I don't want to start a fire, or be insensitive, I'm honestly just curious.
I keep hearing in the news that we are facing the worst economic crisis since the great depression of 1929. Time magazine had a cover picture of people standing in soup lines. I'm having a really hard time believing all of this.
I'm curious as to how your life has been impacted due to the "economic crisis." Are you unable to buy groceries? Go to the movies? Buy those cute decorations on sale? Put enough gas in your tank to get you where you need to go?
I realize that many people have seen a drop in their investments, but investments are usually for the long term and will eventually bounce back, so I kinda don't count that unless you are literally ready to retire. Isn't the stock market a risk anyway? Don't we all know that going in?
Oh, and with jobs and people losing them, I can understand how that would be a serious consequence of the economic crisis, but there are still jobs out there. They may be lower paying, and people may have to sacrifice some things (cable, Internet, smaller house, etc.), but is anyone becoming homeless? Unable to eat? Is anyone, because of this crisis, standing in soup lines like people did during the great depression?
As for my family, we've always had to stay within a very tight budget, and nothing for us has changed (yet). In fact, this weekend my husband and I even went out to a movie (very rare for us) and there were loads of people there buying popcorn, soda, and snacks.
People are still shopping, eating out, and enjoying everyday "luxuries."
Have any of you been personally affected by this "crisis" in a life-changing sort of way?
I talked with my husband about this whole subject and he explained that it could get very bad because of people/businesses not being able to get loans and then people won't buy as much and then people will lose jobs. However, he also agrees that it will never be like the great depression, which was my main point. Either way, it's going to get worse before it gets better, but eventually the economy will come back around (I guess this also depends on who becomes president).