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Life as many people knew it over the last 1-2 decades will cease to exist. For some this will be rather dramatic, where as others may not even notice. Just depends how much you got catch up in the zeitgeist of the day.
Regardless, people are often melodramatic about this stuff, but I think the shift in behavior could be pretty profound.
Agree 100% with you on that. Life is going to change dramatically and I don't think people realize that.
Think about the breakfast places we have out there. Waffle house, Dennys, IHOP, Mcd's BK, just to name a few. Now a couple of those are going to go away because there just won't be enough demand to keep them all open. Soon we will have less choices, and there will be lower paying jobs, and less jobs, etc. If you were prepared, you will be fine. If not, it will feel like a nightmare. Regardless we are all going to suffer to some extent.
2 big things will happen. 1. DOWNSIZING. 2. LESS CONSUMPTION ....get ready for it.
when is all this "dramatic shift" going to happen? it seems like we've been talking about this for the last two years straight and my life isn't any different.
I was poor two years ago, and i'm still poor today.
when is all this "dramatic shift" going to happen? it seems like we've been talking about this for the last two years straight and my life isn't any different.
I was poor two years ago, and i'm still poor today.
We are going through it right now. Chrysler is closing 789 plants, no more circuit city, GM is moving to china, etc. I don't have to bore you with all the other companies who are going away do I? Or how many people are walking away from their homes, or just haven't paid the mortgage in a year, etc.
If it was bad for you 2 years ago, its probably going to get a lot worse.. ha.
We are going through it right now. Chrysler is closing 789 plants, no more circuit city, GM is moving to china, etc. I don't have to bore you with all the other companies who are going away do I? Or how many people are walking away from their homes, or just haven't paid the mortgage in a year, etc.
If it was bad for you 2 years ago, its probably going to get a lot worse.. ha.
But ufcrules1,
Aren't you a proponent that believes that you make your own bed? and that if you work hard enough, there's nothing stopping you from succeeding? It's all about attitude n'est pas? and the middle class is doing just fine.
So, we're all doing fine... and companies that close aren't going to effect me, people walking away aren't going to effect me, demand slowing down isn't going to effect me, overseas demand picking up isn't going to effect me, dollar devaluation isn't going to effect me, tax increases aren't going to effect me, because I have a great attitude, low debt, plenty of money to give away (err, savings) and we're all doing fine on this magic cloud separated from everybody else.
It's all about the attitude If your afraid... then you don't have the attitude and work ethic
Not a soapbox. Just sick and tired of hearing the same drumbeat from the "sky is falling" crowd. This is a cyclical downturn and we'll recover. Some things may be different; some things may stay the same, but this mantra that life as we know it has ceased to exist and we're all doomed is getting old fast.
Also tired of hearing about people who made no attempt to plan for their own future and are now suffering the consequences. I'm not foolish enough to ignore the fact that I could be out of a job tomorrow, but I'm also not foolish enough not to have planned for that possibility.
Hear, hear. Me too. Now if only those of us who were responsible didn't have to pay for the rest of the deadbeats...
Not a soapbox. Just sick and tired of hearing the same drumbeat from the "sky is falling" crowd. This is a cyclical downturn and we'll recover. Some things may be different; some things may stay the same, but this mantra that life as we know it has ceased to exist and we're all doomed is getting old fast.
Also tired of hearing about people who made no attempt to plan for their own future and are now suffering the consequences. I'm not foolish enough to ignore the fact that I could be out of a job tomorrow, but I'm also not foolish enough not to have planned for that possibility.
What will stay the same is the people who never learn and will continue to live beyond their means and then not be able to pay their bills, and not ahve any savings to fall back on and look for anybody else to blame but themselves.
Just finished paying off the last couple of hundred on the credit cards and the mortgage is next. As I am about to retire I would welcome a price collapse but if you have observed gas prices I doubt that will be allowed to happen.
Hear, hear. Me too. Now if only those of us who were responsible didn't have to pay for the rest of the deadbeats...
Unfortunately, if you have those paper green things in you wallet, or a digital account denominated in these green things... your part of the system along with everybody else.
People forget that we're all part of the system and other people's excesses or frugality likewise backfires to you as well. Should of taught a few generations of Americans that there needs to be a balance of production consumption and not the other way around with excessive consumption (households) and not enough production (businesses/companies innovating/exporting).
It all started from day one by spoiling your kids, commercialism, and rabid individuality at the expense of others (selfishness).
when is all this "dramatic shift" going to happen? it seems like we've been talking about this for the last two years straight and my life isn't any different.
I was poor two years ago, and i'm still poor today.
You obviously have to look outside of your own life to see more general societal changes. Many people's lives won't change much, but society as a whole will change.
Also, how people experience it will depend on where they fit in the economic scale. Those on the low end will remain broke and poor, they will observe a tougher job market and declining wages though. In this sense many will be broker and poorer.
But ufcrules1,
Aren't you a proponent that believes that you make your own bed? and that if you work hard enough, there's nothing stopping you from succeeding? It's all about attitude n'est pas? and the middle class is doing just fine.
So, we're all doing fine... and companies that close aren't going to effect me, people walking away aren't going to effect me, demand slowing down isn't going to effect me, overseas demand picking up isn't going to effect me, dollar devaluation isn't going to effect me, tax increases aren't going to effect me, because I have a great attitude, low debt, plenty of money to give away (err, savings) and we're all doing fine on this magic cloud separated from everybody else.
It's all about the attitude If your afraid... then you don't have the attitude and work ethic
-chuck22b
Chuck,
Please don't get me started. Middle class can be affected by a major recession/depression, thats common sense, it doesn't mean its "going away" I've also said many times that people have been living way beyond their means and over consuming. Please don't forget that we still have a workforce of 91%. 9% unemployment is a bad bad thing though and does impact millions of people. For anyone who has not prepared they will suffer, also there will be plenty of innocent bystanders, but the majority are people who over consumed and did not prepare.
Will this recession have "some" impact on me? Yes. Nobody is completely deep recession/depression proof. Will I be 100% fine because I have lived within my means and have always lived a life of preparing for the worst? Yes. Will you? Probably not. You would rather blame the system for the mistakes YOU have made. Sure there are problems with "the system" but you have to understand that and take advantage of it, not use it as a crutch. You have to EVOLVE.
America needs to DOWNSIZE and stop OVER CONSUMING. Smaller houses, smaller cars, use less electricity, stop using so much credit, etc. The list goes on and on. Sure, people may make less money but their cost of living will be so much lower that it wouldn't matter.
You are basically trying to throw me in one category of the "I'm self sufficient and since I am everyone can be" When its not cut and dry like that. It's much much more complicated. If you are going to label me then I will be forced to do the same with you, and put you in the SAVE ME FEED ME crowd. Although I don't truly think thats where you belong.
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If your afraid... then you don't have the attitude and work ethic 
