Recession is a dirty word

I listened to a radio program this week that was describing the labor market as being strong and reporting unemployment at 3.9 percent. BUT, there was also a woman expert giving job related stats, and she talked about how the numbers don’t reflect the new phenomena that is occurring in America today.

Things like underemployment, or women being displaced at in inordinately larger rate than men; or some workers getting no wage increases since 2014; and on and on and on.

It reminds me, that for some people — people that were hit hard by the Great Recession of 2008 — have not recovered.growth-recession-750x296

Recession. The word brings back not so good memories and my own story that I’ve had to just accept. Losing a house, losing a job, starting over in so many ways.

It is estimated that is takes 10 years to catch up after a recession. I joke with my son that this is our year; we’re going to be “caught up.” Bring on the riches.

I do feel like I have my feet under me. However, in no way do I feel like life is as good as it was for me 10 years ago. I hope I’m wrong, but I’ve made piece with the fact that my life will never be as good as it was 10 years ago, financially speaking.

Jill Schlesinger, CBS’ News financial reporter, is predicting a recession next year and we should start planning now.  Ha. I don’t know about you, but the last recession has left me unable to plan for the next.

The roller coaster of life continues as always.

— Namaste