“Evelyn Schellenberg lost her middle-management job in the Vancouver area at the end of 2009.
After a gruelling search, she found employment in August 2012, making about a third of her previous salary.”
“One of the things I did immediately, was.. I had a $20,000 line of credit on my credit card… I immediately dropped it to $5,000 because I did not want to go up to $20,000… I just knew that I wasn’t going to do that. So, to balance that out I had to start drawing on RRSPs to start paying for things… I lived on my severance… there was still some severance left when I was eligible for EI… but then, of course, when the severance ran out, all you are getting is $400 a week and that wasn’t enough to pay the mortgage. I owe my brother money, you know, to pay my mortgage. If I’d still been working through all this time… two more years on my mortgage…now, I’m even afraid to look…. probably eight years, on my mortgage.”
– from ‘How a Vancouver woman’s finances crumbled when she lost her job’, G&M, 7 Sep 2012