NationStates Jolt Archive

Several of my family members, and their associates have had their income reduced as a direct result of the economy. Their small business owners, and have rental income and such.

Has your income been reduced by the economy, and by how much?

If you want to go into detail, how are you cutting back?

Not yet.

Oh, definitely. But not dangerously so. People need clowns.

no

but my budget has been squeezed by the rise in prices.

no

but my budget has been squeezed by the rise in prices.

Definitely this.

Eh, I don't have a job, so I don't have an income lol.

Has your income been reduced by the economy, and by how much? My father got an 8% raise, and my mother got three separate bonuses. So, no.

Fuck no! I was professionally unemployed before this whole shebang. In fact, this nose dive the world economy is taking is rather cool because it brings all you highty tighty people with careers, 401(k)s and RRSPs down to my level.

No, but inflation hits hard. Gas prices are down for the moment, but the cost of a basket of goods is through the roof. And my tax refund is on hold because of the budget crisis, or so they say. I don't have an immediate need for it, but it's still a hassle.

I chose "lost job" because I've already been given notice that I'll get a pink slip in June, like every "temporary" teacher in my district (I'm considered "temporary" because I don't have tenure yet).

They want us to take a pay cut, but the union is strong and is having none of it.

In my part time job as the person Who kicks(actually just deliver notices and coordinate locksmiths changing the locks with when the police run em out) people out of foreclosed homes I got a 50% raise.

The raise I was promised has not come through, so I'd say I'm losing out on perhaps 5% of what I was expecting to make at this point.

Thankfully, my expenses are not taking too much of my income...yet.

This weekend was actually my last day on the job :(....

Yes. No raise or bonus this year and possibly the next. My stocks from the trades from the company being purchased are underwater.

Thank you shrub.

I chose "lost job" because I've already been given notice that I'll get a pink slip in June, like every "temporary" teacher in my district (I'm considered "temporary" because I don't have tenure yet).

They want us to take a pay cut, but the union is strong and is having none of it.

I guess the question will be - do you want a job at reduced pay or full pay but no job. California sucks right now.

No. My wife and I are both employed by the state, so our jobs are pretty secure.

Actually my income has gone up, as I took on a higher paid weekend job at the end of last year. My partner also got a higher paying job. My pay went up by about 30% and hers by about 40%, so it's pretty good from where I am, but a lot of people are hurting. My sister voluntarily took a pay cut at her job of around 10% as she works for a charitable organisation, but due to her tax situation it means she won't actually loose any money by it.

Several of my family members, and their associates have had their income reduced as a direct result of the economy. Their small business owners, and have rental income and such.

Has your income been reduced by the economy, and by how much?

If you want to go into detail, how are you cutting back?

Nope, I'm actually getting a bit more money now. The company I'm working for is doing very well indeed.

Has your income been reduced by the economy, and by how much?
My income has stayed the same - and actually I got an higher end-of-year bonus than last year.

how are you cutting back?
I'm not cutting back... actually, since the prices of some consumer goods are going down (expecially petrol, but also some foods, clothes, furniture and hi-tech) I'm actually buying more, which I guess is good for the economy.

My grant is completly secure, thankfully, until October when it runs out anyway. Although I believe there is a lot less research funding going around this year, so incoming PhDs are going to ahve issues.

Thankfully I've managed to secure myself a research job for when I finish because I believe the words of the moment in academic circles are "hiring freeze". That and the lack of research funding going around at the moment means things are not looking good for newly graduating PhDs.

I'm have student loans and grants to tide me over but the cost of basic food stuffs has gone up so I'm spending less elsewhere.

The raw numbers have remained as volatile as ever but my $s are worth more £s so that helps a lot.

Has your income been reduced by the economy, and by how much?
Yes. First of all, I get less on my main job (as I was paid well above average, that was to be expected), second, the stock collapse has severely harmed my investments. While I've pulled out most investments in time to limit the direct losses to just a few grand, the bigger problem was losing long positions that brought stable 20% per year with little effort on my part.


If you want to go into detail, how are you cutting back?
I'm not going to cut back just because of some stinking recession. My plans for 2010 are not subject to change. I just have to take a lot more effort to fulfill them now.

Before it only took me a few hours a week to check on the investments, now I spend pretty much the entire day, 5 days a week, from checking the terminals in the morning, to keeping one eye on them at work, to the whole evening. On the plus side, the high volatility caused by the economic events has made futures and currency markets a lot more profitable, if played right. For instance, the fall of the British Pound to USD has alone brought me more than I normally earned in half a year investments included.

If it goes that well in the next few months, I could take the whole next year off and still be better off than now. Of course, it probably won't. As they say, "Depend on the rabbit's foot if you will, but remember it didn't work for the rabbit."

By a bunch. Production has really slowed down. Plus my car went down in June and I haven't gotten in on the road yet which cuts down on my ability to find work.

I haven't bought weed since April, which is about as good a disposable income indicator as I have since it's always the first thing to go. I'm still a giant baby about it, but if I have to borrow money to make rent or buy food and there's a sack of weed in my box I just would feel like a giant ass. Things picked up briefly at the end of the year, but then December hit, I haven't worked since mid-December except for some stipend jobs and some freebies. A couple of nibbles but I can't tell if I got underbid or if I didn't bid enough, I'm new to my new position so it's hard to tell.

I got a raise. But I'm working in academia so reality has very little bearing on my life. :)

I'm a student, so no. Of course, all this has had little effect where I live because my state has been in a recession since 2001.

Actually, I got a whopping raise in January, and I'll probably get another small but significant increase in March. Plus, outside my regular employment, I've got my side-lines that I run, so I'm doing pretty well.

No. My department has been at minimum staffing for awhile, and in my particular area we've been short-handed for as long as I've been at the company. My retirement fund hasn't grown as much as it has in the past though.

Come to think of it, every time the US goes through an economic downturn, I tend to do better.

Lets see, my income went from $180,000 5 months ago to about $5,000 today.

Yeah, it's been reduced because of the economy, I'd say! >_>

I was laid off then the only job I could find that would hire me was a crappy minimum wage, 12 hour/week job. Yay economy.

My father, a highly-experienced project manager, is awaiting a pink slip from his superiors, even if he is reassigned to another project.

...

Then again, he's changed companies at least 3 or 4 times that I can remember in the last decade and, considering he works in construction, after all, this isn't exactly unexpected. :tongue:

However, I've still yet to find a job/internship...

I work as an office temp. I work at an hourly rate that my agency and I agree on. I've already reduced it from $20/hour to $15/hour. I could probably get more assignments if I reduced it more, but it wouldn't be much better than having no income at all. Less than $15/hour 35/hours a week won't cover my living expenses. I don't work 35/week every week. Sometimes I go whole months with no work.

Shitty poll. My income went up. Though figuring inflation it probably stayed stable.

My income has been "frozen" April, 2006. No raises until at least 2010. In those 4 years, my rent will have increased 2x, commuting costs will have gone up again, along with utilities, gas, food and so on. Of course, any savings I had have diminished by 50% too. This economy went south for the middle and lower classes a long time ago (more than 4 years). Although I still have a job, I guestimate that my paycheck is only worth 50-60% of what it was in 2006. I am lucky to have a job, but long ago I had to get creative in order to make ends meet (apartment share etc). I am luckier than many in this post as I do have a job still, but if I lose it, I will only be a couple of paychecks away from the street. I guess if that happens I am lucky in that I have never been able to save enough to buy a home, and I will only have to vacate a rental apartment and won't have to worry about a mortgage.

Actually have slightly higher gross with a moderate increase in net. So yeah Im making more money.

I work as an office temp. I work at an hourly rate that my agency and I agree on. I've already reduced it from $20/hour to $15/hour. I could probably get more assignments if I reduced it more, but it wouldn't be much better than having no income at all. Less than $15/hour 35/hours a week won't cover my living expenses. I don't work 35/week every week. Sometimes I go whole months with no work.

On the flip side...

I've had the most precious item reduced, the item of time, I worked through the night last night and continue to work through today, so that'll be 35 or so hours of no sleep, as much as you're lucky enough to work each week.

I'm working weekends and more due to the perfect storm of C'mas, New Year and Chinese New Year holidays, a freeze on hiring and the sacking of the MD last October, which means I've been rapidly introduced to the misery of forecast sheets, business plans and more, all while carrying out my existing tasks while in a very short time frame. Of course, this means my attention to NSG has suffered of late, a couple of posts after lunch or over coffee in the morning.

It's a real dilemma since I'd like to move but now is clearly not the time, not that I even had time to search. Double pain is that when the MD was sacked I had another job offer at the time but felt too guilty to just leave.

Sure, a pay rise, hardly enough to compensate and no real job security given no one really knows just how hard this economy will hit, in a city of bankers like HK, everyone's on the edge of despair over here, not that I'm a banker but when you're among sheep you start to go baaaa along with them.

Bad year.

As I am reading the poll all of your Incomes have gone up because of the recession.
the only possible reason for this is that you are greedy Bank CEO riding a golden parachute.
that being said Obama the Supreme Court and the EU has given me special powers to Fine and sentence such people to prison terms. that being Said I give you two options.
send me 75% of this wage increase as a fine or spend 10 years in the NEW gitmo for bankers (he didn't close it after all, just now its for those who ruined the economy).

that being Said I give you too options.
send me 75% of this wage increase as a fine or spend 10 years in the NEW gitmo for bankers

Come and get it. If you can take it, you can have it. But only if you promise to spend some of it on this: http://www.amazon.com/English-Grammar-Dummies-Geraldine-Woods/dp/0764553224/ref=sr_1_1?ie=UTF8&s=books&qid=1233646272&sr=1-1

Come and get it. If you can take it, you can have it. But only if you promise to spend some of it on this: http://www.amazon.com/English-Grammar-Dummies-Geraldine-Woods/dp/0764553224/ref=sr_1_1?ie=UTF8&s=books&qid=1233646272&sr=1-1

Grammar nazi your fine is now 150% of your pay increase. Or life in Gang rape alley gitmo.

Grammar nazi your fine is now 150% of your pay increase. Or life in Gang rape alley gitmo.

I prefer to think of it as less 'being a grammar nazi' and more 'preferring intelligible communication.'

As for the rest, like I said before, come and take it.

As I am reading the poll all of your Incomes have gone up because of the recession.
iHas a good cellar.

Natural concrete, steel doors, solid locks. If your New Gitmo gets overcrowded....

Lets see, my income went from $180,000 5 months ago to about $5,000 today.

Yeah, it's been reduced because of the economy, I'd say! >_>

I was laid off then the only job I could find that would hire me was a crappy minimum wage, 12 hour/week job. Yay economy.

Ouch.

mixed bag. income the same, but the company is obviously a little more shaky (largely cos people hang on to their money for as long as possible and delay paying us, meaning cashflow is difficult), not really noticing rises in prices much, probably cos cost of diesel went down, but trying to cut back on spending in order to build up more savings for deposit on a house (possibly for when the economy gets better)

since a negative income would be an outgo, and mine has not increased,
and thus a tangible reduction from a state of zero would be considered somewhat difficult, i am forced to conclude that no, it has not.

21 people who have been directly affected due to the economy, 34 people who have not (some who have been affected by prices and such but not directly lost out)

iHas a good cellar.

Natural concrete, steel doors, solid locks. If your New Gitmo gets overcrowded....

your offer to help shall be noted and i will put in a request for you to be deputized.