Thursday, April 23, 2009
Economy
The main way I've noticed the effect of the economy on my family is probably through my brother. He lived in California and was struggling to get by. What his salary was compared to his cost of living and everything else, he could barely make it. He had to borrow money from me and my parents. My parents were also feeling this burden and told him that he was going to have to start paying his own car insurance and cell phone soon. He began applying to other places and despite the tough job market was able to get a job making double what he does now in Houston. The cost of living is lower and he makes more money. He's doing very well now. However, about a month of working at his new job they began making lay-offs. He hasn't been laid off yet and has had nothing but confidence instilled from his boss but still the threat is there which is tough.
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