Friday, April 30, 2010

Many Traumatized by the effects of being unemployed

Often times we hear that many are traumatized and emotionally distraught as a result of experiencing a travesty. However, there are many cases of that now, more than ever because of people who are still unemployed. Conversely, you would think that many who have finally found employment would put everything behind them and move on with their new job. Unfortunately, many are still hurt as a result of what has happened. Many cannot shake what being unemployed has done to themselves and their families. People who once had a pitch perfect credit score, were now falling behind on loans and in danger of having their homes foreclosed. In the article Mrs. Newby left the unemployment stricken city of Detroit to Raleigh North Carolina when she won the coveted position of an advertising executive agent, with a six figure salary. Unfortunately, this does not provide solace for her because she still has lingering feelings about what she had experienced when she was unemployed. She and her husband had to sell her expensive suburban home, and they lost their car when the lease was up. In addition to that their marriage suffered because they were getting calls from creditors.

There are still several bills that they have to pay together, that the income that she is making may take awhile to pay off. Mrs. Newby is also skeptical about the amount of time that she will be able to spend at her job, because she still feels that she may lose it in an instant and go through the same cycle of events. I was reading similar tragic stories where people who once had everything...now are on the verge of being homeless.

However, I began to notice that the majority of these people facing such scenarios, are the ones who lived above their income, as opposed to living modestly. It is bad when one is laid off, but if they have lived a modest life, they can learn to budget what they have and as time goes by they can see what they can do to still keep moving foreward. Others, who were only earning 60,000 a year and were buying 400,000 dollar homes and expensive cars suffered the effects almost immediately. If someone had been living modestly and only spending what they had, and saving money they could be able to push it as far as they can until they find a new job, and won't have to face these consequences.

But I guess that these experiences caused by unemployment has actually made people stronger. They have learned the importance of budgeting money and it has helped them become better people. From what I have read, more are going to church/other religious services, volunteering in the community, helping others, this is great. If people could build a strong spirit, everything will be just fine.

http://www.nytimes.com/2010/02/06/us/06return.html?pagewanted=2

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