Last month I lost 1/4 of my retirement savings. That’s 10 years of savings, 25% gone. I had a heart attack when I opened the envelope. I wasn’t thinking. If I had been, I wouldn’t have even looked. I would have filed the statement in the envelope, like I will this months statement.
Then, I read Caroldee’s blog and I was sad. So, I looked it up and sure enough, it’s true. GM is closing the Wyoming plant, the oldest GM plant and the last GM plan in Michigan. If you know your history, then you know that this is also the old Fisher Body Plant No. 1, and that brings the tie right to me. My Grandpa in Michigan was a lineman at Fisher Body No. 2 “Baby Fisher”, in Lansing, Michigan.
It seems like lately, there have been lots of “it’s an end of an era” going on. I seem to hear something every day that something else that we’ve “always known” is going. I imagine that this was quite the way of it for those folks going through the Great Depression, which tells me that we are in a depression. Ironically, “Help!” by the Beatles is on the radio right now.
I’m sad and I’m scared. How far are things going to go. How are we going to recover? When are things going to change?
Normally I don’t talk politics here. It’s just a set up to get scorched. But in this case I have to say, yesterday, Obama said it right: “…one word that’s on everyone’s mind, and it’s easy to spell. J-O-B-S”.
He’s right, it’s just not about am I better off than I was 4 years ago or 8 years ago, it’s about if I’m even going to survive the next 4 with out filing for bankruptcy. Am I going to lose my house? Am I going to lose my job? Now me, I’m not going to lose these things (unless I get caught writing this at work like I am *wink*, *wink*)
We need American jobs. Americans now are paid 50% less than they were 4 years ago. And, the cost of living has gone up and the value of a dollar isn’t what it used to be. Michigan has lost over 500,000 jobs, just in the Auto industry. Now those folks are working in a job that pays maybe 1/3 of what they made before. They are taking on 2 jobs. Teenagers cannot find work because the adults are taking the Fast food, Pizza delivery, Grocery bag person jobs. I know this is true and CBS even did an expose on it. I remember watching the segment.
And, don’t even get me started on the value of my house. It’s not worth what it was even a year ago. By over 25%.
And all this because of the love of Money. I’m not surprised about what people will do for money. I’ve seen it. They will sell their father to the “retirement” home and take all his money. They will sell their friends out. They will sell their children off. Money is vital, necessary & causes just as much grief as joy. In times like this, its grief.
So I suggest we are sensible. Set goals. Save money, don’t buy everything in sight, even if you can afford to. Save. Save. Save. Because, you’ll never know when you’re the one looking for a job after hard economic times.
— Fizz —