Does financial crisis affect you?
By sunny0806
@sunny0806 (248)
China
December 9, 2008 8:05pm CST
More and more financial crisis news come to us.A salary cut,downsize, lay off, no bonus, no overtime and so on. My general supervisor had been laid off last month and half of my colleagues are fired for no new items and i have shifted job for 2 months. I don't know what will happen next time.
I dare not consume without a plan, i suspend to buy a car. And though I have some money on hand i will not pay for my house ahead of schedule. I admit the theory of cash is great.
If you are in service, do you feel the pressure of the above?
If you are just graduate and are looking for a job, do you feel the difficulty for a good job?
If you are looking for a place to abreact yourself,well then Shout out here.
1 person likes this
3 responses
@Grandmaof2 (7579)
• Canada
10 Dec 08
Warm Welcome to myLot!!! 
Financial crisis affects everyone, I think it's all in the way we handle our finances and how much we have that will make the difference. People who are so used to having lots of money and spend like it's going out of style, they will hurt real bad. I was raised during hard very hard times and we had nothing more thsn the clothes on our backs. To day we are still struggling but things have changed. We each have a vehicle and we're making house payments. The financial crisis hurts more now becsuse we have more to lose. That's just my opinion. I have known people to split up and even take their own life over money. It's a serious issue. 1 person likes this
@sunny0806 (248)
• China
11 Dec 08
Before reform and opening-up Chinese people's consumption ideas are old-fashioned. We'll not buy what we want if we have no money on hand. Overconsume ideas are encouraged by government since about 1990 years. This concept are from foreign developed countries. Undeniable those who overconsume live a good life in the past ten years. But now they have to sell their big house or beautiful cars for no enough money pay for load.
After this financial crisis people begin to think over if the overconsume idea is a good idea and if it is deserved to spread.
Financial crisis maybe prove some ideas are wrong.
All of us should remember this crisis and as a lesson to tell our children.
@youless (112914)
• Guangzhou, China
8 Jan 09
There are many negative news about the global economy in these days. So even if at present it doesn't have an effect on me, but I already pay attention to it. I try not to spend lots of money and I will consider it well before I purchase something. Who knows what will happen tomorrow. It's better to have more money in these days.
I love China
@sunny0806 (248)
• China
8 Jan 09
Yes, we don't know what will happen tomorrow just like month ago my supervisor was laid off. Though I passed that layoff I do not pass this one. That is the truth. And they report that there will be more layoff in China after spring festival.
Good luck for you.
