It was funny to hear debates on whether we were in a recession or not. For many people, this is a real recession. Not a recession for you? Great. Good for you. A few days ago I heard a radio ad that said “if this feels like a recession for you…” or something like that. I think we’re in for a few rough years. Maybe we aren’t in a national recession.
But for 50,000 Citigroup people, it’s a personal recession.
For 60,000 post office employees it’s a personal recession.
For businesses who didn’t make it through this last year, it’s a personal recession.
For the hundreds of homes in my neighborhood who are forced to be on the market, it’s a personal recession.
For the guy/gal who was happily employed a year ago, and now watching coworkers drop like flies, the smell of personal recession is in the air.
Last weekend a guy in Silicon Valley who got laid off went back and killed the CEO and two others. Personal recession and major workplace tragedy.
There are some who are going to be prepared, and some who are going to have their worlds rocked. I really, really hope that you are doing the things you can to prepare for a personal recession.
When can it happen? Who knows. I had my personal recession when it was a job seekers market. Go figure.