(Reuters) — U.S. consumer sentiment slipped to its lowest in six months in March, as worries about declining stock prices and the health of the housing market shook consumer’s confidence in the economy, a report showed Friday.
Often times I hear economist talk about how solid the job market is these days but I get tons of mail each week from readers of my Your Career column on MSNBC.com from employees who feel anything but secure in their jobs and the job market in general. Most of them aren’t confident about their employment status and many wonder how they’ll be able to make ends meet if for what ever reason they’re out looking for a job. If you signed up for a risky home loan and your rate has recently skyrocketed, the concern over job security becomes even bigger.
So many people are living from paycheck to paycheck today. Why is that? Do you feel secure with your job, your bank account?
March 20th, 2007 at 5:02 pm
I think a lot of people have always lived paycheck to paycheck; it was just easier to overlook them during the dot-com boom. That said, most of us have just enough disposable income to burn a hole in our pocket — and little exposure to a real economic downturn. A lot of us don’t learn to save until it’s too late.
March 21st, 2007 at 7:32 am
hey rotown,
you are sooo right about that. we always wait until things are dire before we start thinking about saving, and by then it’s often too late.