Quote:
Originally Posted by Howitzer
Here in Michigan the most common story is job loss, engineers and white collar folks are getting whacked on a daily basis. It usually starts with the termination, they look for local work at month one, month 2 they look out of state, months 3-6 they find a job out of state. At that point their resources are depleted and can't sell their home the only wise financial choice they can make is file bankruptcy and let their home foreclose, how can a salaried 45-50ish person make up for a loss like that?
I used to think like many people on this forum about people and their debt and its easy to say how stupid and bad they are for walking on their debt, just hope you are never in that situation.
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When I think of how precariously close I was it's frightening. Our company has been around for 116 years now, but that doesn't guarantee a thing except that we've been around for a long time. If the doors closed or had I had to take an extended time off due for health/injury issues I'd have been seriously F-ed.
I think I'm still generally sympathetic because I know how easy it is to get yourself in a financial hole, even when you know it's not smart. OTOH I just have a tough time with people just "throwing in the towel" (overly simplistic I know) or expecting the gubmint to fix their personal situation. Those who get in the rut due to job loss have my sympathy, though.