Posts Tagged ‘jobs’

Moving To Canada

You may have noticed that I haven’t been writing much for the last couple of weeks. The reason for this is that my husband and I are preparing to move to Winnipeg, Manitoba, where he’s originally from. We live just north of Los Angeles in the lovely state of California right now. We’re leaving on August 23rd, so that means that a lot of my time has to be occupied with fun stuff like packing.

The reason we are moving is quite simple: the economy here is moving nowhere and jobs are scarce. I keep hearing about how we’re in a recovery period right now, but I just don’t see it. My husband has been out of work for two years now (he was in new home construction, so guess where his job went?) and he has been diligently looking for work all this time. In this time period he has had two interviews…only two! There is just not enough work available for everyone who wants a job, it’s that simple.

Canada has weathered the global recession better than most of the G20 and is truly in full recovery mode. Some parts of the country, like the place where we’re headed: Manitoba,  weren’t really affected, and have just continued to experience slow but steady growth.

I will return to daily updates of news and information relating to debt, and making fun of those smug personal finance folks who make stupid statements once we are settled and I can get Internet again. I anticipate that will occur some time in September…the earlier the better.

The “New Normal” According To One Fed Official

Sandra Pianalto, the President and CEO of the Federal Reserve Bank of Cleveland has predicted that our recovery from the Great Recession will be slow and that the end result will be a “new normal” where Americans’ expectations for a better life are diminished.  Read the entire article on the Huffington Post here.  A full transcript of Pianalto’s remarks are included in that article.

I don’t know why this is news, exactly.  Anyone out in the real world knows that this “recovery” is slow and most Americans aren’t planning anything farther into the future than how they’re going to pay the power bill when it comes due. 

Many people are now just aiming for ‘financial security’ as their American dream.

This downward shift in expectations isn’t something that has happened overnight. True, during the bubble years, when everyone was able to use cash out of their rapidly burgeoning home equity to buttress them against the effects of low wages and a high cost of living, Americans were able to have a semblance of a stable middle class life.

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