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Unemployment thread

Paa Langfart

By Paa Langfart,
in Carolina Panthers

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Anybodyhome Grand Master

Anybodyhome

Posted
Posted

My wife is the COO of a private country club and, following a couple emergency board meetings and the loss of $100k in revenues in less than a week, she was forced to layoff 30 employees, most in the F&B side of the house. She did tell me yesterday that she had received confirmation from DES that 12 of the 30 had applied for unemployment. I could be mistaken, but I think she told me they'd get 46-50% of their wages from DES.

After work yesterday I had to stop by Walmart, where there was a huge sign in front of the entrance "NOW HIRING." And I've heard Harris Teeter is looking to add 3,000 people to their stores as well.

BTW, that was my first time in a store in about 10 days... wtf? 3 cashiers, so there were more people in line than shopping, the lot was about empty and the entire paper goods aisle was bare.

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4Corners Grand Master

4Corners

Posted
Posted
22 minutes ago, rayzor said:

I was brought up believing it was a good investment. What a lie.

College can be a scam. I have a degree that generally speaking I don’t use, but I doubt I would have the job I have now without my degree. It’s a weird cycle. 

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Anybodyhome Grand Master

Anybodyhome

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47 minutes ago, OneBadCat said:

Trying to apply now but the website keeps crashing. I thought they were going off 2018 taxes though?

Broadband everywhere is in rough shape- too many people home, too many people using bandwidth, too many people on the web. I've heard all the ISP are throttling the hell out of their bandwidth. Mine at home has been atrocious for a couple weeks now.

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4Corners Grand Master

4Corners

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1 minute ago, Chief Keek said:

I can hear Dave Ramsey's voice in my head now, good grief. Hopefully this crap will be over within the next few weeks.

giphy.gif

 

I love Dave Ramsey. Very smart man. Good advice. I’d like to make A personal deposit in his daughters Roth IRA Too if you catch what I’m saying. 

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Chief Keek Veteran

Chief Keek

Posted
Posted
25 minutes ago, rayzor said:

I was brought up believing it was a good investment. What a lie.

It used to be back around 30-45 years ago when Universities were affordable and weren't a money racket. Now everybody and their momma has a degree so it's not so significant and the sacrifice you have to make to sign that dotted line to take out that loan isn't worth it.

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4Corners Grand Master

4Corners

Posted
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6 minutes ago, bull123 said:

how does anybody rack up that kind of debt for college??

Private school, out of state. It’s easier than you think. I have an ex GF who got a masters degree at UNC-Charlotte on “out of state” and she was like 80k in debt when we were dating. I knew we weren’t going to last long term once she told me that. 

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rayzor Grand Master

rayzor

Posted
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Just now, bull123 said:

how does anybody rack up that kind of debt for college??

BBA and MBA out of state private University and 15+ years of interest.

Came from a lower middle class family so couldn't get much in grants. No money to pay for it so had to borrow most of it which was (too) easy to do. I was young and financial aid department said it was a good idea (of course) and helped me get as much as possible. I worked, but I had to live off campus so most my money went to living expenses while loans took care of college.

Spending several years struggling as a small business owner didn't help either. Made it hard to get ahead paying anything on it.

Lots of hard lessons learned. Lots of work. Not much to show for it except a couple pieces of paper and college debt I'll never be able to pay off....but it was all what you were "supposed" to do.

Zigged when I should have zagged.

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Chief Keek Veteran

Chief Keek

Posted
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4 minutes ago, 4Corners said:

I love Dave Ramsey. Very smart man. Good advice. I’d like to make A personal deposit in his daughters Roth IRA Too if you catch what I’m saying. 

Lol all I can see is Dave's face staring back me, she looks just like him but it would be worth it. Her husband hit the jackpot.

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rayzor Grand Master

rayzor

Posted
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2 minutes ago, Chief Keek said:

It used to be back around 30-45 years ago when Universities were affordable and weren't a money racket. Now everybody and their momma has a degree so it's not so significant and the sacrifice you have to make to sign that dotted line to take out that loan isn't worth it.

Yep. I grew up being taught it was the thing to do....that you had to do it for your life to matter. The cost was worth it, they said. People telling me that didn't have nearly so high a price to pay for their education. They lived with a very different reality than I found myself in, but the expectation was to play by the same rules. When you're young and growing up, you're supposed to listen to the advice of those older than you because they had supposedly been there before. The truth is, they hadn't. The game changed.

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