Eco slump could lead to eco jump

By Layron Livingston - bio | email
Posted by Ellen Krafve - email

TYLER, TX (KLTV) - Gray skies are an ironic reminder of cloudy financial times with more than 40% of Americans saying someone in their household has been forced to take a pay cut, or work fewer hours in the last year. More than a quarter say lay offs have effected their home.

"It's really, really hurting me," said Kael Bostick. "When you're looking for a job, you have no idea if you're going to get a call tomorrow. I could be unemployed for the rest of the year."

Kael's stresses are mounting, along with most everyone else's. Rising unemployment, tightening credit and other financial woes are stressing out more than half the country.

"If you don't have a bunch of money saved up, and you're depending on a job to pay the bills, then yes, that is a valid concern," said Jeff Wright, a Tyler resident.

Wright says he's fortunate to have a job.

"If you put yourself out there and you're marketable, there are jobs," said Wright. "There's still hope for this economy."

On the other hand, who knows what's around the corner?

"You never know what tomorrow brings," said Wright.

A majority of Americans still approve of the way the president is handling the economy, but faith in the feds is wavering. Licensed professional counselor, Jan Hughes says the concerns are warranted. But, can actually be helpful.

"A lot of people are actually using the stress to motivate and take control of their lives," said Hughes. "They're more hopeful...not that the situation will change, but that they can change the situation."

April Tawater, a Canton resident, says she's hoping her pay cut pays off.

"I try to work my way up where I'm at, but I'm also trying to go to college and get more an education," said Tawater. "It's a matter of time."

And, time will tell if gray skies will clear up. It's reported nearly a third of Americans think the stimulus plan has helped improve the economy. Meanwhile, many economist say we're close to, or have reached the bottom of the recession.

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