My sense of humor is not everyone’s cup of tea, but I did find this New York Times article about the uptick in vasectomy operations poignant. The doctors and health professionals quoted are all discussing the anecdotal evidence about how the bad economy is driving more and more men into the operating room.
From the New York Times:
Urologists and clinics have noticed an uptick in recent months in the number of men requesting vasectomies.
Planned Parenthood says that compared with last year’s first quarter, requests for vasectomies were up more than 30 percent in the first three months of this year.
“The recession has created a new level of urgency among our clients”
And Wall Street dependent-NYC may be the epicenter of this trend:
On the Upper East Side of Manhattan, where the financial industry’s collapse has compressed many a household budget, Dr. Marc Goldstein says he has been performing more vasectomies than usual over the last five months.
“I’ve been in practice for 30 years, and I’ve never seen a spike like this,” Dr. Goldstein said. “Many of my clients work in finance and say they feel anxious about the expense of an added child.”
Raising three children in Manhattan is nearly impossible when you have a job. Imagine seeing your mid-6 figure salary become severance and then become zero, with your health benefits about to expire as well. In that scenario, you may consider abstention (out of the question for The Reformed Broker) or even prevention by surgery.
The side effects of this recession are beginning to get more and more bizarre. I could mentally deal with the whole people-washing-their-own-cars thing but now we’ve reached a whole nubba lebel.
I’m a New York City-based financial advisor at Ritholtz Wealth Management LLC. I help people invest and manage portfolios for them. For disclosure information please see here.
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