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From $80,000 a year to eviction: Hard times in America

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Amber Easton has gone from $80,000 a year in salary to scrambling for work. At a time in her life when she should be scaling the corporate ladder, she has instead spiraled into a deep depression. She recently lost her car and now faces eviction from her apartment.

Just last week, the 35-year-old longtime working professional attended two job fairs with friends in the Detroit area. They stood in line for over three hours with hundreds of professionals of all types.

“It was a real eye-opener to see the caliber of people we were in line with — very educated with vast skill sets,” Easton said in an e-mail. “Afterwards, we went to the restaurant located in the same hotel and it was filled with unemployed professionals sharing their story, from engineers to graphic designers to marketing professionals.”

Easton’s saga began in July 2007 when she traded in her job as a corporate compliance officer to attend law school, what she thought would help advance her career. But after a year of law school, she decided it wasn’t for her. By then, her old job was gone and the job market had shrunk.

“It’s hard not to be depressed during a time like this,” she wrote iReport.com. “I never imagined in a million years that I would be in such a situation at my age and at this point in my career. I am humiliated. I am praying for everyone else out there is who are facing the same problems.”

She has applied to 70 different companies but gotten few leads. She recently went through a rigorous interview process for one job in another state, but to no avail. Share your economic survivor story

Every day, she searches for new job possibilities and every day results in more desperation. She estimates she’s making $20,000 — “if that” — as a contract employee working from her home. “I just haven’t made enough to keep up.”

Her Detroit neighborhood a couple years ago was booming, she said, but now “it’s like a ghost town around here.”

“It’s bad everywhere, but it’s so, so bad here,” she said.

Across the nation, people like Easton are feeling the pinch. Good jobs have evaporated. Former full-time employees are now working part-time contract positions just to get by.

Nearly 2.6 million jobs were lost during 2008, the highest yearly total since the end of World War II in 1945. This week alone, major corporations have announced more than 80,000 job cuts, bringing this year’s total to well over 200,000…

Continue Reading  www.cnn.com

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Posted by John Malloy on Jan 31 2009. Filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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