Is the Economy Scaring You?
Who hasn’t worried about the economy? With the unemployment rate so high and consumer goods costing more and more, I feel like I cannot possibly be the only one. First of all, I know I am lucky to have landed a great job. It took a lot of hard work and meeting the right people. This is not me complaining. My hubby is still underemployed, currently looking for a job. But I know he will land one when the time is right. My family is okay. They could be better financially. Two of my best friends have dads that have lost their jobs in the past year. Do any of you have a parent that has recently become unemployed? How do you deal with it?
When I started college four years ago, all my professors told us we were lucky to have just started college, and by the time we graduated the economy should be booming again. Well…hello??? It hasn’t!
Reading the news seems to make my anxiety worse. I’m an avid reader of the WSJ, BBC, Market Watch, Bloomberg; a habit I picked up in college. All the headlines are always about companies missing expectations, no jobs, etc. No wonder sometimes people stop reading the news and turn to celebrity news. It’s a way to escape the gloom and doom! I’m totally guilty of this….I love looking at celebrities’ fashion.
I understand the economy is going through a cycle, and is sort of fixing itself. We can’t continue to amass consumer debt, the way we did throughout the last decade; although a lot of our growth came from buying things. After all, we are American! But how can we have 1 out of 7 Americans on food stamps? Is that being American?
Serendipity relayed one of her encounters in A Change In Perception.
I think many pf bloggers; although not rich, are not on food stamps. In the world, where we urge to save money for a down payment, pay down debt and mortgage, and make more money, I think we can get caught up. It’s all positive, of course! It’s one of the reasons I escape into pf world. I love the optimism and am truly happy when some one accomplishes their goals! But sometimes I find myself feeling scared. What if things don’t turn around? Are we going to fall into a Great Depression? Are we in one? I worry about my parents. I feel for my friends’ family and for those friends who are struggling financially.
Then again, if we really are in a Great Depression how could 40,000 people afford tickets to the Texas Rangers vs. Angels game last night?
Picture taken from my Samsung Galaxy SII. This doesn’t even show the amount people spent on concessions or parking.
To me the seems depression invisible. Only truly affecting some people, and not so much others. What do you think?
All I can do is to continue hoping, saving, and working hard. Macro economics is out of my control, but I at least can help the economy by not driving myself into more debt. I just hope things start getting better for everyone.