My parents are devastated now after my father lost his pension.
The company he spent his entire life at was recently bought out by a venture capital group.
They bled what was left with immediate cutbacks and layoffs before eventually liquidating all assets and leaving it to die in bankruptcy. People are saying the economy is doing well and the stock market is on the rise… But, are these people happy in their jobs? Are they making more money now than they were four years ago? Are the executives of their companies taking whatever surplus they’re making in profits and handing any of it back to their employees through raises or bonuses? Of course the people who are always shielded from economic adversity would look at the stock market and stop there when asked to evaluate how well the country is doing. They don’t think about the health and welfare of the people who are always at risk of economic adversity. These people are barely holding on in a chaotic ocean that sees them as merely pieces of driftwood, destined to fall beneath the surface whenever the water has seeped in enough. Naturally, my parents can’t afford their bills now, let alone the new air conditioner that they desperately need. Two months ago, their old one died after 20 years of solid performance. The only way they can get a new HVAC system is through a payment program that a local heating and cooling supplier offers on installations. There is a 5% interest charge on each payment, but I suppose they could do much worse. But then again, if the people in power wanted anything but sustained wealth and total suppression of dissent, maybe more people like my parents wouldn’t be losing their pensions, jobs, and livelihoods on a daily basis. Maybe these disadvantaged people could afford basic necessities like food, shelter, and indoor climate control without relying on credit and loans.