So yesterday, a whole lotta folks went to work in the US only to learn that they were about to join the ranks of all those other folks who in the past year have lost their jobs. Yep, the good ole American economy shed what, 70,000 gigs in one day and we know more cuts are coming. If you still have a piece of job with a 401K plan, your plan is worth less than it used to be and if you are unlucky, you might work at one of the many companies that is cutting the employer match. On the bright side, you still have a job.
With news like this becoming the norm, why is it any wonder that the consumer confidence level keeps dropping….really? One does not need a Ph.D in economics to know the economy is hitting everyone and now is the time to hold onto whatever piece of change you have. I suspect this summer folks will be opting to take stay-cations rather than vacations…swap homes with friends, camping at the local state park or my personal favorite, no vacation. Seriously, the spousal unit and I have not taken a vacation in years and barring a miracle we won’t be taking one this year.
Last week, I had to do the food pick-up for my job, since we are small non-profit the local food pantry gives us food for our program. Anyway it was my first time at the food pantry, and I gotta tell you, some of the folks there surprised the shit out of me. Nice middle class looking folks shopping for eats at the pantry, that’s when I knew this shit was getting real, when I saw Volvos parked out front and saw folks with bags getting in them.
No ya’ll we are in a financial crisis so thick that I really don’t know how we are going to save ourselves. Next month, I have to deal with having less money myself as one of the hubby’s clients has reduced their work with him. It seems I won’t need any willpower to forgo that drink from Starbucks since right now having done the budget, I simply won’t be able to afford one more than once a week if I am lucky.
No man, we are all crying the blues but I just want to know where is my bailout?