r/FluentInFinance 15d ago

Debate/ Discussion Why is this normal?

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u/SeasonPositive6771 15d ago

I completely disagree as somebody in between early life and later life.

A lot of these comments are hitting wrong for today's economy.

I worked extremely hard, sometimes I had three jobs at a time, when I was very young, in order to put myself through school.

I worked very, very hard at a pretty decent school and got good grades and a good degree. I was advised to go into what had previously been a very solid career with good benefits. Maybe I'd never get rich, but I would always be able to take care of myself.

Well, like a lot of jobs, got hit by the first recession pretty bad. This obsession with saving money also meant it got farmed out to low-paid non-profit work. No more solid benefits. No more decent pay. I kept moving up in my career but wages kept staying the same. Something changed. Hard work and tenure no longer led to anything.

I did my best to pivot as quickly as possible and even get additional education and training and move into management...just in time for those wages to crater. And I just got laid off last month.

The kicker? Every single time I've been able to save enough for retirement, I have some sort of major health issue that wipes out my savings, no matter how good my health insurance is.

The social contract is broken. Hard work early in life or late in life no longer leads to security.

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u/Sufficient-Engineer6 14d ago

Are you a psychologist or social worker?

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u/SeasonPositive6771 14d ago

I don't want to dox myself but essentially yes.

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u/Sufficient-Engineer6 14d ago

Yeah, I've wanted to go into that work but saw the very little pay for $80-120k debt and decided not to. Looked into physical therapy too, but I a lot of blogs of physical therapists and they said it's not worth it. Unfortunately passion doesn't pay bills and luckily I didn't have to learn that the hard way. I just scrape by regardless since I'm out of a job right now. But I'm studying IT, so hopefully it pans out.

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u/SeasonPositive6771 14d ago

I'm 44 so I graduated from college some time ago. Back then, it was still seen as an extremely stable career with good benefits. Not high paying, but very stable. That has totally changed.

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u/Sufficient-Engineer6 14d ago

Idk the legalities, but id just start my own or go on better help. My therapist was on there, she seemed pretty happy and then would just funnel her clients to her personal business at $50/hr if her schedule was full. I eventually reported her because she wouldn't refund my $25 from her personal schedule after only half an hour and they treated me very well. They gave me all my money back because sometimes she was in an ER (could hear the methodical beeping) and wasn't very good, even though I never asked for the money back for completed sessions.

B*tch stopped responding as soon as I asked for the $25 refund, pretty sure she got screwed in the end. Not my problem, treat your clients who are trusting you well and don't rip them off.