Science Economic effects

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How has your employment income changed in the last couple of months?

  • Still working, making more than before!

  • Still working, no change in income

  • Still working, but making less...

  • Was working before, but not anymore

  • Was unemployed, and I'm still unemployed

  • Retired

  • Student

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barfo

barfo

triggered obsessive commie pinko boomer maniac
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Just wondering about our forum demographics.

barfo
 
I’m a UPS driver. Been working long ass days. A little paranoid that everyone I deliver to has the virus.

Residential deliveries have been crazy. Lots of home improvement projects, wine, toilet paper, Clorox products.

I’ve been driving 9 years so I have no worries of getting laid off if things get real bad.

I consider myself lucky as I know a lot of people who have had their job effected
 
retired but the wife and I lost a lot of IRA value...didn't plan to tap into retirement funds until I reach 70 and have to....capital gains tax is brutal in Oregon..wife is getting unemployment and we'll use the 2400 for the big bills in the fall...we're fine out here in the woods...can't spend it anyway
 
riverman said:
retired but the wife and I lost a lot of IRA value...didn't plan to tap into retirement funds until I reach 70 and have to....capital gains tax is brutal in Oregon..wife is getting unemployment and we'll use the 2400 for the big bills in the fall...we're fine out here in the woods...can't spend it anyway
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I lost a lot of my IRA money before I got completely out of the stock market. My wife got her IRA completely out of the stock market before the shit hit the fan. Lucky her.

Edit:
Of course, according to her, her money is her money and my money is her money.
 
I retired in o16, collecting a modest state pension. Got bored. Worked at Mannheim auto auctions/home depot then finally got this sweet gig in a small south jersey town across from Philly. I'll be back but only when the State is in a safe zone. Many of you heard that Jersey is really in a bad way.. It's so odd to see the world halted and in purgatory.
NJ is on par with NY.
Remember when we reminisced about the good old days. March 16th onward changed everything and gave real meaning to this phrase. On a side note, the State was well known for having more diners than any one else. I really miss that experience.
IMG_2483.JPG<The last vehicle I drove when I worked at the auction in 017.
 
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My wife and I are both retired and are doing okay (unless the State of Oregon is allowed to declare bankruptcy. Thank you Miserly Mitch McConnell. Note to self; in my next life marry into a wealthy Chinese family). The commercial property I have a share in is rented by a company that is considered essential services and the annual rental increase just took effect (as opposed to the in-laws who have a commercial property in Reno and the renter is a party equipment company. That guy is hurting....and so are they by extension). So we’re doing okay, very thankfully. We’re trying to support our favorite restaurants through take out, even if it means a drive into Portland (any excuse to get outta the house, yet still respect social distancing). And we have some favorite servers (usually younger folks who were scrambling even before this hit) at favorite restaurants we’ve tried to “slip a little extra to”when the budget allows. And we’ve done our share of online shopping. We are so very grateful (and blessed) for our circumstances and feel very sorry for those whose lives have been totally upended financially. I will be curious to see how this all pans out in the end, both socially and culturally. Fingers crossed......
 
Wife and I have been retired for 7 years. Both have pensions and investments over the years have done well. We are both optimist and try and look for the good before the bad. Both very outdoorsy and enjoy retirement.
 
Retired, but working my butt off. The honey do list keeps getting longer. Thinking about going back to a job that pays, but mainly to get some rest.

The problem with finding a job up here in the mountains is. You have to FAIL a drug test before they will hire you.
 
My wife and I wake up every morning and chant the James Bond theme song..."Die another day!" So far it seems to be working out...we're in the early stages of the virus playoffs! Made it out of the first round so far!
 
riverman said:
retired but the wife and I lost a lot of IRA value...didn't plan to tap into retirement funds until I reach 70 and have to....capital gains tax is brutal in Oregon..wife is getting unemployment and we'll use the 2400 for the big bills in the fall...we're fine out here in the woods...can't spend it anyway
Click to expand...

kind of the same boat, although thru a combo of circumstances about 20% of our savings was in cash when the shit hit the fan, and I put about half of that in bear-market ETF's in mid-Feb and then sold the week before the stimulus. Otherwise, we'd be down about 17% in our accounts right now (pretty conservative). Still down but not as bad. I wish I could say that was because I was smart, but about 30 years of buying high and selling low proves I'm about 770 degrees opposite of smart when it comes to the damn markets.

big problem now is my wife, who usually runs around most days for all her non-profits and choir and friends and whatever, hasn't been running around. She can keep track of me now. So every damn night she starts making lists in her head about what we need to accomplish around the place the next day...and she tells me about it. She won't leave me out of things no matter how much I whine and moan and pitch fits. I've tried hiding out in my shop a few times but she's not fooled by that. I'm contemplating a full scale rebellion, especially after yesterday when she started yapping about getting 8 more yards of bark dust. There might be worse things than covid-19
 
I don't want to turn this into a huge argument, that's what the corona threads are for (apparently). There is a "debate" in this country about re-opening the country and is the 'economy' worth maybe risking someone's life with covid19. I wonder how much of our own financial situation plays a factor into our personal stance on that issue. If you're retired already, or financially capable of going for a while, or even still employed are you more likely to think don't open it up? If you're out of a job or struggling (paycheck to paycheck) are you more likely to see the economy and think whatever they can do to fix that before I can't pay my bills, they should do it.

I've heard some interesting arguments that opening up the states/countries could be worse for the economy if it causes a drastic spike in deaths, I'm not sure I agree with that argument (but we can argue that somewhere else). I just wonder if our personal financial situation plays a role in how we feel they should handle things, and to what extent. I've also heard some arguments like it's really easy for someone who is financially set to say, stay-inside and don't work, because not working, and not having an income doesn't really matter to them. Obviously arguments and thoughts range all over the place (and personally I think there are a lot of valid ways to look at it without being "stupid").
 
It appears from early returns that we here are, on average, relatively insulated from the economic effects - which is in the direction of what I expected, but I didn't expect as strong a signal. For my part, I'm in the no-change group.

barfo
 
barfo said:
It appears from early returns that we here are on average relatively insulated from the economic effects - which is in the direction of what I expected, but I didn't expect as strong a signal. For my part, I'm in the no-change group.

barfo
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Not surprising. Many are retired, the rest are probably in jobs where they can fuck around on the computer all day, so working from home isn't that big of a deal.
 
EL PRESIDENTE said:
Not surprising. Many are retired, the rest are probably in jobs where they can fuck around on the computer all day, so working from home isn't that big of a deal.
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My son kept his job and is set up to work from home...70 of his coworkers weren't so lucky...his boss kept only 7 people on payroll until this runs it's course
 
barfo said:
It appears from early returns that we here are, on average, relatively insulated from the economic effects - which is in the direction of what I expected, but I didn't expect as strong a signal. For my part, I'm in the no-change group.

barfo
Click to expand...

The supermodels are continuing to support their favorite three-“legged” pirate?
 
TorturedBlazerFan said:
If you're retired already, or financially capable of going for a while, or even still employed are you more likely to think don't open it up? If you're out of a job or struggling (paycheck to paycheck) are you more likely to see the economy and think whatever they can do to fix that before I can't pay my bills, they should do it.
Click to expand...

From what I can tell, the extremely rich seem to be the ones who most want things opened back up, because they can afford to insulate themselves, but a functioning economy drives their investment portfolio. Those who are going paycheck-to-paycheck are split--many are worried about their finances, but also worried about contracting an illness and spreading it to their families.

So far, polls of the overall populous are in favor of continuing stay-at-home measures: https://www.nbcnews.com/politics/me...-home-restrictions-fight-coronavirus-n1187011
 
TorturedBlazerFan said:
I don't want to turn this into a huge argument, that's what the corona threads are for (apparently). There is a "debate" in this country about re-opening the country and is the 'economy' worth maybe risking someone's life with covid19. I wonder how much of our own financial situation plays a factor into our personal stance on that issue. If you're retired already, or financially capable of going for a while, or even still employed are you more likely to think don't open it up? If you're out of a job or struggling (paycheck to paycheck) are you more likely to see the economy and think whatever they can do to fix that before I can't pay my bills, they should do it.

I've heard some interesting arguments that opening up the states/countries could be worse for the economy if it causes a drastic spike in deaths, I'm not sure I agree with that argument (but we can argue that somewhere else). I just wonder if our personal financial situation plays a role in how we feel they should handle things, and to what extent. I've also heard some arguments like it's really easy for someone who is financially set to say, stay-inside and don't work, because not working, and not having an income doesn't really matter to them. Obviously arguments and thoughts range all over the place (and personally I think there are a lot of valid ways to look at it without being "stupid").
Click to expand...
.
Our adjustment has been much easier than many because since we have retired & everyday is Saturday, and our kids are grown and gone and all doing well, we have it easy.
We both believe in a very pro active approach in getting things going again and don't see why certain area's cant now. Eleven of twelve of our kids and their spouses are still working, hitting the stores going to Home Depot, bike riding and even doctor appointments. They are more worried about my wife and I because we like to stay active and outdoors and just never think things are as bad as they are, but we too are cautious, too a degree. I wait for her to go in the store and she waits for me to cruise Lowe's or Home Depot on occasion. She wears a mask and I don't, I would if I was feeling Ill.
Im for opening things up some here and there next week or week after.
 
Minstrel said:
From what I can tell, the extremely rich seem to be the ones who most want things opened back up, because they can afford to insulate themselves, but a functioning economy drives their investment portfolio. Those who are going paycheck-to-paycheck are split--many are worried about their finances, but also worried about contracting an illness and spreading it to their families.

So far, polls of the overall populous are in favor of continuing stay-at-home measures: https://www.nbcnews.com/politics/me...-home-restrictions-fight-coronavirus-n1187011
Click to expand...

Any excuse to continue living in their parent's basement.
 
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