Underwater… the view for many Americans.
Many “middle class” live well but all that separates them from poverty is a thin thin line called “a job”. Although older, they haven’t saved. And their assets, mainly house and car, have lost value. Many owe more in debt than assets and cash.
The Washington Post has a story about Chrissanda Walker of Fort Meyers, FL, a nursing home executive that lost her job one and half years ago.
Walker used to make $100,000 a year as a nursing home executive until she lost her job a year and a half ago. Unable to find a new one, she shed her business suits and high heels and put on an apron and soft-soled shoes. This year, she and her daughter are living on $11,000: her unemployment benefits plus whatever she can earn selling home-cooked dinners for $10 apiece.
I was impressed with Ms. Walker and those helping her. I like her faith. I like her work ethic. Wil Haygood, the author of the piece, goes into interesting detail but as happens with so many “journalists” they don’t ask the tough questions.
Like… where is your husband Ms. Walker? Or where is the father of your daughter? Why isn’t he helping? And why didn’t you save? What did you buy before, instead of saving, that you regret now? Are you only looking for nursing home executive jobs? Will your job hunt standards change once the unemployment benefits run out? How long, btw, is “fair” for those?
I’d like to see journalists asking tough questions like this to somebody other than Sarah Palin. Wouldn’t you?
I’m pretty well off. I probably save more than many earn each year, but I could save more. And I invest. And I own a business. But I know that it all come crashing down, and quickly. Especially with government assistance (Mr. Obama, Mr. Bernake). So I’m not speaking from the “glass house”. I’m far more irked with Mr. Haygood, than Ms. Walker.
But both represent fundamental problems in America… not planning for the future, and a compliant, complacent, biased media.