If I lost my job today I would have savings for...

Just curious how long people could live (aka pay their bills) if they lost their job. A recent unofficial CNN poll showed 33% of people had no savings whatsoever

For me, it would be 2-3 years before savings ran out or had to make an adjustment to my lifestyle.

 

6 months of liquid savings. Then about 6 more if I emptied my portfolio. Then a healthy Roth as a last (LAST!) resort.

 

2 days

 

That must be nice!

 

maybe 2 months.

That is of course if I sat on my fat ass and did not find another job.

If you lost your job with no recourse to find another job then some kind of I Am Legend scenario must have occured.

My answer to this thread title is "I would find my ass another job, pronto."

 

True dat. Even if I had to work at Wendy's or Walmart.

 

... however long my severance package lasts.

I don't have any substantial "savings." But, I do have some money in my retirement accounts. Before I dig into those, I'd be selling the S2000 and my house, though. That should give me enough liquidity to last about a year or so.

 

i am not sure in my situation... i have all of my $ tied up in the company i work for, a real estate trust and my rental crapholes..... so I really don't keep much "cash" laying around.... my truck is paid off so I guess I could just sell it or get a loan on it if i needed cash.

don't forget how expensive health insurance is once you are on Cobra... it gets damned expensive... probably $1200+ a month for a family....

 

I'd be fine for over a year before any assets would need to be sold or any invesments broken into.

 

Swiss govt would pay me 75% of my current salary for up to two years (unemployment pay), so not too worried.

But I would definitely go out and look for a new job asap. I could live just fine on savings and that income and maintain my current lifestyle during those two years.