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worry about current teachers
Old 04-01-2020, 07:01 AM
 
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I have been reading posts in the lounge about what people are doing and buying online etc.

I am worried that some our our current teachers are not thinking about the financial impact in the near future. Yes they are getting their salary now. But there will definitely be a lot of changes going forward.

People need to be saving money. Those of us who survived 2008 remember the huge budget cuts and layoffs. My district layoffs went back to eleven years seniority.

We can expect salary freezes, higher insurance premiums, higher contributions to pensions. This is not the time to be spending on things that are not essential.

We have been told by financial experts to have a 3-6 month emergency fund on hand. How many teachers actually have it?

This has been a wake up call in so many ways. I have discovered that I need to verifiy emergency info on my students because so much was outdated or non existent. I need to actually set up an earthquake supply and not just talk about. We all know what we should do but have been blindsided by this and need to stop thinking that all will be normal in a few weeks.


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Old 04-01-2020, 07:18 AM
 
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I think you are so right! I see people in various FB groups I'm in posting about buying stuff, and I think no, you should save your money!
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My Thought...
Old 04-01-2020, 07:43 AM
 
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You are absolutely right.

I think you should post this in the teacher's lounge. Hardly any others besides retired teachers will read this otherwise.
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Old 04-01-2020, 11:24 AM
 
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Youíre absolutely right!
Quote:
Those of us who survived 2008 remember the huge budget cuts and layoffs.
We sure do remember that and I hope we learned from it. I just got a text from DD who is WFH. She said how lucky she is to still have her job. Iím so glad she knows. And I sure was grateful today when my pension deposit showed up.
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give them a heads up
Old 04-01-2020, 12:22 PM
 
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Sonoma, give teachers a heads up in the lounge or busy board. I clearly remember the panic I felt in the 2008 crash. My own son has been so wise and told us yesterday he has enough for 6 months if they live very frugally. We'll all have to adjust our lifestyles somewhat after this is over. Save every penny you can today to cover the clear possibility of higher costs and less income tomorrow.

These hard times present a lesson and it's up to all of us to learn it.


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I won't be surprised
Old 04-01-2020, 03:38 PM
 
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if pension and other benefits decrease as well as having governmental employee layoffs.

My state runs on "gaming" income, Las Vegas being the primary supplier of cash with Reno-Sparks in second place. With casinos closed, there is no income from that source and very little sales tax coming in with so many stores closed.
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