2 answers
Ella
Student
Grundy Center, Iowa
4
Questions
Asked
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What is your personal experience with the 2008 financial crisis and the effects of it?
How has it impacted your life?
#experience
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2 answers
Bill Leonard
Technical Consultant/Exec Deal Lead
9
Answers
St. Louis, MO
Updated
Bill’s Answer
Good question!
It was obviously painful, stressful experience from a long-term investment/retirement perspective as most of us watched our revenue numbers drop significantly during that period.
For me it has ultimately meant that I will need to work at least four more years than was planned prior to that time to make up the lost retirement revenue.
If I had to pick a bright spot it was the reinforcement that these are a long-term investments and most of the places where the money was invested have recovered.
It was obviously painful, stressful experience from a long-term investment/retirement perspective as most of us watched our revenue numbers drop significantly during that period.
For me it has ultimately meant that I will need to work at least four more years than was planned prior to that time to make up the lost retirement revenue.
If I had to pick a bright spot it was the reinforcement that these are a long-term investments and most of the places where the money was invested have recovered.
Ann Gianoglio Burk, MBA
Student/Customer Care Manager | Operations Handywoman | People Developer | Lvl 62 Elf Lore Master LOTRO
151
Answers
Pittsburgh, Pennsylvania
Updated
Ann’s Answer
Hi Ella,
This is a very insightful question. Thank you for asking. It had a tremendous impact on my career. I had just graduated from college shortly before the crisis. I originally wanted to go into marketing research, but in a recession like that, marketing budgets are often first to go. On the other hand, a lot of people were going back to school to be more competitive in the job competition. So I ended up working in higher education. It wasn't in my plan, but I love working with students.
Hope this helps!
This is a very insightful question. Thank you for asking. It had a tremendous impact on my career. I had just graduated from college shortly before the crisis. I originally wanted to go into marketing research, but in a recession like that, marketing budgets are often first to go. On the other hand, a lot of people were going back to school to be more competitive in the job competition. So I ended up working in higher education. It wasn't in my plan, but I love working with students.
Hope this helps!