Anyone really worried about the state of our economy?
I hate to admit it, but I've always just rode through life not paying attention to the economy. I leave that up to those that actually have an interest in economics! But I'm realizing its time to get in quick and understand where our nation is headed. The frightening part for me is that the whole situation is so overwhelming! I think I am going to start small, make sure my investments, savings etc are all secured, pay off as much debt as possible and try to stay positive.
Tags: economy
Replies to This Discussion
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Permalink Reply by Lisa Survillas on -
These are for sure scary times. :{ Just being aware is a big step I think. I am not interested in economics either, but I wish I had paid closer attention when I took it so that I would have a better understanding of what is going on.
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Permalink Reply by Michele on -
I just try to go with the flow. Remember, if you've retirement invested with AIG etc... Your money is not in AIG - your money is invested in stocks and bonds, and they were just the management company. I am with Washington Mutual for a couple of accounts, and I was a little nervous about the recent takeover, but I did my research, and my money is safe for now, and they were right - I am still able to access everything in my accounts. For me, the transition was seamless. I'd be a little ball of stress if I tried to worry about all of it... So I just remember that as long as my husband (and I for now) still have our jobs and health insurance, I need to not worry. If we lose those, then I can worry - as long as I work to solve the problem. That's how I've chosen to look at it anyway.
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Permalink Reply by Linda Sellers on -
Yes, I am worried. I don't think it will end up disastrous because I do think something will work out. There are cycles in any economy and we have to realize it isn't always going to be smooth sailing. No matter what, you have to be prepared. It is scary, and I just keep on top of the news as much as I can without being overkill.
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Permalink Reply by Nia @ Babytime Bags on -
I feel the same way. Where do you find the time to get up to speed is my problem! I really wanted to read the Bailout bill, but couldn't find the time to sit down with all 100+ pages. But we must be informed, otherwise they'll slip something in that's good for the squeeky wheels (i.e., big banks, corporations) and not that great for the average joeanne who may have to wait 7-10 years before she stops being penalized for one bad mortgage choice.
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Permalink Reply by Kristine on -
hopefully the tide turns soon!
Linda Sellers said:Yes, I am worried. I don't think it will end up disastrous because I do think something will work out. There are cycles in any economy and we have to realize it isn't always going to be smooth sailing. No matter what, you have to be prepared. It is scary, and I just keep on top of the news as much as I can without being overkill.
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Permalink Reply by Kristine on
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I have to agree, we can't do much worrying about it! I'm confident something will come out of this soon that turns things around. It's just a big eye opener for sure.
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Permalink Reply by TheScrappyMama on -
It is scary times now, but I am pretty much like Mel. I can't worry about things that I cannot control. I can only try to control my own finances (and most of the time that is a challenge).
Mel said:I don't worry about it as I feel it's one of those things out of my control. I choose not to worry about those things but I do remain positive and make wise choices. That is all anyone can really do.
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Permalink Reply by cherrie on -
considering the fact that it's at the point where my husband can't even find a job anymore and every month we have to scrape and sometimes borrow just to pay our rent, yeah, I'm worried sick about the economy. I used to have a house and three cars and lived the life of my dreams and it was all pulled right out from under me after 9/11. I lost everything. Since then I've been homeless and now I live with the constant fear that it will happen to me again no matter how hard i work to make it NOT happen again. I don't think I'll ever be confident in the economy ever again after all that's happened to me in the past seven years. I only wish I could live a dream life where I could pretend it wasn't happening but it IS happening to people all around you, people losing their homes, their apartments, having to stay in shelters, stay with friends, sleep in their cars, etc. And they were mostly probably all people like me that used to have EVERYTHING the "American dream" describes. I cry as I write this because I don't even know how I'll pay this months rent. or how I'll even pay my intenet bill but I need it for my jobs, i work two jobs and am trying to find a third job on top of that and it probably still won't be enough. My kids don't know how hard it is for us to try to keep a roof over their heads and how many times it's come so close for us being homeless again and I am so damn scared all of the time. Ia this any way for americans to live??? and so many of us are living this way...
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Permalink Reply by Kristine on
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Wow, sounds like you have been through a big nightmare. I am sorry to hear of your struggles. I really hope things start looking up for you and your family.
cherrie said:considering the fact that it's at the point where my husband can't even find a job anymore and every month we have to scrape and sometimes borrow just to pay our rent, yeah, I'm worried sick about the economy. I used to have a house and three cars and lived the life of my dreams and it was all pulled right out from under me after 9/11. I lost everything. Since then I've been homeless and now I live with the constant fear that it will happen to me again no matter how hard i work to make it NOT happen again. I don't think I'll ever be confident in the economy ever again after all that's happened to me in the past seven years. I only wish I could live a dream life where I could pretend it wasn't happening but it IS happening to people all around you, people losing their homes, their apartments, having to stay in shelters, stay with friends, sleep in their cars, etc. And they were mostly probably all people like me that used to have EVERYTHING the "American dream" describes. I cry as I write this because I don't even know how I'll pay this months rent. or how I'll even pay my intenet bill but I need it for my jobs, i work two jobs and am trying to find a third job on top of that and it probably still won't be enough. My kids don't know how hard it is for us to try to keep a roof over their heads and how many times it's come so close for us being homeless again and I am so damn scared all of the time. Ia this any way for americans to live??? and so many of us are living this way...
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Permalink Reply by Lisa Survillas on
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Ditto...you and the fam are in our prayers!
Kristine said:Wow, sounds like you have been through a big nightmare. I am sorry to hear of your struggles. I really hope things start looking up for you and your family.
cherrie said:considering the fact that it's at the point where my husband can't even find a job anymore and every month we have to scrape and sometimes borrow just to pay our rent, yeah, I'm worried sick about the economy. I used to have a house and three cars and lived the life of my dreams and it was all pulled right out from under me after 9/11. I lost everything. Since then I've been homeless and now I live with the constant fear that it will happen to me again no matter how hard i work to make it NOT happen again. I don't think I'll ever be confident in the economy ever again after all that's happened to me in the past seven years. I only wish I could live a dream life where I could pretend it wasn't happening but it IS happening to people all around you, people losing their homes, their apartments, having to stay in shelters, stay with friends, sleep in their cars, etc. And they were mostly probably all people like me that used to have EVERYTHING the "American dream" describes. I cry as I write this because I don't even know how I'll pay this months rent. or how I'll even pay my intenet bill but I need it for my jobs, i work two jobs and am trying to find a third job on top of that and it probably still won't be enough. My kids don't know how hard it is for us to try to keep a roof over their heads and how many times it's come so close for us being homeless again and I am so damn scared all of the time. Ia this any way for americans to live??? and so many of us are living this way...
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Permalink Reply by April on -
I have to admit I am worried about it! The other day I was driving by a homeless shelter and there was a mom and her 3 little children waiting on the steps for a place to sleep. That is hard to see when there are small children with no place to call home! It is reality for alot of families and with the economy the way it is it will only get worse before it gets better.
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Permalink Reply by Kristen Andrews: Featured Contributor of Style on -
I don't consume myself w/ worry and Linda is right there are cycles and it needs to run its course. It can't stay this way forever and if everyone gets so scared that they stop living, spending etc it will get even worse. I am not saying spend money if you don't have it. I know they say the econmy is bad but if you got to a mall or a restaurant they are packed!
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