Has the economic crisis affected you personally?

[Shearwater]

Originally Posted by MothBalls

I even bough domestic beer yesterday. Gawd I hate American beer, it's one thing we don't excel at.

That's why I'm drinking German beer, right now

On a more serious sidenote though: A friend of mine is currently faced with the perspective of unemployment. They phoned him during the holidays and told him that if the economic situation does not improve until the end of September, they'll sack him. Since they did it on too short notice, it could be that he does not receive unemployment pay (you need to tell the employment agency 3 months in advance before your contract expires).

Fortunately, both of my parents are employed in the public sector and thus their jobs aren't affected by the crisis. I'm really glad of that.

I was working during the current semester break, which in itself is a good thing because finding vacation jobs has also become increasingly difficult, but since I've done it a couple of times before and have always done a good job, I was lucky enough. However, a colleague of mine who was also working there just graduated as an engineer and couldn't find a job because the company he was working for during his studies has just imposed a hiring freeze about two months before he finished.
So bottom line: I'm not affected personally, but I know a couple of people who are.

[SteamWake]

Yes

[Task Force]

yes, no, maby so... err yes... lots of stuff, not alot of money...

[GoldenRivet]

Since the economic crisis has started i have completed all of the following

1. Purchased a new vehicle with great financing options
2. Purchased an airplane
3. Opened a flight school which is doing relatively well (paying for itself with profit)
4. Moved into a nicer area of town

I think that the "crisis" is highly localized to specific areas.

[Arclight]

Not me personally, no, my income actually went up and inflation is at 0%. Overall buying power is up, but so is unemployment. Gonna be a treasury deficit, though not as bad as predicted. Budget cuts are nescesary, but won't be made next year, instead they'll wait to recover from the depression.

I still think that if the media hadn't stirred up a storm, nobody would have been the wiser and people would have just spend as normal, greatly reducing the impact of it all. But that's another matter.

[Aramike]

Originally Posted by GoldenRivet

Since the economic crisis has started i have completed all of the following

1. Purchased a new vehicle with great financing options
2. Purchased an airplane
3. Opened a flight school which is doing relatively well (paying for itself with profit)
4. Moved into a nicer area of town

I think that the "crisis" is highly localized to specific areas.

GR, great post! See, most people don't realize that, while a "crisis" is indeed a crisis for some, it is an opportunity for others. For instance, the housing collapse sucked ... unless you were in the market to buy your first home.

As for me, the economic situation really hasn't impacted too badly. Sure, I've lost value on my home like everyone else but considering that it's free-and-clear and I have no interest in selling, who cares? I work for an organization that prepares forecasting reports and position pieces for government bodies so work isn't an issue. The only real impact I've noticed is that my teenage daughter is having a difficult time replacing her current job.

[stabiz]

Nothing wrong here either, I have actually never had more money than I have now.