Speak Out: How will the bailout affect you personally?
Recently the U.S. Senate and House voted on a $700 billion bailout package to help the troubled financial market. The New Pittsburgh Courier asked how you felt about the bailout. Here’s what you said.
It makes me worry about the long-term profitability of myself and my family. I have been working on a 401(K) for four years and four months here at UPS and now I worry about its worth. Justin Johnson UPS Deliverer
When I plan to buy a house in the next few years it will definitely influence my decision-making due to the increase in mortgage rates. They’re bailing these companies out at our expense, and it’s not OK. Byron Davis Tattoo artist
Personally, I know I’m going to see it in my take home pay. They are going to tax us in every possible way they can—housing taxes and all. For the first time in eight years, I’m considering selling my home. Eric Johnson Caterer, Sodexho
YASMIN GUY
It’s crazy. As if I wasn’t already worried about finding a sustainable job after college, now this. The market will be even more competitive now. And graduate school, well employers might eliminate tuition reimbursement incentives. Sasha Shifflett Senior Slippery Rock University
I feel disconnected from Wall Street but I’m sure it will have a huge impact on my life. I’m sure it’s going to affect the availability of resources in the city—community development, schools, recreation. I heard every person is going to be paying $10,000, so one way or another they’re going to get my $10,000. Ronell Curtis Executive director Northside Coalition for Fair Housing
I’m paying back-owed taxes on my home as it is. I can’t afford an increase in taxes right now. When the time comes to put my little girl in day care, I worry now about if I will be able to afford it and if the ones I like will still be around with all this foreclosure mess. My family really has to reconsider how we spend our money. Yasmin Guy Stay-at-home mom
