Here's a thread for the those of us who planned carefully and bought bank, insurance and financial stocks to live off the dividends and who are now screwed.
Seemed like a good idea at the time.
Now, we have taken eating out off the table, no new clothes, no vacations, no more organic food, no renovations, no taking our moms out to lunch, bottomshelf wine and liquor.
The worst part is the regret - if only we hadn't eaten out so much, if only we didn't buy all that expensive wine, if only I didn't get the quartz countertops...
The part of the country that is living on COLA pensions are going, "what's the problem, why can't we go out to lunch like we used to?"
We have no way of knowing if things are going to work themselves out, or if we are, as the WSJ says, inside a 20% chance of this turning into a depression. Causing me to wake every night about 3 a.m. wondering how we are going to make it.
Seemed like a good idea at the time.
Now, we have taken eating out off the table, no new clothes, no vacations, no more organic food, no renovations, no taking our moms out to lunch, bottomshelf wine and liquor.
The worst part is the regret - if only we hadn't eaten out so much, if only we didn't buy all that expensive wine, if only I didn't get the quartz countertops...
The part of the country that is living on COLA pensions are going, "what's the problem, why can't we go out to lunch like we used to?"
We have no way of knowing if things are going to work themselves out, or if we are, as the WSJ says, inside a 20% chance of this turning into a depression. Causing me to wake every night about 3 a.m. wondering how we are going to make it.