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
BACK NEXT
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
'Spotlight' is just the latest edition of newspaper movies Here's a list of the best newspaper movies. More
Most valuable car collection ever auctioned In total, the 'Pinnacle Portfolio' is the most valuable group of cars from one collection ever sold in a single auction. More
This is how far robots have come since the 1930s Are robots catching up to humans? Yes. Should we be scared? Find out! More

Special Offer