Who's afraid of unemployment?
The news is scaring the sleep outta me. Unemployment numbers are soaring (here from the Wall Street Journal) :
...while the unemployment rate is at a five-year high at 6.1%, a broader measure of weakness that includes people who have stopped looking for work or whose hours have been cut to part-time is 11% -- the highest in 15 years.
In other words, not only are people becoming unemployed, they're staying unemployed. In fact, as WSJ reports, "the number of people who have been unemployed for 27 weeks or more reached two million in September."
I'm not the only one losing sleep. According to a poll released today by ComPsych, a provider of employee assistance programs,
92% of employees say financial worries are keeping them up at night.
The correlation, of course, is simple. We work for money. We work for a lot of reasons, but mainly we work for money. The ComPsych poll lists the top financial concerns we mull over instead of counting sheep: 30% say the cost of living; 29% say credit card debt; 14% say mortgage payments; 13% say retirement accounts; 3% say kids' tuition.
What keeps you up at night?
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1
My sister and her husband are really, really helping me financially--as in, they are paying my rent and health insurance while I take some time off to get some medical issues taken care of. However, they really want me to move in with them, which might seem like a no-brainer; except I like having my independence and my cats, who I would have to give up because my brother-in-law is deathly allergic.
So it's either find work that will pay the bills(no small feat, as I haven't been able to do that in over a year) or give up my apartment and my pets. There are worse decisions, I know, but this is one I'd rather not have to make.
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2
I am pretty anxious about finding my next job and I am currently employed! I miss the 90's...
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3
Must be keeping a lot of bloggers up at night - over at the NY Times, Lisa Belkin of Motherlode blogged about the exact same WSJ article today...
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4
Hey, guys--I'm relieved some regular WiP-ers re-registered. Sorry again about the platform switcheroo.
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5
You're on wordpress.com, wordpress has decent anti-spammer stuff on their public blog site, so the switch will help with that at least
As far as work is concerned, it's even worse for people with disabilities, doubly so given the McCain health plan. Expect convenient numbers of wheelies et al to be let go depending on circumstances.
And once a wheelie is out of a job, forget getting another one of a more important level than licking envelopes.
I wish I could say I'm being cynical, but I'm not.
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6
I am disabled and I have a job. I don't see how McCain's health plan is going to hurt either one. That said, What keeps me up at night? (that was the question) My husband may be getting laid off, we have just enough income to get by as it is. I am working even though I am disabled, I can't get SSI as my husband makes too much money for me to qualify. Seems a bit unfair, I stayed home to take care of my kids as they were growing up and so I don't qualify for regular SS disability. I guess I should have cheated a bit and not gotten married again, we could have just lived together. Then I could get my disabitily (SSI) checks instead of having to work. Would have qualified to get disability under my late 1st husband's record when I turn 50. But I will continue to work as long as I can even though it is a struggle to be working when I shouldn't be, it's probably just making my disability worse. Oh well, that's life!!! I guess I should count myself lucky to have a job at all...
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