How A Family Handles Job Loss

In a new Early Show segment, At The Kitchen Table, anchor Erica Hill meets the Goldblatt family who now face realities of sudden unemployment. Finance expert Vera Gibbons offers economic advice.

Category:

News & Politics

Tags:

• Early
• Saturday
• Family
• Provider
• Income
• Salary
• Wage

[karrrido]

i just got a job, wooo!

im gonna start saving for my emergency 6-9 months :/

[68NYC]

Interesting...

Thanks.

Btw...There is light at the end of the tunnel.

[PamelaRP]

Thanks for this video of how bad it is out there especially in Oregon. They need to have more shows like this to help people find out what to do if they cannot find a job like me. I have a 5 year degree in Accounting and cannot find any kind of a job at all. I have no criminal record and do not do drugs or booze and no one will hire me at all. I am angry. MSI laid me and 199 others off and moved the call center after 32 years to a state paying workers $6.25 an hour. I hate it here.

[RayAir1]

@karrrido

I know it sucks out there. Over the last two years I've been laid off a total of 13 months. The government is lying. There is no recovery. None is coming either in my opinion.

[karrrido]

@RayAir1 yeah you had a REAL job with REAL money, I just worked in a coffee shop making nothing. And yeah we all got laid off after 6 months because they couldn't pay the rent.

[RayAir1]

@sentrylevel

No shit, show the working class man who is trying to support his family. Show what happens when he gets laid off. That's some sad shit and all too common. I have many friends who are laid off, some have been out of work for a year now. I live in one of the shittiest states in the country. They would like to pack up and move, but can't even afford moving expenses.

Good luck to you.

[RayAir1]

@karrrido

It used to 3 months, then like you said 6-9 months, but in this economy I would aim to save up an emergency fund that will cover you for 1 - 1.5 years.

I have a 52 week emergency fund and still save $400-$600/wk every week. I will never stop saving because I know there will be no retirement. Lost my pension and trust my 401k about as much as I trust Obama aka Barry Soetoro.

[cshargeit]

4 hundred to 7 hundred a month for food? c'mon i spend 5 hundred a month to feed my one mouth. but i am an a-a-a-co wino. that tree in corner gathers a lot of dust . she must be a great homemaker. my heart goes out. next my heart leaves this country.

[LazyBoy3325]

@aitraining I agree, 6-9 months worth of living expenses sounds alot, but the more you have the better of you will be in harsh times like these.

I have heard that 1-2 monthly wages are the minimum of what you should have, but again the more you have the better.

[fleshless1]

they took his job !

[Matt102585]

They can also make spaces in the rooms and put it out for rent. The son who was sitting there should consider working part time. They should do garage sales. If these dont work then i suggest the father to sell drugs and the mother to consider prostitution. Easy money, Im fulltime both.

[sentrylevel]

come to my house i will show you hard times. eating chicken and rice for a month or so on end.appliances breaking with no money to fix or replace. shits tough. This stupid video made me really angry. Those people are living great. they went from like 200k a year to like 100k. Get the fuck out of here. THESE people make it on to cbs? like wtf