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.

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 fixed3.62%3.69%
15 yr fixed2.77%2.80%
5/1 ARM3.12%3.07%
30 yr refi3.61%3.69%
15 yr refi2.76%2.83%
Rate data provided
by Bankrate.com
View rates in your area
 
Find personalized rates:
More Galleries
Here's what costs more than a barrel of oil Oil prices have crashed to below $27 a gallon -- a level not seen since 2003 -- which makes a barrel of crude cheaper than lots of everyday purchases that we don't think twice about. More
Super Bowl 50 ads are studded with celebrities The 2016 Super Bowl has rolled out the red carpet for the likes of Helen Mirren, Amy Schumer, Seth Rogen, Steven Tyler and the late, great Marilyn Monroe. More
The women of marijuana These women entrepreneurs and executives are making their mark in the marijuana industry. More

Special Offer