100,000 living for free in Inland Empire

[briansd1]

[quote=UCGal] A good friend of mine was laid off last April. She has been ACTIVELY looking for work ever since… Not just limited to IT, but willing to do anything. Her unemployment covers her mortgage… barely. ($450/week doesn’t go far.) She’s single with a grown son with health issues. They’re using food banks, etc to get buy. Her 401k has been diminished. This is a woman who’s only debt was her mortgage (no CC debt, no car payments, no student loans.) Her mortgage was pretty reasonable. But she’s hurting.
[/quote]

This friend would likely lose her house if her unemployment stopped and she’s unable to find a job.

Chronic unemployment will be with us for a some years.

It’s likely most professionals will experience unemployment at one time or another. It will change attitudes when engineers lose jobs regularly.

I remember back in the 1990s engineers for defense contractors lost jobs en masse in San Diego and had to move out of the area.

Time will tell….

[briansd1]

One more thing to understand about unemployment insurance.

It’s INSURANCE paid for by employers (indirectly by employees and customers). In that regard it’s very much like FHA or FDIC.

The Federal has effective bailed out the unemployment insurance funds by extending benefits.

The government bailed out the banks directly. We had to bailout Fan/Fred and more bailouts are on the way.

The latest unemployment extension is $10 billion, a drop in the bucket of bailout funds. Yes, we know where Jim Bunning’s priorities are — not with the people who are hurting but with the big institutions.

[briansd1]

One more thing to understand about unemployment insurance.

It’s INSURANCE paid for by employers (indirectly by employees and customers). In that regard it’s very much like FHA or FDIC.

The Federal has effective bailed out the unemployment insurance funds by extending benefits.

The government bailed out the banks directly. We had to bailout Fan/Fred and more bailouts are on the way.

The latest unemployment extension is $10 billion, a drop in the bucket of bailout funds. Yes, we know where Jim Bunning’s priorities are — not with the people who are hurting but with the big institutions.

[briansd1]

One more thing to understand about unemployment insurance.

It’s INSURANCE paid for by employers (indirectly by employees and customers). In that regard it’s very much like FHA or FDIC.

The Federal has effective bailed out the unemployment insurance funds by extending benefits.

The government bailed out the banks directly. We had to bailout Fan/Fred and more bailouts are on the way.

The latest unemployment extension is $10 billion, a drop in the bucket of bailout funds. Yes, we know where Jim Bunning’s priorities are — not with the people who are hurting but with the big institutions.

[briansd1]

One more thing to understand about unemployment insurance.

It’s INSURANCE paid for by employers (indirectly by employees and customers). In that regard it’s very much like FHA or FDIC.

The Federal has effective bailed out the unemployment insurance funds by extending benefits.

The government bailed out the banks directly. We had to bailout Fan/Fred and more bailouts are on the way.

The latest unemployment extension is $10 billion, a drop in the bucket of bailout funds. Yes, we know where Jim Bunning’s priorities are — not with the people who are hurting but with the big institutions.

[briansd1]

One more thing to understand about unemployment insurance.

It’s INSURANCE paid for by employers (indirectly by employees and customers). In that regard it’s very much like FHA or FDIC.

The Federal has effective bailed out the unemployment insurance funds by extending benefits.

The government bailed out the banks directly. We had to bailout Fan/Fred and more bailouts are on the way.

The latest unemployment extension is $10 billion, a drop in the bucket of bailout funds. Yes, we know where Jim Bunning’s priorities are — not with the people who are hurting but with the big institutions.

[briansd1]

[quote=UCGal] Her unemployment covers her mortgage… barely. ($450/week doesn’t go far.) She’s single with a grown son with health issues. They’re using food banks, etc to get buy. Her 401k has been diminished. This is a woman who’s only debt was her mortgage [/quote]

How is she paying for health insurance? Is she paying COBRA? COBRA assistance (government paid 1/2) will soon expire and she’ll have to cover the whole amount of health insurance out of pocket (maybe $800/mo but likely more than $500/mo)

Medi-cal is means tested so if she has savings, she and her son will likely not qualify until they exhaust personal resources.

[briansd1]

[quote=UCGal] Her unemployment covers her mortgage… barely. ($450/week doesn’t go far.) She’s single with a grown son with health issues. They’re using food banks, etc to get buy. Her 401k has been diminished. This is a woman who’s only debt was her mortgage [/quote]

How is she paying for health insurance? Is she paying COBRA? COBRA assistance (government paid 1/2) will soon expire and she’ll have to cover the whole amount of health insurance out of pocket (maybe $800/mo but likely more than $500/mo)

Medi-cal is means tested so if she has savings, she and her son will likely not qualify until they exhaust personal resources.

[briansd1]

[quote=UCGal] Her unemployment covers her mortgage… barely. ($450/week doesn’t go far.) She’s single with a grown son with health issues. They’re using food banks, etc to get buy. Her 401k has been diminished. This is a woman who’s only debt was her mortgage [/quote]

How is she paying for health insurance? Is she paying COBRA? COBRA assistance (government paid 1/2) will soon expire and she’ll have to cover the whole amount of health insurance out of pocket (maybe $800/mo but likely more than $500/mo)

Medi-cal is means tested so if she has savings, she and her son will likely not qualify until they exhaust personal resources.

[briansd1]

[quote=UCGal] Her unemployment covers her mortgage… barely. ($450/week doesn’t go far.) She’s single with a grown son with health issues. They’re using food banks, etc to get buy. Her 401k has been diminished. This is a woman who’s only debt was her mortgage [/quote]

How is she paying for health insurance? Is she paying COBRA? COBRA assistance (government paid 1/2) will soon expire and she’ll have to cover the whole amount of health insurance out of pocket (maybe $800/mo but likely more than $500/mo)

Medi-cal is means tested so if she has savings, she and her son will likely not qualify until they exhaust personal resources.

[briansd1]

[quote=UCGal] Her unemployment covers her mortgage… barely. ($450/week doesn’t go far.) She’s single with a grown son with health issues. They’re using food banks, etc to get buy. Her 401k has been diminished. This is a woman who’s only debt was her mortgage [/quote]

How is she paying for health insurance? Is she paying COBRA? COBRA assistance (government paid 1/2) will soon expire and she’ll have to cover the whole amount of health insurance out of pocket (maybe $800/mo but likely more than $500/mo)

Medi-cal is means tested so if she has savings, she and her son will likely not qualify until they exhaust personal resources.

[Arraya]

[quote=briansd1]

Chronic unemployment will be with us for a some years.
..[/quote]

Or, even better, the unemployed on “chronic” will be with us for years.

[Arraya]

[quote=briansd1]

Chronic unemployment will be with us for a some years.
..[/quote]

Or, even better, the unemployed on “chronic” will be with us for years.

[Arraya]

[quote=briansd1]

Chronic unemployment will be with us for a some years.
..[/quote]

Or, even better, the unemployed on “chronic” will be with us for years.

[Arraya]

[quote=briansd1]

Chronic unemployment will be with us for a some years.
..[/quote]

Or, even better, the unemployed on “chronic” will be with us for years.

[Author]

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