Has The Current Economy Downturn Affected You ...?

@rtslvtwy (1088)
Malaysia
December 18, 2008 2:45am CST
It seems like everyday I have been hearing news on job-cutting, retrentchments, salary-cut, production shutdown and stuffs like these. It looks and sounds like this economy is really going on the downturn especially over at the United States. I guess Asians here have felt it too. So, how does this economy downturn affected your life in any way ? Have you start to cut down on your spending ? Going on a car pool to work ? eating out less ? or your life is still the same as before ?
1 person likes this
9 responses
• India
18 Dec 08
no it has not affected me that much because i am not into job right now and am planning to do a business (in fact i have started the work on it ) but my friends have been affected by it very much.
1 person likes this
@rtslvtwy (1088)
• Malaysia
19 Dec 08
Good to hear that my friend. Hope your new business turns out great and also one that will pull through during this economy crisis. Good luck.
1 person likes this
• India
22 Dec 08
thanks for your wishes and also good luck to u whatever u do in your future.
1 person likes this
@akangirl (2436)
• India
18 Dec 08
Yes sure . Things have become costlier. I lost my job and i think ciao also changed its earning pattern because of it
• China
18 Dec 08
really ? you lost your job? so it seem Caio cant give your help in economic..ahah
1 person likes this
@rtslvtwy (1088)
• Malaysia
19 Dec 08
Sorry to hear that you lost your job too. It must be realy difficult to make ends meet without proper savings and a job. I hope you already found one that is as good as it was.
@alokn99 (5717)
• India
18 Dec 08
It has affected in terms of our work and business getting affected, thereby meaning that we have to find ways of means of cost cutting. Keeping the overall sentiment in mind, naturally i have kept this in mind to plan for eventualities.
1 person likes this
• China
18 Dec 08
yes,in the past i can paid for something which i did not really need. but niw i shall tink it about before make a dicision to buy them.
1 person likes this
@sunita64 (6469)
• India
18 Dec 08
Current recession has affected in an indirect way. As the buying power of money has reduced therefore things have become costlier, while there is no increase in salaries. Earlier every week I used to go for shopping now I have reduced to half, only once fortnightly. So yes this recession is affecting all.
1 person likes this
@rtslvtwy (1088)
• Malaysia
19 Dec 08
True enough that things are getting costlier even when the fuel prices has dropped so much. Hope all these ends soon and we can all go back to our normal lives.
@kunking (1118)
• China
19 Dec 08
yeah, this economy recession had affected my life and also my friends..some of them have been cutting and lost their job..another thing is people is going to save money for daily life..the taxi seems to be less attractive to many people now and the bus is becoming more and more crowded...anyway, every one is seeking to 'survive' the economy storm..have a nice day and happy mylotting!
1 person likes this
@rtslvtwy (1088)
• Malaysia
20 Dec 08
I do hope eveyone of us will be able to stay strong and pull though this tough times of economy crisis.
@wangson73 (164)
• China
18 Dec 08
everyone in the world have feel the cold of economic downturn,even millionare had cut off their expensive paidout.. a lot of my friend had been fired several weeks ago,it is sad for me to hear that.. i don't konw when is the end of this tide.
@rtslvtwy (1088)
• Malaysia
19 Dec 08
Hope it's already hit the lowest bottom now and that hoping 2009 will be a good start to slowly move up to be better and better as the days goes by. Hang in there my friend.
@eynjel05 (444)
• Philippines
24 Jan 09
Definitely YES! I finished my studies last year but until now, I still don't have my job. As what I had experienced when I am looking for a job, it's so difficult to find a job because of the global crisis, employers are not active in finding a job because of the economy. And the worst, some companies are deciding to close their business because they are no longer can afford to pay for their employees. But stil I am not losing my hope especially now that US president Barack Obama is already in the position. Since America is considered as the powerful country in the worls, whatever happens to their economy also reflects on our economy so I am hoping that there will be a progress since all of us believes that he can make the change that we are aiming.
@iamsolucky (1241)
• Philippines
24 Jan 09
I can say yes. It affects me a lot, i dont go out and enjoy time shopping and look for things to buy nows,i always need to budget everything now. We dont have salary increase in the company im working for. They are also doing cost cutting, every expenses are monitored. We dont have a lot of benefits to receive this year and there will be retrenchments. and yes i am feeling so sad about it. Its hard for me to budget my salary now. beside paying bills, i still need to support my family so i am looking for other income opportunities.
@nympha687 (940)
• United States
24 Jan 09
Yes, it did. I was hoping to go to Louisiana for a teaching job. My visa is ready but we were put on hold as the board decided not to import teachers and prioritize the local teachers due to economic reasons.