03-28-2009, 09:35 AM
Join Date: Mar 2009
| | Re: Finance in Marriage
Knowing a couple who are barely hanging on during a 2 years unemployment streak, I would urge folks to be humble. Its a pity how many higher paying jobs are being lost in this recession and its forcing many to accept positions in retail, etc, that pay a third, a quarter, even maybe a sixth of what the unemployed person used to make. But personally I wouldn't hesitate to at least be part time in a job like this, unless I were sure a new job was a realistic proposition w/in 6 months.
The fact that big drops in income are likely for a bunch of people these days makes saving for that day all the more important. What's also sad to me is how the "unemployment" rate doesn't care if a banker, plumber, carpenter, works at Starbucks or anything else.