“Problems cannot be solved at the same level of awareness that created them.” – Albert Einstein

You think this economic bailout is just for the rich?

My son’s college savings account lost 25% of its value last week.

That amounts to OVER 5 months of savings, gone.

That’s hurting the little guy.

Yes, the market will come back, but we will have to gain over 30% of the current value just to get back where we started.

It makes me just want to cry.

October 10th, 2008 at 8:37 pm
3 Responses to “Hurting the little guy. The really little guy.”
  1. 1
    Willow Says:

    Wow, that’s heinous. I know Studly has been afraid to look at his 401. When he was disabled 13 years ago it was very well funded considering he thought he was gonna be working at least another 15 or 20 years but we’ve had to dip into it pretty much each time there’s been a medical crisis.

    I know the market will, at some point, reset itself but how many people are going to be impacted to the point of not being able to recover? Thank God Harry is still so little and you have lots of time yet!

  2. 2
    Tari Says:

    I hear ya. A friend’s daughter is scrambling to pay for school right now because her grad student loan was suddenly denied. She’s moved, found an apartment and roommates, started classes, and bang! So sad.

  3. 3
    Deirdre Says:

    crying with you dear.