Heard from the Street - Tuesday 03/24/09

Silver Lake, California

The "Heard from the Street" report represents a series of short interviews regarding what Main Street in Southern California is thinking regarding, "How are you coping with the changing economy?"

Retired Network Staffer: Joan has seen alot of life and is now comfortably in retirement. She currently receives; social security, pension, 401k account (Less than it was) and has a husband with a few more work years in him. They are both healthy and own their own home. Yet Joan is concerned. She holds her purse tight to her chest and is worried about the future. Remembering the Great Depression as a little girl she fears we may be heading down the same painful path. Careful about all her purchases, Joan feels a need to be thrifty especially during these uncertain times.

Comment
Joan has made all the right move regarding her retirement. Yet she is clearly worried that her golden years might be spent under some dark economic clouds.

James Monachino