Our new economy: where has it left you?
About a month ago, I received a bleak email at 1am on an early Monday morning. It was from the president of my organization. I read the email on my smart-phone: they were announcing layoffs and paycuts for all remaning staff. The announcement left me unable to get any more rest that night. While my job was spared, I was still left a bit numb and sad.
Layoffs are happening around us in our families and among our circles, left and right. Unemployment benefits will dry up, and, when it does, will we find new jobs? Our IRAs or 529s or other investments are half the size they used to be. News reports constantly read "down with the dow".
And, now, businesses in our beloved Portland seem to be shuttering, one of which is an all time family-favorite, Sip 'n' Kranz ( mentioned on neighborhood notes ). (Note: We stand corrected, Sip 'n' Kranz is still open! We still notice shuttering businesses, including Sal's Favorite Italian kitchen in NPDX and Mercato in NW PDX.)
Will it ever end? How has the economic downturn hit your family? Has your family's economic state been shaken or does it still feel a little status quo?