Quote:
Originally Posted by Seaver
The Great Depression... the worst in history only had 25% unemployment. You may be just fine, but I'm making 20% of what I was making only a year ago after 9 months of unemployment. I may not be in the "unemployed" category but I'm still losing $600/month in bare living expenses and I have nothing more to cut at this point. To claim this is not a recession is asinine.
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And my great depression was 2003-2004 when I was unemployed, and I still live like it was 1932 even today. Living in poverty changes you long term, even if you start doing ok.
Go read the thread about preparing yourself for the end of society to find out what is really important in life and what you can still cut. I'm not saying that you should cut more, just that living a 3rd world lifestyle surviving with no money is possible. And I think it's a shame that with all the technological advances we have made that living with no money isn't exactly a simple and decent life.
I would define this as an artificial bubble popping leading to the loss of quite a bit of money people think they had.