So how is the economy affecting you? Popular news organizations like CNN, The New York Times and USA Today asked people to tell how the economy was affecting their job situation, we heard from many people in already hard-hit fields such as housing or the automotive industry. But amid a widening financial crisis, we also received hundreds of stories from people working in other industries, ranging from banking to food service, who are becoming the latest casualties of the nation’s economic struggles.
Some said they are out of jobs they held for decades and are struggling to find new employment. Several said they had found new jobs but were having to make do with lower wages or less generous benefits. For some readers, the only way to stay afloat has been to dip into retirement accounts or other rainy-day funds.
Their experiences reflect the national picture. Over the past 12 months, the number of unemployed Americans has risen by 2.2 million as the economy has weakened, according to the Bureau of Labor Statistics. Many economists expect things to get worse before they get better. Still, it is not all doom and gloom. Some readers wrote to tell us that their jobs are still secure, or to report that they had even received raises, promotions or increased business amid the economic crisis. Others said their employers were only making minor cutbacks, such as canceling a holiday party. And some readers said that they were working harder, or doing the work that used to be done by more than one employee, in order to help their companies pull through. When times are tough like today, people turn to trusted companies that help cut their bills. LeaseTrader.com helps people with their car lease transfer so they can escape their car lease contract.
This story posted by LeaseTrader.com, the automotive service company that lets people transfer out of their Car Leases early. If you're looking to swap a lease or transfer out of your car lease, please visit www.leasetrader.com