With sinking stock prices, plummeting home values, a financial system on the verge of obliteration and soaring unemployment rates it is all but impossible to ignore the economic crisis that is in front of us. But national coverage aside, it is apparent everywhere you turn now. I have personally been seeing the "signs of the times" within the last month. I have witnessed family, friends and co-workers taking pay cuts, being laid-off and having jobs eliminated. I have witnessed a foreclosed homeowner being police escorted from their home carrying their belongings in garbage bags. I have even witnessed an out of work,middle aged man, holding a cardboard sign willing to work to feed his family.They say that during a recent study the average american is spending 2.8 hours each day worrying about the financial situation. They also say we are deep in a recession and it will only get worse before it gets better. I don't know who "they" are but I'm sure to some families it feels more like a depression at this point. And I am terrified of what is really going to happen.
Have you been seeing the signs of the times. If so, what have you witnessed or how are you feeling.
1 comment:
Two years ago we made a bold move (literally). We put our beautiful home up for sale and moved one mile away. The choice was clear at the time. We had considered expanding our exisiting home but opted for a larger one where our equity would go farther. Two years later our beautiful home is still for sale. {sigh}
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