Furthermore...projecting past the time when your not having free-rent -- when will you move out to your own place? What will the job pay you? How much of a place will you afford to rent then? Say the job pays you $10/hour...what will your rent/living expenses be? How will you drive around? You have a car? How will you pay for insurance (there's basically no public transportation out there)? What...you have no car?
Excerpt from USA Today news:
""There really is nowhere to hide in this economy," Moody's Economy.com chief economist Mark Zandi says.
"If you lose your job, it's not clear where you should move to find one or even what training or education you need to retool yourself," he says. "The hallmark of the current downturn is that it is so broad-based across industries, occupations and regions of this economy."
Workers in some states certainly will be better off than others. Employers in six states " Washington, Texas, North Dakota, Colorado, New Mexico and Nebraska " and Washington, D.C., are expected to shed less than 1% of their workers this year.
At the same time, Ohio
, Missouri, Florida, Connecticut, Hawaii and Michigan are forecast to lose the greatest proportions of their states' jobs
. Michigan, hit hard by a rapid decline in the U.S. automotive industry, is expected to shed more than 175,000 jobs this year, a 4.3% decline, according to Moody's Economy.com.
Nationwide, employers are expected to cut 2.7 million jobs this year after eliminating more than 2 million positions in 2008, according to Moody's Economy.com. "