How do you feel about your personal financial and job situation?

[ProfJohn]

With all the bad news I am just wondering how people on here feel personally about the economy and how many of them have been negatively effected by it.

I work in a nearly recession proof industry so the only way I lose my job is via my own inability to do the job or if the economy got MUCH worse. Also, since I am salaried my economic situation has not changed one bit since the downturn started. In fact I am in better shape today than a year ago due to changing factors in my personal life.

How about the rest of you P&N nut jobs?

 

[IronWing]

Companies I work with (not for) have been laying off workers left and right, paring down to skeletal staffs. These businesses are tightly bound to the housing/development sector so it is not unexpected.

 

[TallBill]

I'm going to school and using the GI bill to rake in $1470 a month. It's possible that the wife could loser her job I guess. My two part time jobs are not going anywhere either. I'm doing pretty damn good for being a college student. No loans and actually still putting money away.

The only person that I know that has been fired recently got fired because the job that she held was pointless and the company finally realized it. She had a brand new pointless job within 2 weeks.

 

[ProfJohn]

^ part timers have got it worst. There are NO part time jobs it seems. Unless it is seasonal.

Most places are tightening up on hours and over head and part timers are the first to go.

Also, poorer people with little to no skills are in the worst shape by FAR. When I was in Mobile Al in 2002 during the last slow down we did a mass hire for entry level jobs and got all kinds of amazingly talented people who had been laid off and were looking for anything to help make ends meet. People who were making $30-40k were now happy with $7-8 an hour. Was sad in a way.

 

[TallBill]

Originally posted by: ProfJohn
^ part timers have got it worst. There are NO part time jobs it seems. Unless it is seasonal.

Most places are tightening up on hours and over head and part timers are the first to go.

Also, poorer people with little to no skills are in the worst shape by FAR. When I was in Mobile Al in 2002 during the last slow down we did a mass hire for entry level jobs and got all kinds of amazingly talented people who had been laid off and were looking for anything to help make ends meet. People who were making $30-40k were now happy with $7-8 an hour. Was sad in a way.

Well one job is a federal government contractor. I can work 1 to 40 hours every week whenever I want.

Other one is at a college bar that has no shortage of business. Either way, my jobs really only supply spending money for the wife and I.

Edit - And starting within a year I'll be in ROTC earning an extra $400 monthly stipend

 

[Martin]

I work for a well-funded and well-run startup that's not going anywhere, so I'm not worried at all. I'm planning to take 6-12months off next year to travel and hang out, so even if I did somehow lose my job, it wouldn't bother me.

Though I don't let my rosy situation cloud my judgement.

 

[CADsortaGUY]

Originally posted by: ProfJohn
I work in a nearly recession proof industry so the only way I lose my job is via my own inability to do the job or if the economy got MUCH worse. Also, since I am salaried my economic situation has not changed one bit since the downturn started. In fact I am in better shape today than a year ago due to changing factors in my personal life.

This.

 

[daniel49]

has affected my hours, but is not really hurting in any way.
As I avoid debt like a plague and save like a packrat.

 

[KGB]

What is "finical"? :laugh:

 

[daniel49]

Originally posted by: KGBMAN
What is "finical"? :laugh:

I dunno but it is recession proof evidently

 

[ProfJohn]

Originally posted by: daniel49

Originally posted by: KGBMAN
What is "finical"? :laugh:

I dunno but it is recession proof evidently

It is recession proof AND spell checker proof!!!

BTW it is actually a form of 'finicky' oops.

 

[miketheidiot]

my area is booming actually, and you missed the 'have no job' option

 

[ScottMac]

I'm pretty solid; should be getting a decent raise this year as well.

 

[Dissipate]

About 8 people got laid off at my work, then the remaining engineers got their stock options bumped waaay up. My stock options quintupled right after the layoffs.

 

[Slew Foot]

Professor of Anesthesia at a government hospital so Ive got all three booming secotrs (healthcare, education, government) covered.

My job is secure and were scheduled for a decent amount of raises/bonuses this year.

 

[WHAMPOM]

Originally posted by: Dissipate
About 8 people got laid off at my work, then the remaining engineers got their stock options bumped waaay up. My stock options quintupled right after the layoffs.

AH huh! Just remember ENRON. Who cashed out before the stock was known to be worthless?

 

[First]

Recession-proof = insurance salesman scum?

 

[Stunt]

I can honestly say my job is recession proof.

My company makes sanitary food cans used in packaging juices, vegetables, fruit, coffee and petfood. Our orders have increased significantly over the past few months; turns out when people can't afford to go out or buy fresh food, they buy canned products. Most of the food products are farmed domestically and with food regulations being so stringent and the farming industry subsidized like crazy, it cannot be offshored as steel rusts when transported and you are effectively shipping air. Combine that with me being a process engineer where I reduce costs for the company and I am in a pretty good spot even if we go into a depression. I question if they'd want wage concessions if things really went south but I am confident my company would value my experience going through a critical time period. I am expecting a 10-15% raise this year.

:beer:

 

[StageLeft]

Natural inclination to worry. I'm about as secure in my job as I could be, though, but the possibility is always there. We are making more money now than ever, however. I do not know anybody who's lost their job.

 

[biostud]

Working as a teacher I'm pretty sure I won't loose my job, but one of my friends have lost his in b to b computer sales.

 

[rudder]

The last 9 years I have been supporting my family on one salary... not poor by any means but had to watch the pennies. Six months ago the wife started a job as a school teacher so the extra money has allowed me to keep Circuit City afloat at least till Christmas.

 

[SP33Demon]

IT + Government = recession proof.

 

[Possessed Freak]

If I lose my job, then it means the branch campus I work at has closed its doors. Highly unlikely given the demographic we serve.

 

[bl4ckfl4g]

I feel good about my family's jobs. My wife and I work in the for profit education industry and the industry typically does well during recession. My wife just received a 10% raise a couple of weeks ago. I should get one in January. We bought a short sale house a couple months ago for a really good price. Looking good so far. I'm cautiously optimistic that we won't be affected. (crosses fingers)

 

[StageLeft]

Originally posted by: bl4ckfl4g
I feel good about my family's jobs. My wife and I work in the for profit education industry and the industry typically does well during recession. My wife just received a 10% raise a couple of weeks ago. I should get one in January. We bought a short sale house a couple months ago for a really good price. Looking good so far. I'm cautiously optimistic that we won't be affected. (crosses fingers)

mrsskoorb is in that one, too, and got a 15% raise out of the blue. I am not even going to bother asking for one for next year.