From the LA Times:
Michael Van Gorkom was laid off by Yahoo in late April. He didn't panic. He didn't rush off to a therapist. Instead, the 33-year-old Santa Monica resident discovered that being jobless "kind of settled nicely."Week one: "I thought, 'OK . . . I need to send out resumes, send some e-mails, need to do networking."RW: Are you scared yet? I am. This is a very different picture than the one painted a couple weeks ago at the LA Times, where research indicates that unemployed individuals shift their work hours to productive non-market activities rather than leisure time....
Week two: "A little less."Every week since: "I'm going to go to the beach and enjoy some margaritas."
What most people would call unemployment, Van Gorkom embraced as "funemployment."
While millions of Americans struggle to find work as they face foreclosures and bankruptcy, others have found a silver lining in the economic meltdown. These happily jobless tend to be single and in their 20s and 30s. Some were laid off. Some quit voluntarily, lured by generous buyouts.Never heard of funemployment?
Here's Urban Dictionary's definition: "The condition of a person who takes advantage of being out of a job to have the time of their life. I spent all day Tuesday at the pool; funemployment rocks!"Of course, we could be seeing some healthy saving principles here. These 20 and 30-somethings saved enough money for that "rainy day" while they were working in order to consume when the income stream went dry....
Oh, and there is more....A video at Slate.com describing the booming Gaming industry (i.e., video games) as a way for families to spend less by playing games together. What ever happened to taking a hike, riding bikes, going on a walk, picnicking?