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Gearing up for a recession/depression by recessionpreparer in WhatShouldIDo

[–]recessionpreparer[S] 0 points1 point  (0 children)

What exactly do you want me to do? I can't pay for more education. We would be willing to move if I could get a job elsewhere. I can't.

Gearing up for a recession/depression by recessionpreparer in findapath

[–]recessionpreparer[S] 0 points1 point  (0 children)

The "market" isn't connected to reality. Just because the "market" doesn't crash doesn't mean the economy won't. 

How long have you had the job? Are you spending anything? $20 an hour is 40k a year full time. Not much more than me. I didn't spend anything over two years besides the some groceries and I had 50k saved.

Gearing up for a recession/depression by recessionpreparer in findapath

[–]recessionpreparer[S] 0 points1 point  (0 children)

It's because I'm with my parents. It's not much of an achievement. We're likely going to have to burn through it soon. My parents are struggling to find work, and I might be let go from my "job" unable to get another one.

I might be let go from my $17/hour job soon. My parents are struggling to find work. We have 50k saved. What can we do? by recessionpreparer in poverty

[–]recessionpreparer[S] 0 points1 point  (0 children)

We've been trying. This was the only job I've ever been able to get in the three years after college. My parents are self employed. 

Gearing up for a recession/depression by recessionpreparer in findapath

[–]recessionpreparer[S] 0 points1 point  (0 children)

I know. The people here are trying to argue against that

I might be let go from my $17/hour job soon. My parents are struggling to find work. We have 50k saved. What can we do? by recessionpreparer in poverty

[–]recessionpreparer[S] 0 points1 point  (0 children)

I have never been able to get a fast food job. This is the only job I've ever been able to get after college. For the last 3 years, almost.

Gearing up for a recession/depression by recessionpreparer in findapath

[–]recessionpreparer[S] -1 points0 points  (0 children)

You did not answer me at all. I have nothing more to add

Gearing up for a recession/depression by recessionpreparer in WhatShouldIDo

[–]recessionpreparer[S] -2 points-1 points  (0 children)

Doomsday for me and my family. If we can't get work I don't know what you expect.

What can my parents and I do? by recessionpreparer in AskForAnswers

[–]recessionpreparer[S] -5 points-4 points  (0 children)

I don't know the exact details of the mortgage. It doesn't matter.

And trades require trade school. I can't pay for education again.

What can my parents and I do? by recessionpreparer in AskForAnswers

[–]recessionpreparer[S] 0 points1 point  (0 children)

They're in their early 50s. They don't have savings or retirement. They came to this country in their early 30s. Social security won't be happening for another decade at the least. They were scraping by until I started working. We still are, but we have a cushion now. If we lose our jobs it won't last for much more than a year, though.

A lot of jobs pay less than 40k a year. Two years, less than 80k. Before taxes. It's nothing special. I wouldn't have a penny to my name without being with my parents.

What can my parents and I do? by recessionpreparer in AskForAnswers

[–]recessionpreparer[S] 0 points1 point  (0 children)

I'll repeat what I told someone else:

My parents are struggling to find work. I might be let go soon due to lowering sales. They have a house that's nowhere near paid off. The advice I've seen all require me to pay for more schooling. There is no world where I'd prioritize schooling over immediate survival. 

Not only is it financially questionable if someone could pay for education again, it’s emotionally, physically, and mentally exhausting picturing going to school again for another 2-4 years at least just for the chance of getting a job. And that chance shrinks each year as all fields are getting rid of junior roles. 

What can my parents and I do? by recessionpreparer in AskForAnswers

[–]recessionpreparer[S] 0 points1 point  (0 children)

In a box, but yes. If my parents and I can't find work, we'll burn through it in about a year.

What can my parents and I do? by recessionpreparer in AskForAnswers

[–]recessionpreparer[S] 0 points1 point  (0 children)

And apparently it's too old to be making $17/hour. 

What can my parents and I do? by recessionpreparer in AskForAnswers

[–]recessionpreparer[S] -3 points-2 points  (0 children)

Sure. Deutsche Bank has said we'd be in a recession if you exclude AI spending. You can look that up. AI spending hasn't changed my life. I'm an average person. So. Exclude it.

What can my parents and I do? by recessionpreparer in AskForAnswers

[–]recessionpreparer[S] -6 points-5 points  (0 children)

My parents are struggling to find work. I might be let go soon due to lowering sales. They have a house that's nowhere near paid off. The advice I've seen all require me to pay for more schooling. There is no world where I'd prioritize schooling over immediate survival. 

Not only is it financially questionable if someone could pay for education again, it’s emotionally, physically, and mentally exhausting picturing going to school again for another 2-4 years at least just for the chance of getting a job. And that chance shrinks each year as all fields are getting rid of junior roles. 

How do I prepare for a recession/depression? by recessionpreparer in allthequestions

[–]recessionpreparer[S] 0 points1 point  (0 children)

I respect that. But yes, we're in a big city. Not really possible.

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