Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

6 of 12
Bill Chitwood - Worried about outsourcing
Process operator, 46
Greenwood, Ind.

I feel like I have lost a lot of my buying power in the last 7 years. I've worked at one of the largest companies based in Indiana for the last 27 years. I have had 2 raises in the last 7 years.

I have been saving about 20 percent of my pay in my 401k during those 7 years and now have close to $450,000, but now when I could really use some decent returns is when the market is down.

I also do not feel very good about my job security. My previous job at this company was contracted out in 2004, but I was lucky enough to find a comparable job from within.

My company now is in the process of contracting many more jobs out. I worry that one of them will be mine. I am in the process of selling my home in a depressed market so I will be ready if my job is contracted.

NEXT: Erik Krohn - Living within his means

Last updated August 28 2008: 4:39 PM ET
More Galleries
Ralph Lauren's many looks A look at his brands and iconic creations More
8 biggest job killing companies of 2015 Whole Foods became the latest corporate giant to lay off workers. Here's a look at the companies that have announced the most jobs cuts this year. More
America's best beer towns Here are the best cities to crack open a cold one and celebrate Oktoberfest, according to Trulia. More

Special Offer