Are You Prepared for a Major Port Strike – Like the One That Might Happen In a Few Days?

Friday, December 28, 2012
By Paul Martin

Earl Griffin, Contributor
Friday, December 28, 2012

In a recent article I asked the question, “Are You Prepared for a Nationwide Strike?” I hope you were not one of those who scoffed – as it now appears likely that this Sunday could see 14,000 dock workers walk off the job at container ports from the east coast to the gulf coast.

Do you work in manufacturing or retail? What will you do if you are furloughed or laid off from your job because there is no work as a result of the resources and products you need sitting idle in port?

Have you been saving for just such an emergency? Can you pay your bills even if you are out of work for a while? Remember you won’t be eligible for unemployment benefits until you are out of work for as long as 30 days. Even then the benefit usually only covers 60% of the pay you are accustomed to – that’s just over half – and you may still have to pay taxes on it!

The fact is most of us are not saving and preparing for hard times. Will you just throw your hands up and accept whatever fate awaits you? I don’t recommend it. Waiting in line for FEMA handouts – if there are any FEMA handouts, is no fun. Set money aside for hard times. Do what your grandparents did: Save your money – even if it means doing without the cool toys that many of us have come to believe are necessities.

The Rest…HERE

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