The economic downturn is on everyone’s minds. But is that because we are hearing about it, because we see some signs of it, or because we are directly affected by it? I have noticed many small shops near me go out of business. Several clothing boutiques, specialty stores, and nice stationary businesses closing their doors – those are the kinds of things people spend money on when they are not worried about basics.
I know a couple of people who have been laid off, and my husband’s business has seen some nicks in sales. But, knock on wood, we haven’t taken a big hit. That’s partly because I refuse to look at my 401k; I won’t need for a few more years, so why torture myself? We locked in our loan right before the bacon hit the skillet so phew to that.
What I want to know is, how are all of you doing? How is this economic downturn affecting you?
Given this is not the end of the problem, we might need to revisit this poll soon…