How has the economy affected your life? Who is to blame?
By celestos
@celestos (814)
United States
September 19, 2008 4:42am CST
I am curious how the economy and it's current state has affected your life. Do you shop less,drive less? Have you had to go without things you needed like health insurance and groceries? Who do you think is too blame for the shape our economy is in?
1 person likes this
5 responses
@xParanoiax (6987)
• United States
19 Sep 08
Well, we were never well off. We've just moved up a bit from being poor in the last few years, we're barely middle class. So, we're normally thrifty, local buyers, flea markets type folks.
However, even though we buy plenty of stuff from farmers and local growers, we do have to go to grocery stores.
Since the economy's taken a more sharp turn, this past month though, I've noticed our money getting steadily tighter. I've been trying to encourage my Mom to do more of her grocery shopping at the dollar store and a few other small time local stores which're usually good for finding deals (with decent variety)...but just now that Walmart's selling out of their scarce deals, is she doing it.
We don't have health insurance, haven't for over four years.
We don't drive a ton to begin with, and can't afford to drive more at this point even if we want to.
Who's to blame? Alot of people, actually. A little bit of people from the government, the huge companies and banks...and those that helped them shape this economy in the way it's been for the last few years.
There's investigations now, so I'm sure we'll get a decent amount of them...but like our government's economic guys have said, there's not alot we can do to fix the whole economy short of a complete overhaul.
For the rest of us, though...I think we gotta find creative ways to survive. I'm a young lady, I was supposed to go to college early, but I can't afford college right now...and I might not for years.
My dream careers, because of this, are now out of reach. So, I'm trying to be creative. I'm hoping to micro-farm and make my own wares to sell locally...online...I might even travel to some nearby cities...I haven't figured it out yet. I'm hoping this'll be enough to build my life off of, to help feed my family since I can't afford to leave home and they can't afford me to leave either.
Isn't it sad? If I work at it, I can afford to start up my own business of sorts, but I can't afford to go to college to secure a well-paying job for the rest of my life. And it's not even like I'm a slacker student or anything like that, I've always gotten good grades, I've always worked hard my whole life...but I'm having just as hard of a time as everyone else.
In a more minor way it's affected me, it's insured that I can't buy or maintain a car. I'm going to try to get myself a scooter with 75 MPG, and some gear to make sure I can drive it during cold weather...because it's cheaper and I can deal with that easier than having to constantly pay insane amounts of money at the pump for simply driving to and from the city if I get a job there.
2 people like this
@spalladino (17891)
• United States
19 Sep 08
College is never completely out of reach, Paranoia. There are scholarships, Pell grants, financial aid. You may have to settle for community college for the required general education courses but it is possible to follow your dream if you work hard and try. I'm sure you're not really 8 years old but, if you are, you're bright enough to qualify for enough scholarhips to finance a four year degree at a major university. I live in a very small rural county in Florida and my nieghbor's daughter is attending the University of Miami on a combination of scholarships that will pay for all four years, including housing.
@xParanoiax (6987)
• United States
19 Sep 08
The idea wasn't just college itself, it was to get specific knowledge and degree so I'd be set up for my future, which was an ideal I was only shooting for because I thought things might be decent enough that I could accomplish that. But with my family needing me to help support them, and me needing money for AFTER college even if I manage to get a scholarship (which I don't have any money for regular living independently, and even if I work at getting enough money now, it's unlikely to be anywhere near enough even with the choices I'm making...and this is ignoring the unpredictability of the economy and how it might change things between now and then).
I'm not eight, I'm actually a teenager, though an older one at this point.
I was supposed to go to college between 14-15 years old..you're kind to say I'm bright enough, and everyone says I can still do it...but at this point it doesn't look worth it even if I bully my way through and try to make it work.
I'm NOT going for loans which I may never pay back either, I've seen how it's destroyed people before.
I am country, I'm homeschooled, and I have to look after my Mom, Dad, and little brother...'cause we don't have decent chances on our own, individually.
We've bills we're behind on, and if things continue it will be hard to afford food. So...my new hopes to build something of my own business in this near future and maybe find another job of some sort on the side...and the way I'm doing things now is the best I can manage.
I'm not giving up on my education. A very kind member of mylot pointed me out to some free online MIT courses (I don't get a certificate or tests on most of it, but I could work on furthering my education that way).
I'm just re-evaluating how my dreams and reality translate.
I'm really glad for your neighbor's daughter. I love that alot of young people can get opportunities like that.
I wish I was one of them, but I gotta be practical here, Spalla.
I'm probably not even the worst example of how this economy is affecting people, either.
I'm not arguing with you that college is never out of reach, I just can't ignore a potential price here for reaching at all for my case.
@spalladino (17891)
• United States
19 Sep 08
Just don't give up on your dreams altogether. Readjust your goals and take advantage of the internet as far as educational opportunities go. You really do seem very smart, considering your age and the MIT course sounds great...anything you do will have an impact on your future. I do wish you the best of luck and I want to leave you with this. I had wanted to go to college after graduation but I was in love and chose to get married and go to work. Then the babies came and college was out of reach for many years. I never gave up on the idea though and finally did go later on in life. The economy will not stay as it is so don't give up. It runs in cycles and will eventually turn around.
@evanslf (484)
•
19 Sep 08
The main area where I can say that economy has affected my life is that I am more careful with my speed when I drive: I drive more slowly and smoothly as this cuts down on the cost of petrol. I make sure that my tyres are the correct pressure, I try to use the air conditioning less, all these help to some extent in keeping my petrol bill down at the end of the month.
@cjgrooms (4456)
• United States
19 Sep 08
This is just MY opinion--- We the people are responsible for the mess this country is in. If we had not allowed politicians to spend their entire lives sitting in the senate the congress and the house of Reps. (NOT DOING ANYTHING CONSTRUCTIVE) spending Willy-nilly and for no good purpose except that it gets them in with the right lobbiest that can get them re-elected over and over (regardless of the poor performance at their elected jobs) and regardless of how much money they squander and the fact that WE the people have to pay the price for their greed and selfishness. The only way we are going to get out of this mess is to place someone with BUSINESS sense in charge of our budget and let them run it like the business it is (this would be painful for us all but worth it in the end). We have health insurance through my husbands work but we have defiantly quit making unnecessary trips to town or anywhere else, and our grocery allowance has been whittled down to the absolute minimum. Nothing is going to change until companies are made to take responsibility for their own mistakes and we the people are not expected to keep paying higher taxes to bail them out-this includes certain areas of the government. And that is MY opinion and no i don't expect many people to agree with it but it is what it is!
@spalladino (17891)
• United States
19 Sep 08
We've cut out unnecessary driving and wasteful spending...but not all of it. My husband is a disabled vet and I'm employed so we have health insurance and, while I have stopped buying some things at the grocery store, it's more out of protest then necessity. Of course, we're older...most of our kids are grown and independent...so our expenses overall are less. The answer to your last question isn't an easy one because there really is no one person to blame. A lot of people were involved in causing this...the oil companies, those who turned a blind eye to our energy needs, the financial institutions that gave home loans to people who could not afford them, the day traders on Wall Street, those who turned a blind eye to what was happening in the financial sector. There's a lot of blame to go around.
@lilwonders456 (8214)
• United States
19 Sep 08
You bet it has. I do not drive enless I have to. I consolidate all my errands into one trip on one day. I budget for groceries and everything else. We cut a lot of stuff out. We do not go to the movies or things like that. We are still making it but it is a pinch. Especially when gas prices jumped a dollar here in 48 hours due to Ike. Heck we are not even close to Texas. My aunt in NC said she saw gas stations with $6 and up for gas right after Ike. Talk about a ripp off.
Who is to blame? Well it is simple.ALL of our elected officials. Who are spending and printing money like there is no tomorrow. All the wasteful earmarks. Plus Congress has a hard time accomplishing anything because they refuse to compromise with each other. They are stuck in party lines and we are the ones paying for it. So both sides are to blame. THey saw the signs, they were told thsi was coming. Were they pro-active and did something about it? Heck no. THey are not really being re-active about it at all. And when they are it is usually to do the wrong thing. WE the tax payers are now bailing out all these companies for bad business practices. Anyone bailing you out? Nope. We as usual we are left holding the bag.