losing your job? having no income from your savings?

domcastro

and think of all those teenage mums getting their free house for their chav kids....

StevieJ

Masomnia wrote: »

Is this going anywhere or did you just fancy a rant?

Mr Ed, just a talking horse

bandraoi

I suspect that what PN is getting at is that if
a) you're unemployed and have no savings then you get quite a bit of help from the government
b) you're unemployed and have a mortgage then you get quite a bit of help from the government
but that
if you have savings then the government expects you to use these up before they will offer much assistance.

You may have savings because you were responsible, were trying to save for a deposit, because you sold your house to rent or were trying to save for old age. If you have saved and then become unemployed it can feel like quite a penalty to pay.

StevieJ

I wouldn't mind one of those junior lawyer jobs where they don't want them to turn up for 12 months and they will pay them 75k USD :beer: What a result that would be:D

lostinrates

StevieJ wrote: »

I wouldn't mind one of those junior lawyer jobs where they don't want them to turn up for 12 months and they will pay them 75k USD :beer: What a result that would be:D

75USD? Who is paying that? US firms is US? That would be a different ball game, US students have (theoretically at least) higher levels of debt/expenditure before getting to work. I know a lot are paying between 5-10k sterling here (plus paying the fees for law conversion/LPC and sometimes a small living grant)

ETA: trying to work out what it would have been a few years ago and I reckon 20-30 K max, plus the year off money. The UK trainee solicitors, getting this still aren't qualified and have to put in two years work- but its a great deal, especially for the younger, rawer ones.

StevieJ

It was a story on Bloomberg, assume it was US law grads with no job ready for them.

lostinrates

StevieJ wrote: »

It was a story on Bloomberg, assume it was US law grads with no job ready for them.

Ooooh, thanks...will go and hunt that down.

treliac

phil_b wrote: »

I'm young and am very financially stable. Minimal monthly out goings and fairly high monthly income, with a good stash in the bank to last me years if need be.

My life, however, is made hell by health problems so I kinda pooped out. I wish I had money problems instead!

I take your point. If we've got our health, we've got everything to be thankful for.

As far as money goes, we are all in the same uncharted territory and with similar anxieties. So, as I see it, life is too short to panic.

I've lived through DH's redundancy, twice when the children were babies. He took what work he could get, temp work at nights, while I worked days, in order that we could stay afloat. It wasn't much fun, but we didn't feel we had any choice and got on with it.

I don't want to sound unfeeling (as I'm definitely not), but nobody nowadays expects life to be tough or to have to compromise. IMO, we've been spoilt and detached from reality for too long.

We're all just going to have to get on with doing whatever it takes to get by, irrespective of our bad feelings towards politicians, bankers and all the others we blame for our misfortune.

StevieJ

lostinrates wrote: »

Ooooh, thanks...will go and hunt that down.

There we are

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aO3WnlIQ_yik

Oh aye they will
“It is our sincere hope that those who participate in this program will pursue volunteer or community service work,” Latham managing partner Robert Dell said in a statement. It is not a requirement, he said.

lostinrates

StevieJ wrote: »

There we are

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aO3WnlIQ_yik

Ooh thanks! I'm trying to keep a rough record ofhow firms behave because you never know what the future holds and if DH gets offered a job elsewhere anytime its nice to know how they treated employeesin bad times.

Nice artical showing the difference in how UK trainee solicitors are paid compared to American junior associates!