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LuckyTheDog Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-12-10 08:45 AM
Original message
Doing taxes ... Our household income dropped about 39%...
Edited on Mon Apr-12-10 08:46 AM by LuckyTheDog
... from 2008 to 2009.

Man, that SUCKS.

:(
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ixion Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-12-10 08:52 AM
Response to Original message
1. I've yet to return to the amount of cash coming in since 2007...
it's been in the tank since then.
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NNN0LHI Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-12-10 09:02 AM
Response to Original message
2. Need some perspective to mean anything
What were the amounts? Not exactly. Just rough estimates.

When I went from an active employee to the retirement rolls my income went down over 50%. From close to a hundred thousand to about 30 thousand a year.

But I have never been happier in my life.

Don
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LuckyTheDog Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-12-10 09:42 AM
Response to Reply #2
4. I didn't retire, I was laid off
I got some severance and unemployment benefits... and I picked up a little freelance work. But even with that, household income dropped by $45K all at once.
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NNN0LHI Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-12-10 12:33 PM
Response to Reply #4
5. I understand that and an unexpected cut in income like that can be traumatic
I kind of had time to prepare myself for my reduction. Wasn't easy at first either.

Seemed like it got better as the years went by though. I had to learn to adapt.

Good luck and I hope things improve for you soon.

Don
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Johonny Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-12-10 09:17 AM
Response to Original message
3. I know I got a lot back
because I made almost no interest and had no raise and saw my health insurance go up up up and I feel lucky to have done that well. Last year was a banner year for almost all :(
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