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Have you personally been affected by the financial downturn?

Have you personally been affected by the financial downturn?(private vote)

  • No, I am better off now

    Votes: 2 7.7%

  • No, my economy is solid

    Votes: 3 11.5%

  • No

    Votes: 4 15.4%

  • No, but I am more worried than before

    Votes: 5 19.2%

  • No, but worried about job security

    Votes: 3 11.5%

  • Yes, slightly

    Votes: 4 15.4%

  • Yes, quite clearly

    Votes: 4 15.4%

  • Yes, in many ways

    Votes: 1 3.8%

  • Yes, horribly

    Votes: 0 0.0%

  • Yes, lost everything

    Votes: 0 0.0%
  • Total voters
    26
Slightly, my credit card company turned into even bigger dicks. But hey, they're Citigroup. Before their bailout they were almost caput.
 
No, but worried about job security.

I work for an big company and they have been in the news for layoffs lately. They've layed off thousands of people in the last couple months. One good thing I feel bad about, is one office that closed we got all their business. So while that happened there is still no definite that we will not be affected, so it's kinda scary. Other than that I am pretty secure with my finances and I really haven't been affected other than my grocery bill going up.
 
Lachean said:
Slightly, my credit card company turned into even bigger dicks.
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My interest rate was raised to 19.9%. I have had the card for 8 years, and never been late on a payment! I don't put much on the card...just a few bills that I have on autopay, and then I pay the card off. Anyway, I just switched to using my debit, and I am done with them. That really pissed me off.
 
It hasn't affected me personally YET and will probably not, but I fear that it can, the reason for this is that the economies are imploding, my country is pretty well of, but still there is an economic downturn which in the end could endanger my job situation, making me more worried personally, but mostly because I worry about the situation of others and what consequences this could have not only on the society around me and the effects of that spilling over to me personally.

As a former solider all this has encouraged me to acquire more military equipment and weapons and the consideration into buying a gun for future security if some kind of ill scenarios happens. I'm not really paranoid, but it feels better to be on the safe side and prepared for any situation.

Is this strange or do any of you actually do the same thing?
 
Lost my job in September. That wasn't a consequence of the downturn... but I don't start my new job until January. Makes the longest I've been out of work, with the exception of when I was on Social Security, since I was in high school.
 
I cannot really say how secure my job is. I don't know.
I believe it's secure in that my company is unlikely to go bottom up.
I believe my position is tenuous, because in the current job market, degreed people would now be willing to accept it, possibly at an even lower wage than I receive, and I am not degreed.
But maybe that's just paranoia. I really am pretty good at what I do.
It's easy to be good at something when you love it.
 
If you don't mind me asking, What do you do?

In reply to topic, it hasn't affected me yet since I'm a student, but I feel like it will be harder to enter the job market. Hopefully Obama will turn around the economy and it will be easier next spring.
 
Only slightly, and in a mix of ways. Of course, gas prices are a given, in all their fluctuations. Incidentally, I got a fantastic deal and interest rate on my recently purchased home. I feel secure in my jobs. I work for a company of several hundred people, and if I were laid off tomorrow I'd be the first one. I'd not their greatest employee, but I think I would be far from the first to go.
 
My company started downsizing.

:(

Looking for a new job in between posts :lol:
 
I'm a student, so I've been pretty insulated so far. I'm not worried about finding a job as I go to a top tier school in an industry that's expanding despite recent troubles. The biggest financial worry I have is that if I decide to enroll in my school's integrated Master's program I'll have to go another semester or two and will have to find some loans. The credit market sucks now and I somehow doubt it will get better over the next year. Either way, at least I'm doing okay for now
 
The fall in house prices allowed a cash purchase of a house otherwise completely unaffordable.
 
I have to change my previous stand. I am in Spain where there is notably a deflation going on.. I never ever noticed prices going down like I did from the last time I was in a store and then seeing todays prices about 25% lower on average.
I actually never saw prices decrease in my life.

Heck, I am on foreign wages so I am actually better off now than I was before. Consider it change from "more worried" to "better off". Except I am also worried on behalf of others and the economies in general.
 
Maximus Zeebra said:
I have to change my previous stand. I am in Spain where there is notably a deflation going on.. I never ever noticed prices going down like I did from the last time I was in a store and then seeing todays prices about 25% lower on average.
I actually never saw prices decrease in my life.

Heck, I am on foreign wages so I am actually better off now than I was before. Consider it change from "more worried" to "better off". Except I am also worried on behalf of others and the economies in general.
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I also should add that falling gasoline prices are beneficial to me.
It would seem that for those who haven't lost their job and don't have market type investments (or need investment income) the "economic crisis" has been economically beneficial.
 
Maximus Zeebra said:
I am just waiting for some American to pick apart my 5000 word reasoning, by a slight spelling mistake in a sentence, to prove why I am wrong, and he is right.
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Its very annoying when people do that.
 
Bonnie1988 said:
I also should add that falling gasoline prices are beneficial to me.
It would seem that for those who haven't lost their job and don't have market type investments (or need investment income) the "economic crisis" has been economically beneficial.
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Are prices of food(especially) and consumer goods(more than usual cycle) also falling?

I can see how drop of prizes in gasoline and property can help, obviously.
 
Maximus Zeebra said:
Are prices of food(especially) and consumer goods(more than usual cycle) also falling?

I can see how drop of prizes in gasoline and property can help, obviously.
Click to expand...
Not food prices. Many consumer goods prices are dropping, but not extremely so yet. The prices on electronics seems to be dropping. Car prices are definitely falling.
 
Bonnie1988 said:
Its very annoying when people do that.
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It almost seems like an obsession on the US, also in politics, to go into technicalities and derail the broader debate to prove that someone is wrong, which according to the same type of people prove that they are wrong. Which they aren't necessarily, but the mindset is dangerous and highly annoying.

Of course, if something relevant is wrong and you base your broader conclusion on totally wrong smaller facts or on one fact that is so important but wrong, then its relevant, and you are wrong, but it doesn't mean that the other party is right.

I prefer the mentality of proving that you are right instead of proving that other are wrong, in whatever way you can, even to the extremes of trolling.


All this is also annoying :lol:
 
Bonnie1988 said:
Not food prices. Many consumer goods prices are dropping, but not extremely so yet. The prices on electronics seems to be dropping. Car prices are definitely falling.
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Yeah, electronics especially, faster than usual. Aside from this getting paid in Euro makes me a more wealthy man in most of the world that before, and now also in Europe apparently.

I like how things look, for example property prices are just ridiculous bubbles as result of excessive loans. We only get "fair housing prices" if the government takes control. Why should a house cost the average man 30ish years of his life in the same place? Between 5 and 10 years would be fair.. I remember a decade ago the average was about 20, but with the made housing booms that rose to 30-35 in Europe.. Madness. England even worse. Crazy.
 
I'm seeing a line of bad numbers come out of the US lately and some worrying numbers here in Europe. Not seen anything positive in months now from the US..

This worries me a bit.
 
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