2 of 6
BACKNEXT
John Riley
Hometown: Philadelphia, Pa.

I worked for a large technology firm for about 10 years, but then the recession hit and a lot of our contracts dried up. I was laid off last year, and luckily, I found a job a few days later.

While the salary was the same, decreasing benefits reduced my discretionary income by about 10% to 15%. I suddenly had no 401(k) matching, a frozen pension and rising health care premiums.

One of the biggest questions my wife and I have had is, do we continue to contribute to retirement? Or do we steal from the future in order to make ends meet today?

Over the last 10 years, I've seen a lot of the tech jobs shipped overseas to India, and even Austria and Ukraine now. I think there's a definite impact on our wages here because of it.



NEXT: Gretchen Blankenship
Last updated February 18 2011: 8:13 AM ET
Overnight Avg Rate Latest Change Last Week
30 yr fixed3.98%3.95%
15 yr fixed3.05%3.05%
5/1 ARM3.32%3.71%
30 yr refi4.05%4.03%
15 yr refi3.12%3.11%
Rate data provided
by Bankrate.com
View rates in your area
 
Find personalized rates:
More Galleries
Some Converse copycats cost big bucks A few bargain brands got swept up in Chuck Taylor's net, but others cost a pretty penny. More
Urban infrastructure gets a second life Railroad beds become parks, power plants become aquariums and slaughterhouses are now art centers as an industrial past turns people-centric. More
Boomtown moms From working mothers raising their kids in RVs to stay-at-home moms who spend their days organizing events for the Oil Wives club, meet the moms of North Dakota's oil boom. More

Special Offer

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.