My dad isn't someone who would just stay at a $50,000 job knowing he can achieve more success. He would work hard to get back what he lost. Some people don't care, and are lazy sometimes. So why should they be on the same level that my dad has worked really hard for over the years?
First off, I want to just say, I'm not trying to make you feel bad about being naive and not really knowing what you're talking about.
Because, a couple of months ago, I might have said exactly what you did. Unfortunately, I learned the hard way.
My dad worked at Merrill Lynch for, what, maybe 30 years?
He had a really solid salary and we live in a good, safe town. We had great insurance (BCBS) and everything was fine and dandy and all rainbows and butterflies.
Unfortunately, the economy finally caught up with the whole "Who cares if I don't have the money? I've got CREDIT!" mentality.
Merrill Lynch downsized. SERIOUSLY downsized.
And where'd they start cutting people? The higher up, with the higher salaries. Which, on a logical level, makes sense. But, these were also the people who had been working there the longest and had shown the most dedication and commitment.
Regardless, my dad got laid off. When I first heard that, I was like, "Man, that sucks for Dad. But he'll get a new job and then we'll be right back to the rainbows and butterflies."
Except, the aforementioned sucky economy isn't so much helping with that.
My dad's been looking for jobs EVERYWHERE. And there's NOTHING.
Not only that, but Merrill Lynch dropped his insurance coverage.
One of my little sisters and my older brother both have inner ear problems. I have expensive medication. My mom has high cholesterol. My dad has congestive heart failure and Diabetes, and requires constant medical attention.
Because of this, there's no way that we'd be able to pay out of pocket for medical. So my dad is paying a ridiculous premium each month to keep BCBS.
On top of all that, Merrill Lynch paid my dad his year and a half salary in lump payment.
Which doesn't sound bad. Except since this was over $250,000 (that's an estimation, I don't know the exact amount) in one single amount (which it never would have been had it been paid out normally like it had been in the past), the taxes on it were ridiculous. Like, taxes took about 50% of it.
Because of this, my older brother had to divert his acceptance to his dream school that he tried so hard to get into. He's now going to community college and living in the basement.
My dad's pension and retirement funds were wrapped in the stock market, so my parent's entire future is just in the air.
Honestly, all of that was pretty much a smack in the face for me.
America's been going downhill for a while, and this finally pulled me out of the "no, we're fine" bubble.
I'm for whoever will actually change the country.
Fix the economy, bring more jobs, and get equal health-care for EVERYONE. Because things can just change in a second.
I honestly believe Obama's the best bet for the job.
I just hope those weren't hot-air political promises and he follows through. It's going to be a tough job.