Unemployment thread

[DeAngelo Beason]

On 3/27/2020 at 10:35 PM, CatTower said:

eeeee

 

Worth noting, the US moved away from the gold standard in 1971.

It's not that people were spending way more.  It's that their money was worth way less...

[Khyber53]

14 minutes ago, DeAngelo Beason said:

Worth noting, the US moved away from the gold standard in 1971.

It's not that people were spending way more.  It's that their money was worth way less...

You're right. See, we can print practically unlimited amounts of money. Gold, well, there just isn't a way to make matter...

But hey, it is really much more complicated than that.

You can also say that about the same time we brought that top end income tax down from the 70% rate in 1981. That's also about the time that American industry started moving offshore. So many causes...

[*FreeFua*]

1 hour ago, CanadianCat said:

Manitoba

Nice, me too 

[MGH1989]

On 3/27/2020 at 11:45 AM, rayzor said:

I live and work in a small rural area where 2 of the biggest non-healthcare employers had to close up and lay nearly everyone off. In a matter of just a few days over 1200 people got laid off and there are more to come. 

I'm trying to avoid saying anything about my situation, but I'm in management and it's not looking good. Best case scenario is I take a demotion. Not very likely that will happen, though. I have a full-time job that is likely going to end and a part time job that is on hold and my wife was a substitute teacher. I help take care of my aged parents and pay their utilities in addition to all my own family's bills. 

Needless to say, a lot depends on my ability to provide. I was actually just getting ready to take a third needed job, but that's on hold as well. I have 180k left in student loans. 

My situation was hard before all this blew up. Now? Ugh.

 

I see your 180k and raise you my my 200k + in loans.

[4Corners]

13 hours ago, The Huddler said:

any nurse

Yeah but the head nurse is the head nurse 

[CanadianCat]

1 hour ago, *FreeFua* said:

Nice, me too 

poo really?! Thats awesome. Im in Steinbach. 

I thought I was the only Carolina fan in a 1000 km's from here!

[stbugs]

1 hour ago, MGH1989 said:

I see your 180k and raise you my my 200k + in loans.

This boggles my mind. I’d never let any of my son’s build up that kind of student loan debt. I don’t mean to make light of your situation, but that puts you so far behind to start. My son’s a freshman at Clemson (home right now) and we are covering as much as we can but he’ll still have $20-25k or so in loans which is very manageable. Hoping my other two stay in state (he’s got a good scholarship but still a bit above say UNC) but I’d still want them with a little bit of skin in the game. Too many good state schools to go a Duke route and we can’t afford to pay $280k to help them without destroying our retirement. Even if you come out making $100k, that loan amount is a burden. Good luck.

[Wes21]

1 hour ago, MGH1989 said:

I see your 180k and raise you my my 200k + in loans.

I see your $200k.  That's it, I am just letting you know I see it.  My total at the end was $30k.  I went to Michigan State.

[*FreeFua*]

23 minutes ago, CanadianCat said:

poo really?! Thats awesome. Im in Steinbach. 

I thought I was the only Carolina fan in a 1000 km's from here!

Yep I’m in Winnipeg. Figured you were just outside the city when you said Manitoba and not Winnipeg. 

I’ve seen a handful of people with Panthers stuff in the city but yeah, there aren’t many.

You should try to make it down to Minny or GB this season with the RoaringRiot (assuming there’s a season). Always a good time. 

[Paintballr]

Not to make light of any situation, and not to change the subject....

and I mean this in the nicest way, but why the hell would anyone go to school and rack up 180k(or anything sizeable debt over 30-40k) in student loans unless you are going into a field where you are set for life? I get it, out of state schools and some schools are fun, but to be in that amount of debt at 23 years old and not own anything except a piece of paper I don’t understand 

(this is coming from someone who only completed 1 years of CPCC) 

[rayzor]

2 hours ago, MGH1989 said:

I see your 180k and raise you my my 200k + in loans.

Yow. It sucks. Literally. It sucks the life right out if you having that hanging over your head. Regrets?

[rayzor]

8 minutes ago, Paintballr said:

Not to make light of any situation, and not to change the subject....

and I mean this in the nicest way, but why the hell would anyone go to school and rack up 180k in student loans unless you are going into a field where you are set for life? I get it, out of state schools and some schools are fun, but to be in that amount of debt at 23 years old and not own anything except a piece of paper I don’t understand 

(this is coming from someone who only completed 1 years of CPCC) 

I was supposed to be (set for life, that is). I had friends who graduated and were walking into $75-90k a year jobs. An MBA was supposed to matter and give me a significant leg up on everything. The school I went to was expensive, for sure, but the job market and potential salaries (at the time) were worth it. 

When I was in school the economy was booming and people were hiring big time. I remember having discussions about it not being a matter of if we would be millionaires but just how long it would take. Sounds incredibly silly now, but considering what people were working for at the time and the jobs that were available, it was a pretty realistic conversation to have.

Then 9-11 and the dot.com bust happened and reality hit. I knew it wasn't sustainable, but I didn't realize how badly and for how long things would tank.

[Paintballr]

42 minutes ago, rayzor said:

I was supposed to be (set for life, that is). I had friends who graduated and were walking into $75-90k a year jobs. An MBA was supposed to matter and give me a significant leg up on everything. The school I went to was expensive, for sure, but the job market and potential salaries (at the time) were worth it. 

When I was in school the economy was booming and people were hiring big time. I remember having discussions about it not being a matter of if we would be millionaires but just how long it would take. Sounds incredibly silly now, but considering what people were working for at the time and the jobs that were available, it was a pretty realistic conversation to have.

Then 9-11 and the dot.com bust happened and reality hit. I knew it wasn't sustainable, but I didn't realize how badly and for how long things would tank.

Gotcha, you are/were a different time than me (not by much). I’ll be 32 this year and made the mistake of taking a private student loan out for CPCC and trying to take the “typical path” of not working/focusing on school. 
 

I hated it, was terrible at it and had bad habits form high school that carried over to college. Ended up staying a year in school and stopped going to focus on a retail job. Luckily I’ve stuck with the same company for almost 13 years now, they treat us very well and I’m a district manager that is making what I shouldn’t be making without that paper. I hope that this next generation realizes that you don’t need that paper or to go into such sufficient debt that you can’t get out of it 20 years later. My current employer offers me to go to school at Arizona State University for free online, but my grades are such poo from that first year of school that I would have to pay out of pocket for the first semester or two and then I can get in and they pay for it. I might do it since they pay for it, but any other way I won’t go back.

[Paa Langfart]

Has anyone actually seen a check or direct deposit for their unemployment yet ?