Ridgewood, N.J., recently won a dubious honor from BusinessWeek. The magazine predicted that the town would be one of those that would see the most suffering because of the country’s financial collapse.
Ridgewood is located about 25 north of New York City, and is home to many people who made their living on Wall Street as bankers, brokers, financial consultants and other money-related jobs. Today, according to an NPR story, the town is suffering. That’s because one in six residents works in finance or real estate.
This is a tough time to make a go of it in either of these fields. Both are shrinking.
Of course, if you’re good enough at something, and you work hard enough at it, the odds are good that you will do well, even if you happen to be working in what others would consider a dying field.
In Ridgewood, though, I’m sure there are a lot of folks who wish they hadn’t gotten those finance degrees right now. Of course, there are a whole lot of people across the country staring at their own college degrees and wondering why they can’t find a job.