste Land”

  1. Beth

    Anita I feel much the same…but I have put my worries in Gods hands. I can’t spend another moment being stressed out. If we crash we crash and will have to pick up from there…KWIM? I have never had much to speak of…I mean a cars and a house yes and an occassional vacation but that is it. We have some retirement that I consider savings…but nothing touchable. We won’t have to work til we are 70 but pretty close… Say some heavy duty prays…leave it at Gods feet…he/she will provide!

  2. DCup

    You take a very compassionate approach to this issue. Sadly, we’ve got a system now that offers few consumer protections and is beholden to those who put profit over everything else.

    It’s a shame that people like MathMan and I will give up our home, but remain indentured to the credit card companies because they were savvy and money hungry enough to rig regulation in their favor. A Chapter 7 bankruptcy that allows people to keep their homes, but wipe out credit card debt is nearly impossible now.

    Shame on Congress for letting that happen.

    I’m glad that you’ve been able to keep yourselves out of trouble and I will keep a good thought for you that your jobs will stay secure so you can retire someday. Hardworking people deserve some comfort and free time later in life – without having to choose between essentials.

  3. Elizabeth

    I’m so terrified of the economy right now. It’s crazy to think that a year ago, we owned a big, beautiful house in Las Vegas and made 3x what we make now. Then, DH lost his job, our mortgage became waaaaay too much for us to handle, and we lost everything. Ok, we didn’t. We still have what REALLY matters but at the time, it felt like everything. But, it’s not the end of the world! It really was the best thing that ever happened to us! We learned the true value of what really matters 🙂

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