'Financial Stability' - can anyone tell me what it means in today's world?

[Deja Q]

Before Reaganomics, 'financial stability' was far more common, and real. People could earn, live, save, prepare for tomorrow, AND have some fun.

Today, after Reagan's satanic revolution? People go through 5-10 careers in their entire lifetime. That alone, in terms of training, is EXPENSIVE - even for one career, but 5 through 10 of them?! How the hell can anyone prepare for tomorrow when it's a harsh enough struggle to survive for today alone?

People can lose their jobs at any time for any reason. And how many people, especially under 40, could even begin to have enough money to cover the rest of their lives?

Sorry to be harsh, but we need to get with the times and ditch the antediluvian dialogue. That concept 'financial stability' is as comatose as the Democratic party. And the future looks even worse.

[hfojvt]

1. since I jumped off the good job train in 1987

I have found it impossible to climb back on. So I would like to know - what the hell is a career?

[Jimbo S]

3. A career is

a job where you work 60 hours a week. Anything less is not a career.

[hfojvt]

8. I bet that is not true of the track I was on

I was GS7-12. I would have been a GS-12 at age 27, almost 16 years ago. I am pretty sure that GM-13s are only working 40 hour weeks because that is the job my dad had. Even if I was still only a 12, I would be a twelve step ten, and that would be a fair amount of money. It sure would make the $11.60 an hour I make now look like poverty wages.

[newyawker99]

9. Hi Jimbo S!!

Welcome to DU!! :toast:

[whistle]

2. Gold teeth, that's about it and those may be at risk if....

...Homeland Security is allowed to "Gitmotize" dissidents moving forward.

[HereSince1628]

4. FYI People don't have 5-10 careers they have 5-10 jobs

The whole notion of having a career is something that lasts a working life. That is pretty much now impossible except for licensed professions that limit competition from other sources. And not all the licensed professionals can continue to compete.

People under 40 might not have the wherewithal to buy homes and support mortgages (which is a sorry statement unto itself) but those over 50 that lose their jobs are often faced with the terrible choice of getting to keep one of the following options: lose their home, lose their retirement savings, or lose their ability to help their children with college, IN ADDITION to losing their jobs.

In the neoliberal international economics of our times security is just a dream, and insecurity (I am not kidding) is what is driving people to vote republican.

BTW Enjoy MN, the ice is melting here. The wood frogs in these parts are about to do their thing!

[Deja Q]

5. FYI, it depends on which media you listen to... or where you grew up.

My middle school counselor said (circa 1985) that people have 5 - 7 CAREERS in their lifetime.

On a M$M channel a couple months ago, some anchortwit said "7-10 CAREERS".

Not jobs.

Careers.

I am not using the wrong terminology.

And given the offshoring of American jobs, it adds cred to the term CAREER and pisses on the term JOB.

And that's not to say that your statement is faulty either. 5-10 jobs is normal but thanks to Reagan it's hardly going to be in the same career field anymore. I was really more of thinking of the future, as the repukes make it today. What we all get to look forward to.

[Not_Giving_Up]

6. If you are financially stable

You don't live with your parents anymore, and you aren't on food stamps. I think that would be today's definition.

[HughBeaumont]

7. "Financial Stability", like the words "pension" and "retirement"

will be rendered antiquated, words of the past in a modern dictionary, and that's exactly the way corporations and neo-cons want it - indentured servitude FA LIFE is the new way.