Descension
As the markets open this morning, I am fretting what that means for my husband and I, who were told in our 20s and 30s that we should be saving our 401Ks for a rainy day. We both are from poor/mid working-class families and both went to college (he served in the Army before I met him). We worked our way “up” to middle class with 2 kids, 2 dogs, 2 guinea pigs, and one rabbit. If you came to our neighborhood you would see a typical suburban setting of homes built in the early 2000s, and to my chagrin, all beige, except a few that went bold with dark grey, slate blue, and red. This is our second home and we bought it on short sale in 2014. Our first home was in an older part of Joliet, an American Four-Square, all brick built in 1928. We bought that home in 2003 then in 2008, we saw our first home plummet in value over the next four years. Well, we were lucky in that we didn’t lose everything, we both had our jobs even though our 401ks took a hit. But where we really fel...