Even after an extension of unemployment benefits to 99 weeks, many of those about to go off the program are in a quandary. Scott Pelley talks to some of them in Silicon Valley.
Life lesson: if you earn 200k a year, buy a simple house and pay it off as quickly as possible and save as much as you can after that. People get lulled into imagining they are irreplaceable, will always have a high paying job and can afford an expensive lifestyle, but at the end of the day if you earn a wage or a salary you can be fired and replaced any time. Never overestimate your value to a company or institution, they will probably survive a recession but you are expendable.
Ill never forget when I graduated from high school my classmates and I were thrusted into chaos. We wait in line for 8 hrs just to get an interview! Not to mention the colossal lines in community colleges just hoping to get at very least an elective class. As we embark in this new economic crisis I pray we will all pull through again.
That first lady out of work for over two years they asked her what she would be willing to do-"the lowest position I would consider is a county clerk"! She really must think her shit don't stink.
I watch these stories and think "by the grace of God go we". That could have been us. My wife and I have been so lucky that we have avoided unemployment. I pray for these families.
This feels like a hundred years ago and I just want to remind folks the reason that the collapse happened in 2008 was due to over priced unaffordable real estate has come back with a vengeance. The same problem states; California, Nevada, Florida and Arizona and now add on Texas, New York, Pennsylvania, and Washington State. The same issues and the same problem all over again. We will have another taste of this please be prepared. Please learn from the past.
I have a master's degree and have been out of work for almost 2 years. Please don't make rude comments about people who receive unemployment benefits.Things are a lot harder than you think. Just pray it doesn't happen to your or your family.
I understand how you feel,but think about how people who have been struggling before covid-19 been mistreated by those who are more fortunate. Now those same fortunate people are in the same situation as the poor.. karma has caught with America for being greedy and selfish to the poor.
Hello...agreed 100% I never post anything online because I am blessed to have a job! And posting things online is a huge waste of time! Have some compassion for those that are still hurting, and suffering!
@@razojacqueline Hi Raquel, I’m currently working part time by choice at a daycare. I don’t really like it but at least I have some income. Thank you for asking!
There is an economic reccomendation to that effect where they put them on contract to say effectviely "hey when we can you'll be interviews first before new blood". Or was it a law...
germany had it right. they paid for half the salaries of employes of companies who were in a downturn. better to keep them working and spending, than collecting un employment benefits
I'm old now and worked hard all my life. I lived frugally and still do though I don't have to anymore. Does anyone else remember all the folks who didn't all those boom years in the 80's, 90's and till 2008? When I see people my age blustering about having, "Worked hard all my life!" I want to ask, "Hey, weren't you one of the jerks I saw wasting their money on nifty vacations, too much house and worthless toys?" Truth is, when bad times come and you're not prepared, you suffer.
I was in California back in 2011, I knew that our economy was in deep trouble. Jobs were very scarce. I left after 9 months of not being able to land a job.
@hablerz You are right on the mark. Someone making $20,000 a year is spending $30,000 per year. And someone who makes $200,000 per year is spending $250,000... Everyone wants to live beyond their means and credit is the way they do it. The truth is, if you're making $200,000 per year you can easily live on $40,000 and bank and invest $160,000. But people making $200K have an image to keep up. Need the new Lexus, big home in an exclusive neighborhood, and in the end you're broke...
I'm 67 and that is something I have always followed never carried any debt I worked a job in retail retired 2 years ago no pension just Social Security I do have a small 401k and Roth IRA and I have about a Year's liquid savings paid off my mortgage no car payment if nothing else I hope people have learned from this pandemic about Job losses if and when you get back to work never spend more than you make no matter how small save
I am blessed to have been born in 1942. I never have been on unemployment, and at 70, I am comfortable. I have always shared my income with others, who needed help, so God has blessed me so far....
There but by the grace of God go we. I lost my job in 2008 and did not secure solid full time employment until late 2010. I am grateful for the extended unemployment benefits as we were able to keep our home. The backup plan would have been to move in with my parents.
I'm the guy who was interviewed on RT news (Unemployed 99er speaks out). I've been job hunting everywhere under the sun since JANUARY 2009! I can build and repair computers, but don't even get called back by McDonald's! I'm living in my dad's dining room, fixing computers from home for $40 to survive (everyone around here is on welfare/under-employed and can't afford what my services are actually worth - $100+). There's just no jobs, and I can't afford to move anywhere. Can't even drive anymore.
I bought a car for 1000 dollars. It runs, gets 35mpg, and is a perfect commuter. 1k is not hard to come up with...If you are collecting unemployment, I'm sure you can come up with it. I would sell your current car, it's not permanent and you can always get a better one when you are in better shape. What's your masters in? I have no degree, I have lived off of ramen noodles and sandwiches for months at a time, I had to take a pay cut until I found a better job in another state.
Jackson Fever . If these skilled people would do what you have done; they wouldn’t need 99 weeks of unemployment benefits! They seem to be clinging to the good times, and are very reluctant to let go of the good times.
By the grace of God go we. My parents faired well compared to most during the GFC. My sister and I were in 8th and 10th grade in 2008. My dad was unemployed for only 4 months and my moms hours were cut by 1/4 for a while. But that was the worst of it. I’m we we and are incredibly grateful for how fortunate we’ve been. My sister and I are grown now with families and homes of our own. I pray no one has to suffer this again.
Just gets to show that you always have to have your own side hustle while you work for a company. Build it slowly and steadily. If the company pick slips you, your side hustle could keep you from drowning. It may even eclipse your company pay over time. Then you have control and options. Always have a side hustle and stack that money.
I have to agree. even if you have a small skill you turn into money from time to time already. If you're unemployed you can go full-steam ahead with it. Like if you sell your own organic products once a month at a flea market, you can make it be every weekend if you got more time on your hands to cultivate that business for CASH FLOW 💲💲
What could you do though? Im getting older, taking on several bills and im terrified to really start to further my life at the moment because im financially paranoid at the moment. Like I work really hard but im so average at everything I do. I start thinking im good at guitar! But there are people way better etc... I need to figure something out. I dont think im genuinely passionate about anything other than creative writing. Im so anxious I have trouble creating meaningful connections that could help so I probably need to work on that
Do Uber, Lyft, or delivery driving as starting side businesses and then build bigger side businesses from there. Those delivery and driver apps allow you to choose your own hours and can pay you each day (if you have bills that need to be paid right away).
I lost my job in Aug 2008 and did not find full time employment again until May 2010. Thankfully I fought for my unemployment benefits and was able to get temp jobs and by the grace of God did not fall behind in any bills. I wish the best to everybody out there who is looking for work.
This makes me want to save every extra penny I have. I think so many people never thought they would be unemployed long-term. But I really feel for those who have children. That has to be tough!
In a recession, degrees do not matter. At that point, its about experience. 2008 was all about greed, depending on a system. And that system is made of debt. The sad thing is people depended on this stupid system of stocks, IRA, 401k.. yet, none of them invested in actual, stable assets like gold. Amazingly, gold was the only thing that exploded up while everything went down. Reality is, America was humbled. To see Americans lining up for food is unthinkable, yet, we're going to see this happen again soon. Another real estate bubble, a HUGE bond bubble, and stock bubble is popping before our very eyes
Unemployment can actually pay as high as 600/wk. It depends on your state and how they calculate it. A guy I knew was collecting unemployment in Texas and getting close to 2k/month. With that and financial aid because he was in school, he was making enough that he lived comfortably. He would apply for jobs and put ridiculous expected wages in order to not get hired to keep his unemployment. Some people are REALLY trying to get a job, some people make them look bad, such as that guy.
@@shaereub4450 Yeah, I'm not being political. I don't want to argue. However, I do believe that Trump's handling of the economy was excellent. He could fire up the economy with deregulation. Biden is going back free trade with China. I agree free trade will be an initial boost to the economy, but we restart the massive wealth transfer China again and begin the job destruction again. And this time I think (if Biden comes to power) he deploys modern monetary theory and the country ends up poorer and weaker.
This problem of people not being able to retire also has an affect on the job markets. I'm an underemployed pharmacist and our market is so saturated that a lot of us are having a hard time finding stable employment. The pharmacist who are in their 70s and 80s still working are making an already bad situation worst for the rest of us
Nazaree Hines-Starr Are those the ones that can retire? The ones that are 70 and 80. Standing in our space. A lot of them are greedy, selfish and don’t know it.
@@adbc1f72 well you can see both sides of the coin because a lot of older workers health decline once they retire with no one to help take care of them.then on the other end they could be ruining the rest of their health by staying in their stressful jobs and keeping up the routine. I think it works for some as it does not work for. Ai Chihuahua! This is a very complicated on some levels.
I'm 40 now and still employed as a field service technician in the Bay Area. I've worked hard all of my life. I've never asked for a loan from the government when I was going to college. I was working full time to support my family while going to school. I wish I can help out everyone out but there is just so much of us-Americans. The world can be a better a place if we all show our kindness and caring. Have God's faith he will reward you.
So what I've noticed is the majority of people are not aware of the economic cycle we have every 10 to 15 yrs. I saw what happened on 2008 and I lived through the lanes at the local church to get free food.. my parents were pay check to pay check and up to these days it hasn't change.. which led me to find answers and people who've made it and aren't surviving and it is possible to avoid all the hardships of an economy recession and prepare for later years, I changed completely, all my spending habits, instead of spending on pleasures I invested on myself, books and courses. I've learned you must pay yourself first and place that money to work so payer on your money will work for you. I recently turned 25 and I found the way to financial freedom for my later years. These people thought their employer and government would take care of them once retired but as we all have seen that's not the case nowadays. Is truly sad, and the next recession is coming. Don't spend of things you don't need like a 500-600 dollar car payment and a mortgage you can't afford while making less than 50k a year it just doesn't work! If you made it this far, I'd like to recommend "The richest man in Babylon" that book has the key to become wealthy, the rich simply know things we the common folks don't, there's plenty of money for everybody but you need to chnage within and have a different mindset, do it for your future.
It's probably the mortgage, property taxes, deductibles, maybe carnotes and saving for their kids college. Now maybe they could have purchased a cheaper home
What's next? Homelessness, poverty, and mental illness. The United States, especially in the suburbs, is debt-based. 30 year mortgage, car payments, car insurance, property tax, and income tax.
Sell your large home get something smaller. Go down to one car. Buy bargain food and products. Visit your local food pantry. Sell expensive clothes. Shop at a local department store for clothes, or lical good will. I did all of these things and I am still just getting by. Remember your four walls take care of those expenses first. Utilities, food, and gas for your only car. God bless.
Even in Good Times people need to revert back to spending less and save money I've always shopped garage sales Goodwill these type of places I bought a small home took a 30 year mortgage and pay that house off in 14 years no car payment no debt I worked retail 20 years quitting 2 years ago my only income is social security of 1069 and as soon as that hits the bank I put $200 straight to savings I'm living in Illinois I also shop markdown areas of the store for meat and other products. I do believe people are learning to live on less because we're being forced to so when times get good again keep some of those ideals in place
I came out school and turned 18 right in time for the recession. Imagine trying to find a job with no experience in this market? Most depressing time of my life.
My VP of Finance salaried job ended Nov 2008, my child support was $2100 / month for two kids, because i had child support issues I would not qualify for unemployment. Here it is 26 months later, I have gone through all savings. Your 99ers was shown on our NBC station. I realized i was not alone. Thank you for your group.
"Too young to retire and too old to rehire." -Scott Pelley. Why on earth do people need to work into their sixties for retirement? Retirement for the majority of Americans is a myth. Also Congress is proposing to increase the retirement age. If anything they should lower it. We live in the 21st century.
The best thing is first sell the house and move where you can live when this happens and hope that you do not get robbed by the police before you spend your money from selling your home.
@zvz2010 I'm with you. I have over 20 years of technical and business administration experience. And a couple of years ago I found myself unemployed and took a job as a school bus driver to pay the bills. You have to do what you have to do sometimes. I have a better job more related to my background now, but still a contractor hoping to get a permanent position. Definitely a different world out there. Best wishes to you.
@moonrunrs I agree. I just got an entry level job and halfway through my MBA. I don't want to get too experienced b/c I don't want to get laid off 4 or 5 years now. F Corporate America
I am a 99er and never have seen things so bad especially in Oregon. Unempoyment needs to be extended past that point. People need to get it regardless of how many weeks they have been out of work. 99rs have been out there experiencing the TRUTH. There are NO JOBS. I am panicing and it has been 1 1/2 years and companies do not care at all if you are out of work. Until the attutude changes in this world things will never ever get better here in Portland oregon.
Companies take many things into consideration when downsizing. My last employer took into account seniority. Anyone with the company less than five years was let go. My last employer was doing extremely well five-six years ago and increased its staff. When the recession hit and our main competitor was brought out by a foreign corporation, panic set in and downsizing happened and any employee with the company less than six years was cut--which was half of the company.
That guy didn’t even know how much a week he was getting in unemployment. Nice (sarcasm)... I remember what I got when I had to go on it: $150 a week and then the second time: $270 a week. Don’t know how you forget. It’s humiliating but also a lifeline. I was never on it for more than 3 months.
I remember having a fulltime job one week. Had the weekend off and lost half my hours. Horrible year. It was sad lost my credit and defaulted on bills. Yet blessed I had a job at least. Bittersweet when you think about how others had it worst
I knew Silicon Valley was unsustainable and I took advantage of the downturn to buy a home in SoCal/OC and moved in 2010 during the great recession. Scariest move in my then-young professional life but I knew the writing was on the wall with those crazy real estate prices in Nor Cal. People need to see what is coming and make chess moves before they get caught, I don't really have pity for them, but I do wish them well.
Thanks for posting the truth of how bad it is here in Portland and the US. the entry level jobs are being cut out completely and never will be back. The few call centers that are left all said NO to me for something that is not even my falt. MSI laid me off in early 2009 when they moved to Arkansas for lower wages. It has been 1 1/2 years now and nothing in sight. Things are HORRIBLE here. I am single and no kids and an Accounting degree and can find NOTHING. I hate Portland!!!!!
If the government calculated the unemployment rate today the exact same way using the excact same methodology (unemployed+underemployed+leaving labor force+taking disabilty instead of working, etc.) of the Great Depression, then you get a REAL UNEMPLOYMENT RATE OF 23%.
@almetcalf Wow!! We don't have a Retreat, yet. But have an Aunt in a very rural farming town, and another with 6 acres closer to us. My Spouse got a job where we are, and are hoping to get back home, when he can transfer. You are right, and people STILL stick their collective heads in the sand, The game has changed, and we are so far removed from how to be self sustaining.. We are getting htere, so are you!! God bless
god bless the person that posted this video of the truth in the matter. I have spent 1 /2 years looking for work here in Portland and the REAL unemployment rate here is at least 45% or more. Food kitchens and homeless shelters are all full and no one has money any more except the rich. no one is paying bills and I thought I would get a job soon when the call center i worked for laid me and 190 others off to outsource to another state for lower wages. Our minimum wage is too high here.
We need to talk about automation and job losses. No matter who gets into wh, one must solve the problem automation destroys jobs, 80m in 16 years, according to an article by Merrill Lynch. Automation destroys jobs and towns. What to do? No jobs, no family, then addiction and depression...scary
This is one of the best reports I've seen from 60 minutes. My only complaint about it is that the reporter didn't say the true unemployment rate, which is over 30%.
I was unemployed for longer than 99-weeks. When I finally found a job it was a huge pay cut but I was so happy to be working again. 3-years later my salary has doubled and I'm slowly working my way back to what I used to earn. The struggle is real.
If there is deep-seated discrimination against older workers, 99 or 200 weeks still would be enough! 🤣 That picture that is, an older worker sins in the resume, they zoom all the way down immediately to high school 1962 graduated and probably slide it into the shredder. NEXT!!!!! It's in the can before they see the person's name! 😳 by the way, I'm not for one moment believe that this is completely Nationwide from one end to the otherthem discriminating against older workers. Just today a silver-haired lady was introduced to our team as the new employee! Nothing new down here in in Florida working office. I think those big cities are very discriminatory and don't like to project too much maturity onto their image. there are ideal candidate would be someone 21 years old with the brain of an 81 year old. 😆
If I was them, I would take any job just for a paycheck but they won't cause they want a certain lifestyle and the women never will cause they only go for upward prospects
@PamelaRP Pam I am a accounting major too and I temp in office doing seceratary work. Figures. If I were you, apply jobs with the federal government (IRS). I have applied at about 10 jobs with the IRS and had my final interview last week. I think I may get the job, but I will have to move to New York, I live in Missouri. Whatever you do stay positivie. This is byfar the hardest thing I have ever gone through. I really hope I get this job and I hope thing work out for you.
Just face the fact, we are overpopulated and baby boomers cannot afford to retire. With overpopulation, people not retiring and the ability to pay cheaper salaries for overseas work makes for an unstable economic environment.
Audio most of those boomers instead saving, and telling their kids that they are going to have to pay for there own college. signed loan agreements to refinance. And most of them did it so they could add a pool, gazebo, kitchen & bath remodel. Apparently, simply having your house paid off wasn’t good enough.
I don't think people know how hard it is. I am currently temping and looking for work, but it is very hard. I am hoping to get a job with the IRS and get past this whole problem. I really dissapointed about the government and feel like this problem is not going to leave anytime soon. Everyone keep fighting.
I can't afford to move because I can't find a job!!! I can't even afford to drive anymore (failed smog test, too poor to fix it, or buy gas, so it now has expired tags and sits up in the driveway). I've been applying everywhere under the sun since January 2009. I can build and repair computers, have work experience, clean record, etc. I don't even get called back by McDonald's.
In the UK you get unemployment for 24 weeks. Once this time expires any benefits are means tested. If you have savings of over £16k or your partner works you get nothing. Im 60 this coming Monday and have been unemployed for 16 months. The same attitudes to older job seekers exist here.
@TheAnnoyingTroll7 free-market education is superior to any that can be provided by government a prime example of one of the fundamental flaws with government funding is that government funded organizations inherently rely on thinking in which decisions are made from the top and imposed on the lower levels. This stifles the ingenuity of the people who have firsthand experience actually doing the work and defers decision making to bureaucrats and committees.
@pfreem8 True. The root of the problem is that we have the best government money can buy and our reps make deals that keep them in office, benefit a select few, and send the bill to us.
@pvbaelen Jefferson also said something equally & chillingly prophetic: "I fear the people will one day forget themselves - all but for the making of money."
I became unemployed in 2003 at 56. Now I'm 63. No one will hire anyone at 59+. What saved America during the 1930's was WWII. Hence, the government (in the form of military service) put people back to work not private enterprises.
@psiewert83 "A privately held company is under no obligation to give an employee a raise to match inflation." That is correct and thats why workers with rights have unions to negotiate with the company on whats fair.No workers working, no profit ether. Its a two way street. Of course you cant see why infaltion is a argument.You want people to become poorer and poorer. Because thats what would happen if you didnt get a raise to even offset it.You would effectively be paid less for the same job.
@savgal1211 It is amazing to me how few people are willing to do what you did. We also sold our house 3 years ago, moved 1200 miles, paid cash for a country place and are out of debt. People didn't see what was coming then and they don't see it now. All signs point to it getting much worse. Unless of course they take us to war. But even then it will be bad.
Taxpayers would be appalled at the exorbitant salaries of over-paid school administrators! According to the Washington, DC Examiner, 2007 salaries for: Michelle Rhee, Chancellor: $275,000 Richard Nyankori, Special Assistant to the Chancellor: $140,000 Kaya Henderson, Deputy Chancellor: $200,000 Lisa Ruda, Chief of Staff: $200,000 Jesus Aguirre, Transition Assistant: $150,000 Jenny Abramson, Transition Team Leader: $140,000 John Davis, Transition Assistant: $125,000
YOU ARE RIGHT. THERE ARE MANY JOBS THAT CAN BE SELF EMPLOYMENT. ANSWERING SERVICES, DOG WALKING, TYPING OR PROOFREADING SERVICES, STUFFING ENVELOPES, POLLING, FREE LANCE CREATIVE WORK, SHOPPING FOR THOSE TOO BUSY TO DO IT, TOUR GUIDES, SEAMSTRESS, CAR WASHER. FREELANCE REPORTER OR PHOTOGRAPHER, SUMMERYS OF MANUSCRIPTS FOR PUBLISHERS (READERS) WRITER OF MAGAZINE ARTICLES, NEWSPAPER OR BOOKS. PARALEGAL (i.e. RESEARCHER). THE POSSIBILITIES ARE ENDLESS,
@WilliamW1979, may I humbly recommend listening to "A Marines Disquisition" especially on Thursdays with Bob Chapman?! This radio program is specifically for veterans like yourself. Take care!
@Anothercoilgun Wow...sorry to hear this. I hope you and your family will pull through. If it was not for my family I would be homeless. So sick of reading comments from people who have no clue how hard it is. The only jobs available are either temp or part time earning less than $15 per hour these days. My last employer downsized 55% of its staff. I don't think 55% of the people laid off due to underperforming. Companies do not wait to shed dead weight; that is the biggest misconception.
Two thousand people applying for five positions; perhaps the unemployed people living in the Silicon Valley should seriously consider moving to another state that has a vibrant economy.
I do collections in Massachusttes for one of the largest credit unions in the country and we can't keep up with the work that is coming in. The econonmy is getting worse. Don't believe the media BS that it is getting better. the reason the unemployment rate is going down is because a whole flux of people are dropping off after 99 weeks.
I am doing a research paper on unemployment for my college english class. I am making an oral presentation using power point and would like to use this video in my presentation. I was wondering if you could send me a copy of this video so I can use it in my presentation?
What a sobering report. There is no easy way out of this...and more government debt is not the answer. Unfortunately as a nation we lived beyond our means or too long and as a result we are now forced to live below our means. I am concerned that the rebalancing period will take longer than most people think. In this economy when people lose their job I think an error many make is trying to preserve thier old lifestyle...they need to begin cutting expenses immediately...to preserve options.
(con't) Also, I'd be very lucky to even get $500 for my current '84 Ford Tempo. I don't have any degree - Why should I bother? I thought about going to school when I was younger, but I had nothing but severe family problems and was stuck in poverty, riding a bicycle everywhere, then I left my emotionally abusive mom. My life has been such a huge mess, and I've been struggling for years, doing as much as I can.
People times have changed! Look how technology has changed. 1) In 1935 released the first reel-to-reel tape recorder 2) 1960'S eight-track cartridge, eight-track tape, 3)The Compact Cassette, Between the mid 1970s often referred to as audio cassette. 4) 1990 A Compact Disc (aka CD) is an optical disc used to store digital data. 5) With the advent of the MP3 in the 2000s, BUT KIDS YOU GO DO WHAT YOUR GREAT GRANDPARENTS DID. GO TO SCHOOL, GET IN DEBT, THEN LOOK FOR SAFE & SECURE JOB! WAKE UP!!!!!
LOST CAUSE Mortgages are usually 30 yrs. Some are 15 yrs. Even if it was paid off the ever increasing property taxes can cause a person to lose their house.
Yeah but that's why you pay off your house n then save. Your property taxes will never be as much as your mortgage. My mortgage is 1400 a month. Property taxes are 3000 a year I'd have to save less than 300 a month to pay them versus 1400. Pay your house off quick
Richard Sanchez yes sir, job one in American life is to find a way to pay off your house as fast as you can. I’m 36yrs old and i paid off my 300k mortgage in ten years...Btw, I’m a part time Auto Tech and Factory Maintenance Worker... nothing special.
@edwardwills Also, we stored alot of Hershey's cocoa, kije 20 lbs in the Food Saver machine! Think "Variety", you or kids will get real sick of the same thing and you will want comfort foods, we also have guns and ammo, alot! This is very paramount! Non hybrid seeds and a friens with farm land, also for a good back up. we all need a yr of food stored till a garden gets going! I have 50 lbs of corn meal for tortillas, noone can smell them cooking, good for OPSEC!!
They need to tell people how bad things really are instead of trying to say on the news that the rate today is 9.2%. Here in Oregon there are no jobs and all the call centers here have left. NAAFTA has put millions and millions of call center workers out of work moving the call centers to other states with lower minimum wages. It happened to me. I have looked and looked and looked and have an Accounting Degree that is a 5 year degree. I cannot find work. I am going to lose everything. I hate PL.
@delialopezforcongres Very true. Same thing happened to two little boys in Westchester County who opened a bake sale stand to help raise money for a church. A local councilman (a Dem no less) sent the cops to shut the stand down. These kids were required to have a $350 permit just to operate their stand. Vote for the candidate people--not the damn party.
@pfreem8 You are absolutely right there. People must take responsibility for their actions. But it is also true that there is a huge shift taking place in our country and the middle class is being robbed blind because the money that is being saved is becoming more and more worthless through inflation of the money supply. Either way, people must take responsibility, though, because the masses of people vote for politicians who promise to "give them things" which are not theirs to promise.
@Dems4Lunch Or maybe the workers should start demanding better treatment on the job. Ever heard of something called "workers' rights?" Or is that phrase considered an obscenity in the Glenn Beck Conservapedia?
Life lesson: if you earn 200k a year, buy a simple house and pay it off as quickly as possible and save as much as you can after that. People get lulled into imagining they are irreplaceable, will always have a high paying job and can afford an expensive lifestyle, but at the end of the day if you earn a wage or a salary you can be fired and replaced any time. Never overestimate your value to a company or institution, they will probably survive a recession but you are expendable.
Ill never forget when I graduated from high school my classmates and I were thrusted into chaos. We wait in line for 8 hrs just to get an interview! Not to mention the colossal lines in community colleges just hoping to get at very least an elective class. As we embark in this new economic crisis I pray we will all pull through again.
@@rj091710 :/
and loyalty doesn’t exist anymore even when you do MORE than your job.
Very wise words. Always be pessimistic and prepare for the worst. Sooner or later it will happen.
That first lady out of work for over two years they asked her what she would be willing to do-"the lowest position I would consider is a county clerk"! She really must think her shit don't stink.
I watch these stories and think "by the grace of God go we". That could have been us. My wife and I have been so lucky that we have avoided unemployment. I pray for these families.
As a 23-year-old young professional working 40 hrs making good money; the thought of loosing my job is frightening.
This feels like a hundred years ago and I just want to remind folks the reason that the collapse happened in 2008 was due to over priced unaffordable real estate has come back with a vengeance. The same problem states; California, Nevada, Florida and Arizona and now add on Texas, New York, Pennsylvania, and Washington State. The same issues and the same problem all over again.
We will have another taste of this please be prepared. Please learn from the past.
I have a master's degree and have been out of work for almost 2 years. Please don't make rude comments about people who receive unemployment benefits.Things are a lot harder than you think. Just pray it doesn't happen to your or your family.
I understand how you feel,but think about how people who have been struggling before covid-19 been mistreated by those who are more fortunate. Now those same fortunate people are in the same situation as the poor.. karma has caught with America for being greedy and selfish to the poor.
Hello...agreed 100% I never post anything online because I am blessed to have a job! And posting things online is a huge waste of time! Have some compassion for those that are still hurting, and suffering!
I’m wondering how you are doing now that everyone is hiring?
@@razojacqueline Hi Raquel, I’m currently working part time by choice at a daycare. I don’t really like it but at least I have some income. Thank you for asking!
@@trunuyorker7 I’m glad you are doing better. Wishing you lots of good fortune.
It would be nice if they re interviewed these people, it is very heartbreaking that we have to struggle so much to survive.
There is an economic reccomendation to that effect where they put them on contract to say effectviely "hey when we can you'll be interviews first before new blood". Or was it a law...
It is NOT a recession ... It is labor deletion !!! These JOBS never coming back.
Inflation is higher than your led to believe.
Devaluation of money has painfully happened.
Outright greed of the species.
germany had it right. they paid for half the salaries of employes of companies who were in a downturn. better to keep them working and spending, than collecting un employment benefits
I'm old now and worked hard all my life. I lived frugally and still do though I don't have to anymore. Does anyone else remember all the folks who didn't all those boom years in the 80's, 90's and till 2008? When I see people my age blustering about having, "Worked hard all my life!" I want to ask, "Hey, weren't you one of the jerks I saw wasting their money on nifty vacations, too much house and worthless toys?" Truth is, when bad times come and you're not prepared, you suffer.
I was in California back in 2011, I knew that our economy was in deep trouble. Jobs were very scarce. I left after 9 months of not being able to land a job.
Kipper Lane Where did you go?
@hablerz You are right on the mark. Someone making $20,000 a year is spending $30,000 per year. And someone who makes $200,000 per year is spending $250,000... Everyone wants to live beyond their means and credit is the way they do it. The truth is, if you're making $200,000 per year you can easily live on $40,000 and bank and invest $160,000. But people making $200K have an image to keep up. Need the new Lexus, big home in an exclusive neighborhood, and in the end you're broke...
PEOPLE NEED TO LEARN TO LIVE MODESTLY FOR THE NEXT DECADE. GET RID OF YOUR DEBTS NOW.
I'm 67 and that is something I have always followed never carried any debt I worked a job in retail retired 2 years ago no pension just Social Security I do have a small 401k and Roth IRA and I have about a Year's liquid savings paid off my mortgage no car payment if nothing else I hope people have learned from this pandemic about Job losses if and when you get back to work never spend more than you make no matter how small save
And you expect them to learn this by… screaming at them? Good luck with that.
I am blessed to have been born in 1942. I never have been on unemployment, and at 70, I am comfortable. I have always shared
my income with others, who needed help, so God has blessed me so far....
G.od is made up.
Amen. God is faithful.
And may he go on blessing you.
There but by the grace of God go we. I lost my job in 2008 and did not secure solid full time employment until late 2010. I am grateful for the extended unemployment benefits as we were able to keep our home. The backup plan would have been to move in with my parents.
I'm the guy who was interviewed on RT news (Unemployed 99er speaks out). I've been job hunting everywhere under the sun since JANUARY 2009! I can build and repair computers, but don't even get called back by McDonald's! I'm living in my dad's dining room, fixing computers from home for $40 to survive (everyone around here is on welfare/under-employed and can't afford what my services are actually worth - $100+). There's just no jobs, and I can't afford to move anywhere. Can't even drive anymore.
I bought a car for 1000 dollars. It runs, gets 35mpg, and is a perfect commuter. 1k is not hard to come up with...If you are collecting unemployment, I'm sure you can come up with it. I would sell your current car, it's not permanent and you can always get a better one when you are in better shape. What's your masters in? I have no degree, I have lived off of ramen noodles and sandwiches for months at a time, I had to take a pay cut until I found a better job in another state.
Jackson Fever . If these skilled people would do what you have done; they wouldn’t need 99 weeks of unemployment benefits!
They seem to be clinging to the good times, and are very reluctant to let go of the good times.
By the grace of God go we. My parents faired well compared to most during the GFC. My sister and I were in 8th and 10th grade in 2008. My dad was unemployed for only 4 months and my moms hours were cut by 1/4 for a while. But that was the worst of it. I’m we we and are incredibly grateful for how fortunate we’ve been. My sister and I are grown now with families and homes of our own. I pray no one has to suffer this again.
Just gets to show that you always have to have your own side hustle while you work for a company. Build it slowly and steadily. If the company pick slips you, your side hustle could keep you from drowning. It may even eclipse your company pay over time. Then you have control and options. Always have a side hustle and stack that money.
gnahthe I was just saying the same to my husband..currently looking ideas for small business
I have to agree. even if you have a small skill you turn into money from time to time already. If you're unemployed you can go full-steam ahead with it. Like if you sell your own organic products once a month at a flea market, you can make it be every weekend if you got more time on your hands to cultivate that business for CASH FLOW 💲💲
What could you do though? Im getting older, taking on several bills and im terrified to really start to further my life at the moment because im financially paranoid at the moment.
Like I work really hard but im so average at everything I do. I start thinking im good at guitar! But there are people way better etc... I need to figure something out. I dont think im genuinely passionate about anything other than creative writing. Im so anxious I have trouble creating meaningful connections that could help so I probably need to work on that
Do Uber, Lyft, or delivery driving as starting side businesses and then build bigger side businesses from there. Those delivery and driver apps allow you to choose your own hours and can pay you each day (if you have bills that need to be paid right away).
I lost my job in Aug 2008 and did not find full time employment again until May 2010. Thankfully I fought for my unemployment benefits and was able to get temp jobs and by the grace of God did not fall behind in any bills. I wish the best to everybody out there who is looking for work.
This makes me want to save every extra penny I have. I think so many people never thought they would be unemployed long-term. But I really feel for those who have children. That has to be tough!
In a recession, degrees do not matter. At that point, its about experience. 2008 was all about greed, depending on a system. And that system is made of debt. The sad thing is people depended on this stupid system of stocks, IRA, 401k.. yet, none of them invested in actual, stable assets like gold. Amazingly, gold was the only thing that exploded up while everything went down. Reality is, America was humbled. To see Americans lining up for food is unthinkable, yet, we're going to see this happen again soon. Another real estate bubble, a HUGE bond bubble, and stock bubble is popping before our very eyes
Unemployment can actually pay as high as 600/wk. It depends on your state and how they calculate it. A guy I knew was collecting unemployment in Texas and getting close to 2k/month. With that and financial aid because he was in school, he was making enough that he lived comfortably. He would apply for jobs and put ridiculous expected wages in order to not get hired to keep his unemployment. Some people are REALLY trying to get a job, some people make them look bad, such as that guy.
I wish 60 minutes could revisit everyone and see how everyone ended up now that the economy is at full employment.
This didn't age well.
@@shaereub4450 Yeah, I'm not being political. I don't want to argue. However, I do believe that Trump's handling of the economy was excellent. He could fire up the economy with deregulation. Biden is going back free trade with China. I agree free trade will be an initial boost to the economy, but we restart the massive wealth transfer China again and begin the job destruction again. And this time I think (if Biden comes to power) he deploys modern monetary theory and the country ends up poorer and weaker.
@@WallaceRoseVincent Hopefully you had that same energy with Obama. Because Trump did the exact same thing as Obama lol
This problem of people not being able to retire also has an affect on the job markets. I'm an underemployed pharmacist and our market is so saturated that a lot of us are having a hard time finding stable employment. The pharmacist who are in their 70s and 80s still working are making an already bad situation worst for the rest of us
Nazaree Hines-Starr
Are those the ones that can retire? The ones that are 70 and 80. Standing in our space. A lot of them are greedy, selfish and don’t know it.
So what you're saying is we should take all the old people out to the backyard and put them out to pasture?
Yep
@@adbc1f72 well you can see both sides of the coin because a lot of older workers health decline once they retire with no one to help take care of them.then on the other end they could be ruining the rest of their health by staying in their stressful jobs and keeping up the routine. I think it works for some as it does not work for. Ai Chihuahua! This is a very complicated on some levels.
Fear and Greed. People are putting their trust in money and not trusting in God. THEY CAN NEVER GET ENOUGH OF MORE ! ! !
I'm 40 now and still employed as a field service technician in the Bay Area. I've worked hard all of my life. I've never asked for a loan from the government when I was going to college. I was working full time to support my family while going to school. I wish I can help out everyone out but there is just so much of us-Americans. The world can be a better a place if we all show our kindness and caring. Have God's faith he will reward you.
So what I've noticed is the majority of people are not aware of the economic cycle we have every 10 to 15 yrs. I saw what happened on 2008 and I lived through the lanes at the local church to get free food.. my parents were pay check to pay check and up to these days it hasn't change.. which led me to find answers and people who've made it and aren't surviving and it is possible to avoid all the hardships of an economy recession and prepare for later years, I changed completely, all my spending habits, instead of spending on pleasures I invested on myself, books and courses. I've learned you must pay yourself first and place that money to work so payer on your money will work for you. I recently turned 25 and I found the way to financial freedom for my later years. These people thought their employer and government would take care of them once retired but as we all have seen that's not the case nowadays. Is truly sad, and the next recession is coming. Don't spend of things you don't need like a 500-600 dollar car payment and a mortgage you can't afford while making less than 50k a year it just doesn't work! If you made it this far, I'd like to recommend "The richest man in Babylon" that book has the key to become wealthy, the rich simply know things we the common folks don't, there's plenty of money for everybody but you need to chnage within and have a different mindset, do it for your future.
200,000 wow where is the money? We earned less but bought a modest home and paid off the mortgage. 475 a week wow...
It's probably the mortgage, property taxes, deductibles, maybe carnotes and saving for their kids college. Now maybe they could have purchased a cheaper home
Sillicone valley, san jose, san francisco rents/ mortgage are exagerating high. 200k is nothing there.
What's next? Homelessness, poverty, and mental illness.
The United States, especially in the suburbs, is debt-based. 30 year mortgage, car payments, car insurance, property tax, and income tax.
When you've been earning $200,000 a year, $475 a week for unemployment is small. In my state, average weekly unemployment benefit: $111.
Depends where
Sell your large home get something smaller. Go down to one car. Buy bargain food and products. Visit your local food pantry. Sell expensive clothes. Shop at a local department store for clothes, or lical good will. I did all of these things and I am still just getting by. Remember your four walls take care of those expenses first. Utilities, food, and gas for your only car. God bless.
Even in Good Times people need to revert back to spending less and save money I've always shopped garage sales Goodwill these type of places I bought a small home took a 30 year mortgage and pay that house off in 14 years no car payment no debt I worked retail 20 years quitting 2 years ago my only income is social security of 1069 and as soon as that hits the bank I put $200 straight to savings I'm living in Illinois I also shop markdown areas of the store for meat and other products. I do believe people are learning to live on less because we're being forced to so when times get good again keep some of those ideals in place
I came out school and turned 18 right in time for the recession. Imagine trying to find a job with no experience in this market? Most depressing time of my life.
this is too sad :(
Noting has changed
My VP of Finance salaried job ended Nov 2008, my child support was $2100 / month for two kids, because i had child support issues I would not qualify for unemployment. Here it is 26 months later, I have gone through all savings. Your 99ers was shown on our NBC station. I realized i was not alone. Thank you for your group.
"Too young to retire and too old to rehire." -Scott Pelley. Why on earth do people need to work into their sixties for retirement? Retirement for the majority of Americans is a myth. Also Congress is proposing to increase the retirement age. If anything they should lower it. We live in the 21st century.
Exactly.
cheezbag
What!!! Raise the retirement age? Now thats just adding insult to injury. Im so disgusted in America as a whole.
Luz Figueroa They are gonna raise the retirement age to 76.
The best thing is first sell the house and move where you can live when this happens and hope that you do not get robbed by the police before you spend your money from selling your home.
I had to leave my home state (Ny) and move to sw Ohio in March 22. Cost of housing in Ny is insane.
@zvz2010 I'm with you. I have over 20 years of technical and business administration experience. And a couple of years ago I found myself unemployed and took a job as a school bus driver to pay the bills. You have to do what you have to do sometimes. I have a better job more related to my background now, but still a contractor hoping to get a permanent position. Definitely a different world out there. Best wishes to you.
@moonrunrs I agree. I just got an entry level job and halfway through my MBA. I don't want to get too experienced b/c I don't want to get laid off 4 or 5 years now. F Corporate America
I am a 59 year old construction worker in Texas and was told I have to speak Spanish to work in Texas
I am a 99er and never have seen things so bad especially in Oregon. Unempoyment needs to be extended past that point. People need to get it regardless of how many weeks they have been out of work. 99rs have been out there experiencing the TRUTH. There are NO JOBS. I am panicing and it has been 1 1/2 years and companies do not care at all if you are out of work. Until the attutude changes in this world things will never ever get better here in Portland oregon.
A personnel administrator who likely had a hand in laying others off now finds himself on the receiving end of karma
Well done to that Lady Claudia Bruce, when I see you I will give you a massive hug. Keep it up
Companies take many things into consideration when downsizing. My last employer took into account seniority. Anyone with the company less than five years was let go. My last employer was doing extremely well five-six years ago and increased its staff. When the recession hit and our main competitor was brought out by a foreign corporation, panic set in and downsizing happened and any employee with the company less than six years was cut--which was half of the company.
That guy didn’t even know how much a week he was getting in unemployment. Nice (sarcasm)... I remember what I got when I had to go on it: $150 a week and then the second time: $270 a week. Don’t know how you forget. It’s humiliating but also a lifeline. I was never on it for more than 3 months.
Anyone watching this in 2024?
Indeed so. Watching from the United Kingdom. Things are just as bad over here.
I remember having a fulltime job one week. Had the weekend off and lost half my hours. Horrible year. It was sad lost my credit and defaulted on bills. Yet blessed I had a job at least. Bittersweet when you think about how others had it worst
I knew Silicon Valley was unsustainable and I took advantage of the downturn to buy a home in SoCal/OC and moved in 2010 during the great recession. Scariest move in my then-young professional life but I knew the writing was on the wall with those crazy real estate prices in Nor Cal. People need to see what is coming and make chess moves before they get caught, I don't really have pity for them, but I do wish them well.
Thanks for posting the truth of how bad it is here in Portland and the US. the entry level jobs are being cut out completely and never will be back. The few call centers that are left all said NO to me for something that is not even my falt. MSI laid me off in early 2009 when they moved to Arkansas for lower wages. It has been 1 1/2 years now and nothing in sight. Things are HORRIBLE here. I am single and no kids and an Accounting degree and can find NOTHING. I hate Portland!!!!!
I did not have that when I lost my job in 2017. If I am going to loose my home I would rather sell and find a place in the middle of nowhere.
What’s the job market like now in 2019 in the Silicon Valley ?
If the government calculated the unemployment rate today the exact same way using the excact same methodology (unemployed+underemployed+leaving labor force+taking disabilty instead of working, etc.) of the Great Depression, then you get a REAL UNEMPLOYMENT RATE OF 23%.
@almetcalf Wow!! We don't have a Retreat, yet. But have an Aunt in a very rural farming town, and another with 6 acres closer to us. My Spouse got a job where we are, and are hoping to get back home, when he can transfer.
You are right, and people STILL stick their collective heads in the sand, The game has changed, and we are so far removed from how to be self sustaining.. We are getting htere, so are you!! God bless
god bless the person that posted this video of the truth in the matter. I have spent 1 /2 years looking for work here in Portland and the REAL unemployment rate here is at least 45% or more. Food kitchens and homeless shelters are all full and no one has money any more except the rich. no one is paying bills and I thought I would get a job soon when the call center i worked for laid me and 190 others off to outsource to another state for lower wages. Our minimum wage is too high here.
We need to talk about automation and job losses. No matter who gets into wh, one must solve the problem automation destroys jobs, 80m in 16 years, according to an article by Merrill Lynch. Automation destroys jobs and towns. What to do? No jobs, no family, then addiction and depression...scary
This is one of the best reports I've seen from 60 minutes. My only complaint about it is that the reporter didn't say the true unemployment rate, which is over 30%.
99 weeks is a lot of time to find "a" job. But maybe not enough time to find one that paid as well or near as well as what they had before.
I was unemployed for longer than 99-weeks. When I finally found a job it was a huge pay cut but I was so happy to be working again. 3-years later my salary has doubled and I'm slowly working my way back to what I used to earn. The struggle is real.
If there is deep-seated discrimination against older workers, 99 or 200 weeks still would be enough! 🤣 That picture that is, an older worker sins in the resume, they zoom all the way down immediately to high school 1962 graduated and probably slide it into the shredder. NEXT!!!!! It's in the can before they see the person's name! 😳 by the way, I'm not for one moment believe that this is completely Nationwide from one end to the otherthem discriminating against older workers. Just today a silver-haired lady was introduced to our team as the new employee! Nothing new down here in in Florida working office. I think those big cities are very discriminatory and don't like to project too much maturity onto their image. there are ideal candidate would be someone 21 years old with the brain of an 81 year old. 😆
If I was them, I would take any job just for a paycheck but they won't cause they want a certain lifestyle and the women never will cause they only go for upward prospects
@PamelaRP Pam I am a accounting major too and I temp in office doing seceratary work. Figures. If I were you, apply jobs with the federal government (IRS). I have applied at about 10 jobs with the IRS and had my final interview last week. I think I may get the job, but I will have to move to New York, I live in Missouri. Whatever you do stay positivie. This is byfar the hardest thing I have ever gone through. I really hope I get this job and I hope thing work out for you.
Just face the fact, we are overpopulated and baby boomers cannot afford to retire. With overpopulation, people not retiring and the ability to pay cheaper salaries for overseas work makes for an unstable economic environment.
zincink the Great Recession was a chickens coming home to roost moment for baby boomers. And they wonder why gen-Xers and millennials are so cynical.
Audio most of those boomers instead saving, and telling their kids that they are going to have to pay for there own college. signed loan agreements to refinance. And most of them did it so they could add a pool, gazebo, kitchen & bath remodel. Apparently, simply having your house paid off wasn’t good enough.
The woman in the beginning of this video that said a county clerk positon was "the lowest she would go" explains it all.
Amen brother, amen!
I don't think people know how hard it is. I am currently temping and looking for work, but it is very hard. I am hoping to get a job with the IRS and get past this whole problem. I really dissapointed about the government and feel like this problem is not going to leave anytime soon. Everyone keep fighting.
I can't afford to move because I can't find a job!!! I can't even afford to drive anymore (failed smog test, too poor to fix it, or buy gas, so it now has expired tags and sits up in the driveway). I've been applying everywhere under the sun since January 2009. I can build and repair computers, have work experience, clean record, etc. I don't even get called back by McDonald's.
Now thts HOPE and CHANGE you can Believe in.
In the UK you get unemployment for 24 weeks. Once this time expires any benefits are means tested. If you have savings of over £16k or your partner works you get nothing. Im 60 this coming Monday and have been unemployed for 16 months. The same attitudes to older job seekers exist here.
Wow
And history repeats itself. I am one of the unemployed currently.
@TheAnnoyingTroll7 free-market education is superior to any that can be provided by government a prime example of one of the fundamental flaws with government funding is that government funded organizations inherently rely on thinking in which decisions are made from the top and imposed on the lower levels. This stifles the ingenuity of the people who have firsthand experience actually doing the work and defers decision making to bureaucrats and committees.
I know plenty of people that will be thrilled to make 475 a week but they don't have high over head.
That is more take-home pay than I made when I worked
@pfreem8 True. The root of the problem is that we have the best government money can buy and our reps make deals that keep them in office, benefit a select few, and send the bill to us.
@pvbaelen Jefferson also said something equally & chillingly prophetic:
"I fear the people will one day forget themselves - all but for the making of money."
So much for a future for those who are young and going to college on the loan.
I became unemployed in 2003 at 56. Now I'm 63. No one will hire anyone at 59+. What saved America during the 1930's was WWII. Hence, the government (in the form of military service) put people back to work not private enterprises.
@psiewert83
"A privately held company is under no obligation to give an employee a raise to match inflation."
That is correct and thats why workers with rights have unions to negotiate with the company on whats fair.No workers working, no profit ether. Its a two way street.
Of course you cant see why infaltion is a argument.You want people to become poorer and poorer. Because thats what would happen if you didnt get a raise to even offset it.You would effectively be paid less for the same job.
@savgal1211 It is amazing to me how few people are willing to do what you did. We also sold our house 3 years ago, moved 1200 miles, paid cash for a country place and are out of debt. People didn't see what was coming then and they don't see it now. All signs point to it getting much worse. Unless of course they take us to war. But even then it will be bad.
Taxpayers would be appalled at the exorbitant salaries of over-paid school administrators!
According to the Washington, DC Examiner, 2007 salaries for:
Michelle Rhee, Chancellor: $275,000
Richard Nyankori, Special Assistant to the Chancellor: $140,000
Kaya Henderson, Deputy Chancellor: $200,000
Lisa Ruda, Chief of Staff: $200,000
Jesus Aguirre, Transition Assistant: $150,000
Jenny Abramson, Transition Team Leader: $140,000
John Davis, Transition Assistant: $125,000
Too young to retire, too old to re-hire. 😮
i'm in the same boat, doctorate degree and working as a sub teacher.
I would open my own babysitting service, cleaning etc., then to sit on my behind for 2 years or more! Any job beats a zero!_
YOU ARE RIGHT. THERE ARE MANY JOBS THAT CAN BE SELF EMPLOYMENT. ANSWERING SERVICES,
DOG WALKING, TYPING OR PROOFREADING SERVICES, STUFFING ENVELOPES, POLLING, FREE LANCE
CREATIVE WORK, SHOPPING FOR THOSE TOO BUSY TO DO IT, TOUR GUIDES, SEAMSTRESS, CAR WASHER.
FREELANCE REPORTER OR PHOTOGRAPHER, SUMMERYS OF MANUSCRIPTS FOR PUBLISHERS (READERS)
WRITER OF MAGAZINE ARTICLES, NEWSPAPER OR BOOKS. PARALEGAL (i.e. RESEARCHER).
THE POSSIBILITIES ARE ENDLESS,
@WilliamW1979, may I humbly recommend listening to "A Marines Disquisition" especially on Thursdays with Bob Chapman?! This radio program is specifically for veterans like yourself. Take care!
@Anothercoilgun Wow...sorry to hear this. I hope you and your family will pull through. If it was not for my family I would be homeless. So sick of reading comments from people who have no clue how hard it is. The only jobs available are either temp or part time earning less than $15 per hour these days. My last employer downsized 55% of its staff. I don't think 55% of the people laid off due to underperforming. Companies do not wait to shed dead weight; that is the biggest misconception.
Two thousand people applying for five positions; perhaps the unemployed people living in the Silicon Valley should seriously consider moving to another state that has a vibrant economy.
I do collections in Massachusttes for one of the largest credit unions in the country and we can't keep up with the work that is coming in. The econonmy is getting worse. Don't believe the media BS that it is getting better. the reason the unemployment rate is going down is because a whole flux of people are dropping off after 99 weeks.
I am doing a research paper on unemployment for my college english class. I am making an oral presentation using power point and would like to use this video in my presentation. I was wondering if you could send me a copy of this video so I can use it in my presentation?
What a sobering report. There is no easy way out of this...and more government debt is not the answer. Unfortunately as a nation we lived beyond our means or too long and as a result we are now forced to live below our means. I am concerned that the rebalancing period will take longer than most people think. In this economy when people lose their job I think an error many make is trying to preserve thier old lifestyle...they need to begin cutting expenses immediately...to preserve options.
why not?
(con't) Also, I'd be very lucky to even get $500 for my current '84 Ford Tempo. I don't have any degree - Why should I bother? I thought about going to school when I was younger, but I had nothing but severe family problems and was stuck in poverty, riding a bicycle everywhere, then I left my emotionally abusive mom. My life has been such a huge mess, and I've been struggling for years, doing as much as I can.
@oilhammer04, CBS should do a show on how well folks are doing in in Texas.
People times have changed! Look how technology has changed. 1) In 1935 released the first reel-to-reel tape recorder 2) 1960'S eight-track cartridge, eight-track tape, 3)The Compact Cassette, Between the mid 1970s often referred to as audio cassette. 4) 1990 A Compact Disc (aka CD) is an optical disc used to store digital data. 5) With the advent of the MP3 in the 2000s, BUT KIDS YOU GO DO WHAT YOUR GREAT GRANDPARENTS DID. GO TO SCHOOL, GET IN DEBT, THEN LOOK FOR SAFE & SECURE JOB! WAKE UP!!!!!
@4:52 - this woman has been in a house for 28 years and it is not paid off. WTF I can't feel sorry for her.
LOST CAUSE
Mortgages are usually 30 yrs. Some are 15 yrs. Even if it was paid off the ever increasing property taxes can cause a person to lose their house.
Yeah but that's why you pay off your house n then save. Your property taxes will never be as much as your mortgage. My mortgage is 1400 a month. Property taxes are 3000 a year I'd have to save less than 300 a month to pay them versus 1400. Pay your house off quick
Richard Sanchez yes sir, job one in American life is to find a way to pay off your house as fast as you can. I’m 36yrs old and i paid off my 300k mortgage in ten years...Btw, I’m a part time Auto Tech and Factory Maintenance Worker... nothing special.
@edwardwills Also, we stored alot of Hershey's cocoa, kije 20 lbs in the Food Saver machine! Think "Variety", you or kids will get real sick of the same thing and you will want comfort foods, we also have guns and ammo, alot! This is very paramount!
Non hybrid seeds and a friens with farm land, also for a good back up. we all need a yr of food stored till a garden gets going! I have 50 lbs of corn meal for tortillas, noone can smell them cooking, good for OPSEC!!
@M3e1td0wn THANK YOU, THANK YOU, THANK YOU. Well said. Very insightful.
Im curious, TexasFighter - what kind of consulting business do you run..?
They need to tell people how bad things really are instead of trying to say on the news that the rate today is 9.2%. Here in Oregon there are no jobs and all the call centers here have left. NAAFTA has put millions and millions of call center workers out of work moving the call centers to other states with lower minimum wages. It happened to me. I have looked and looked and looked and have an Accounting Degree that is a 5 year degree. I cannot find work. I am going to lose everything. I hate PL.
A true 99er' shops only at the 99cents store.
Lol!! 🤭😂
@delialopezforcongres Very true. Same thing happened to two little boys in Westchester County who opened a bake sale stand to help raise money for a church. A local councilman (a Dem no less) sent the cops to shut the stand down. These kids were required to have a $350 permit just to operate their stand. Vote for the candidate people--not the damn party.
I feel so sorry for that lady.
@pfreem8 You are absolutely right there. People must take responsibility for their actions. But it is also true that there is a huge shift taking place in our country and the middle class is being robbed blind because the money that is being saved is becoming more and more worthless through inflation of the money supply. Either way, people must take responsibility, though, because the masses of people vote for politicians who promise to "give them things" which are not theirs to promise.
@TAMARLANE Not at all, I was trying to put the issue in perspective. Why would you think it was such a thing?
@Dems4Lunch Or maybe the workers should start demanding better treatment on the job. Ever heard of something called "workers' rights?" Or is that phrase considered an obscenity in the Glenn Beck Conservapedia?
9:16 is it me or does that bread look a little green?