Comments on: Everyone’s Talking Recession. Why Don’t I Feel It? http://www.thiswriterswallet.com/2008/04/15/everyones-talking-recession-why-dont-i-feel-it/ the story of an Chicago 20-something as she tries to make, save and spend money Fri, 21 Nov 2008 14:43:32 +0000 http://wordpress.org/?v=2.6.3 By: Rosa http://www.thiswriterswallet.com/2008/04/15/everyones-talking-recession-why-dont-i-feel-it/#comment-687 Rosa Wed, 16 Apr 2008 02:24:12 +0000 http://thiswriterswallet.com/?p=304#comment-687 Well, many people are having money troubles because they didn't plan ahead or they just overspent in general. You aren't feeling the recession because you are smarter than that. I am not saying that the people who are affected by it necessarily all brought it upon themselves; but when you actually listen to the individual complaints, there tends to be a common thread of being too much in debt in the first place, living paycheck to paycheck and then not knowing what to do when gas prices rise. Or those who borrowed too much and cannot handle their mortgages. Again, I know that there are some who are innocent victims here. But it seems that most of them could have just planned ahead better like GG is doing. :) Well, many people are having money troubles because they didn’t plan ahead or they just overspent in general. You aren’t feeling the recession because you are smarter than that.

I am not saying that the people who are affected by it necessarily all brought it upon themselves; but when you actually listen to the individual complaints, there tends to be a common thread of being too much in debt in the first place, living paycheck to paycheck and then not knowing what to do when gas prices rise. Or those who borrowed too much and cannot handle their mortgages.

Again, I know that there are some who are innocent victims here. But it seems that most of them could have just planned ahead better like GG is doing. :)

]]> By: mfaorbust http://www.thiswriterswallet.com/2008/04/15/everyones-talking-recession-why-dont-i-feel-it/#comment-688 mfaorbust Tue, 15 Apr 2008 19:35:57 +0000 http://thiswriterswallet.com/?p=304#comment-688 I feel very much the same, though I think I may be artificially sheltered because I'm young, live in a big city, and have so many less financial responsibilities. I rent (and split that rent four ways), so there's no property to pay an escalating mortgage on or maintain, and my landlord pays the gas bill; I don't drive, and though public-transit fares have gone up, it's not at all comparable to prices at the pump; and I'm actually declining freelance work, for the first time, because there's too much to keep up with. But it's surreal to know that outside my bubble, it's quite a different story. I wonder how much longer I'll be insulated. I feel very much the same, though I think I may be artificially sheltered because I’m young, live in a big city, and have so many less financial responsibilities. I rent (and split that rent four ways), so there’s no property to pay an escalating mortgage on or maintain, and my landlord pays the gas bill; I don’t drive, and though public-transit fares have gone up, it’s not at all comparable to prices at the pump; and I’m actually declining freelance work, for the first time, because there’s too much to keep up with.

But it’s surreal to know that outside my bubble, it’s quite a different story. I wonder how much longer I’ll be insulated.

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