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October 19, 2019, 12:32:14 AM
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[Econ D+G] how concerned are you about ...

Poll
Question: Which best summarizes you? (if I missed something, post it)
What ? I'm one of the select few well off enough to benefit right now! - 0 (0%)
What me worry? (enough wealth to fall back on for many years, house already owned outright, etc) - 0 (0%)
A little bit worried, but could make ends meet for 2-3 years even if everything falls apart (mostly would affect retirement plans, etc) - 9 (69.2%)
Beyond worried, would run into major problems in 6 months if things go wrong...(living day to day or worse as it is now) - 3 (23.1%)
Can't even sleep at night, it's already that bad for me - 1 (7.7%)
Total Voters: 13

 
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Aske
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[Econ D+G] how concerned are you about ...
« on: November 25, 2008, 09:59:56 AM »

... the security/stability/etc of your family/income/house/etc  in the next 2-3 years?
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Russia has invaded a sovereign neighboring state and threatens a democratic government elected by its people. Such an action is unacceptable in the 21st century.
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stroh
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Re: [Econ D+G] how concerned are you about ...
« Reply #1 on: November 25, 2008, 10:07:30 AM »

I'm stuck between C and D.  With my job, I have the stability, but I did feel a really good pinch with gas, food, and everything else prices climbing.

We're pretty much paycheck to paycheck right now.  Although the gas decrease of 50 percent plus has given us some breathing room.

My wage hasn't increased, and could easily see being behind in 2 years enough to not make it month to month.
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Spanky
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Re: [Econ D+G] how concerned are you about ...
« Reply #2 on: November 25, 2008, 11:55:40 AM »

I'm stuck between C and D.  With my job, I have the stability, but I did feel a really good pinch with gas, food, and everything else prices climbing.

We're pretty much paycheck to paycheck right now.  Although the gas decrease of 50 percent plus has given us some breathing room.

My wage hasn't increased, and could easily see being behind in 2 years enough to not make it month to month.
I'm with you on this. I fear in 6 months though things could be worse. It all depends on a lot of things.
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Walfredo
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Re: [Econ D+G] how concerned are you about ...
« Reply #3 on: November 25, 2008, 11:56:19 AM »

Well my job is secure and I may be getting a new job with my company which would make me happier at work.  My wife will only be increasing her monthly income as her clientel increases.  But with hospital bills eating into our savings we are still paycheck to paycheck.  So I'm just a little worried because we are one more major medical problem away from being really broke.  No way we can afford for me to go to law school in the next year or so.  But I am fairly optimistic about our future.  Especially if I get the new job.  
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stegerman
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Re: [Econ D+G] how concerned are you about ...
« Reply #4 on: November 25, 2008, 11:59:17 AM »

Things overall are pretty scary, but I'm feeling pretty good right now about my chances. If I have to work healthcare is a pretty safe spot all around. Sadly, people always get sick as attested to in Walfredo's post.
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spacey
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Re: [Econ D+G] how concerned are you about ...
« Reply #5 on: November 25, 2008, 12:00:41 PM »

I'm not terribly concerned about our current situation, nor am I terribly concerned about it getting any worse on a household level. My retirement portfolio has taken a pretty significant hit, but I'm generally optimistic about it getting better.
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Fuzzy
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Re: [Econ D+G] how concerned are you about ...
« Reply #6 on: November 25, 2008, 12:29:55 PM »

C.

Susan's job is pretty secure relatively speaking (works for the gubmint  Shocked). The benefits of past sound fiscal decisions, i.e., savings, are nice to have in the back pocket these days.

Our retirement portfolio has been hit for sure but we are still doing o.k. I'm optimistic but realize things could change rapidly.
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Clive
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Re: [Econ D+G] how concerned are you about ...
« Reply #7 on: November 25, 2008, 02:14:35 PM »

Quote
A little bit worried, but could make ends meet for 2-3 years even if everything falls apart (mostly would affect retirement plans, etc)
Beyond worried, would run into major problems in 6 months if things go wrong...(living day to day or worse as it is now)
There's a large gap between options C and D.

We aren't paycheck-to-paycheck, our house is still worth well more than mortgage balance, and we aren't laboring under ponderous debt ... but we're facing some upcoming medical bills and we don't have a 2- to 3-year slush fund, either.  I'm NOT in health care, so my job could go poof if things tighten up enough.  (My old law firm has already had a round of layoffs.)  With big companies in trouble, the impact on patent law is two-fold: their own law departments are always targets for cost-cutting, and they send fewer cases to law firms to write/file.

And of course, I'm always just one patch of wet leaves away from a motorcycle accident.  Short-term disability, long-term disability, and life insurance FTW/L!
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Aske
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Re: [Econ D+G] how concerned are you about ...
« Reply #8 on: November 25, 2008, 02:38:27 PM »

Well Clive, I know it was an overly generalized set of categories, but hell I could have made 30 options, all sorts of subdividing it.  Just tried to make it into the broadest, realistic (for most people) group of 5 that I could.

I myself am in group D.
 Cool
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Quote
Russia has invaded a sovereign neighboring state and threatens a democratic government elected by its people. Such an action is unacceptable in the 21st century.
--  Chimpy McFlightsuit, CEO of Bu$hco Industries of 'Merka
birdymaker
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Re: [Econ D+G] how concerned are you about ...
« Reply #9 on: November 25, 2008, 02:39:56 PM »

i may be employed but the bill collectors still call every day.  Sad
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Aske
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Re: [Econ D+G] how concerned are you about ...
« Reply #10 on: November 25, 2008, 02:44:28 PM »

i may be employed but the bill collectors still call every day.  Sad

 Sad 
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Quote
Russia has invaded a sovereign neighboring state and threatens a democratic government elected by its people. Such an action is unacceptable in the 21st century.
--  Chimpy McFlightsuit, CEO of Bu$hco Industries of 'Merka
hobbit
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Re: [Econ D+G] how concerned are you about ...
« Reply #11 on: November 25, 2008, 03:36:14 PM »

I answered C (cus I don't own my house), but not because I'm a little bit worried.  My job and place of employment are pretty secure, and my extra spending could be reduced significantly, and rather instantly, if things did happen (give up the club membership, cut back/eliminate my many vacations, etc.).  I didn't buy much house given my income level, so I could still make it on half my current pay should it come to that.

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birdymaker
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Re: [Econ D+G] how concerned are you about ...
« Reply #12 on: November 25, 2008, 03:43:46 PM »

I answered C (cus I don't own my house), but not because I'm a little bit worried.  My job and place of employment are pretty secure, and my extra spending could be reduced significantly, and rather instantly, if things did happen (give up the club membership, cut back/eliminate my many vacations, etc.).  I didn't buy much house given my income level, so I could still make it on half my current pay should it come to that.



single guys FTW  Cheesy
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women are like tornados. In the beginning there's a lot of sucking and blowing. In the end, the car's gone, the house is gone..
Fuzzy
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Re: [Econ D+G] how concerned are you about ...
« Reply #13 on: November 25, 2008, 04:31:02 PM »

I answered C (cus I don't own my house), but not because I'm a little bit worried.  My job and place of employment are pretty secure, and my extra spending could be reduced significantly, and rather instantly, if things did happen (give up the club membership, cut back/eliminate my many vacations, etc.).  I didn't buy much house given my income level, so I could still make it on half my current pay should it come to that.



single guys FTW  Cheesy

Plus he's a hobbit so he probably doesn't spend much on food.   Smiley

The line in hobbit's post that struck me was "I didn't buy much house given my income level, so I could still make it on half my current pay should it come to that". 

What scares me is that Susan and I could be sitting on a mortgage 2-3x what we currently have based on what we, ahem, qualified for according to lenders. I'm thankful today that we put as much down as possible and only used one income for planning purposes.

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hobbit
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Re: [Econ D+G] how concerned are you about ...
« Reply #14 on: November 25, 2008, 04:38:56 PM »

I answered C (cus I don't own my house), but not because I'm a little bit worried.  My job and place of employment are pretty secure, and my extra spending could be reduced significantly, and rather instantly, if things did happen (give up the club membership, cut back/eliminate my many vacations, etc.).  I didn't buy much house given my income level, so I could still make it on half my current pay should it come to that.



single guys FTW  Cheesy

Plus he's a hobbit so he probably doesn't spend much on food.   Smiley

The line in hobbit's post that struck me was "I didn't buy much house given my income level, so I could still make it on half my current pay should it come to that". 

What scares me is that Susan and I could be sitting on a mortgage 2-3x what we currently have based on what we, ahem, qualified for according to lenders. I'm thankful today that we put as much down as possible and only used one income for planning purposes.




Exactly!

My lender qualified me for a lot more than I wanted to spend (this was 1998), but I stuck to my planning - not his.  His exact words... "You never know when you're going to find your dream house."   My instant response.... "What makes you think I can afford my dream house?  I dream big!"

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I've gone to find myself.  If I get back before I return, keep me here.
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