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View Diary: Behind the recovery job numbers: working poor (22 comments)

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  •  I've been self-employed for most of my life (10+ / 0-)

    and it worked out fine until January of 2009, when several clients made severe cutbacks in their activities (they could no longer afford the same things they had in prior years). My income suddenly dropped by nearly 50%.

    Have managed to crawl along since then, which required cutting back on everything possible, and with some occasional help from a good friend. Would be better if I could have sold my house so I could downsize, but the real estate market has been too depressed. Now my house needs work to make it marketable, but I'm still just barely making the mortgage payments (and rising health insurance, electric bills, etc.) At least I'm not underwater. My house is worth more than I owe.

    In January of this year, I had to start getting early Social Security benefits in order to make my estimated tax payment, i.e., Social Security! Seems ridiculous to do that, but it has helped. I'm no longer in a constant state of financial panic.

    Work-wise, things have picked up a little bit, but still nowhere close to where I was 5 or 6 years ago.

    •  You have to wonder how many people (7+ / 0-)

      are in your shoes?
         They don't count as unemployed, but they are just barely scrapping by.

      ¡Cállate o despertarás la izquierda! - protest sign in Spain

      by gjohnsit on Tue Dec 11, 2012 at 08:26:27 AM PST

      [ Parent ]

    •  Me too (4+ / 0-)

      The old saying "I've been broke but I've never been poor" has been one of my favorites during my up-and-down freelance life.

      Now I'm poor, don't see any way out of it. Scared all the time 24/7.

      I suddenly started a blog.

      by JG in MD on Tue Dec 11, 2012 at 09:04:08 AM PST

      [ Parent ]

    •  I am in your shoes (4+ / 0-)
      Recommended by:
      Jim P, nchristine, Gorette, gjohnsit

      We're self employed, a business to business self proprietorship. We lost 40% of our income starting in 2008. In order to keep our lives, house and business intact we ran through our modest savings, which we had inherited. We were lucky if not for the money we inherited we would be below the poverty line and out of a home and have no business.  

      We used part of the money to rebuild our business, marketing and software, etc. and paid down our mortgage and any debt we had.  We have been self employed for 20 years as we lived in SF in the 80's a place where although we were both skilled and employed in corporate jobs we were 'working poor'. Our house is not underwater but the cost of living is difficult to maintain. We also have no health insurance if we did we would be once again on the street. As for retirement forget about it.  

      We were never rich just barely middle class. It's a hard row to hoe being self employed but these days I consider myself lucky. Were a good source of cheap skilled labor in a field that requires cultural knowledge as well as techie skills. In a way were a onshore outsource. Like the fee lance plumber in the movie Brazil we work outside the beast. We're not independent from the corporate controlled NWO as all work now flows from their miserly trickle, and labor really is nothing but a profit loss.  

      There are many people like us we are the shadow or underground economy. We pay taxes at a whooping 25-30 % and both parts of SS.  We contribute but we are not counted in the numbers of mass deception. To add insult to injury we get called irresponsible as we cannot afford to sacrifice for the wealth creators profit or pay their extortive 'rent'.

      You can't get blood out of a turnip and yet they tell us that they are going to require more blood as we need to pay the insane debts they have occurred.  When will people say enough how do they get away with this bs. Grand bargain's that deal away our right to live or work decently, all for more profit and blood.            

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