Originally Posted by shayinme
I'm with you, I am 35 and dh is 40 and this is the first recession that we are really feeling. Having just done our taxes, our income decresed by almost 30K from 2006 to 2007 and coupled with rising costs of gas/food, we are really feeling it. Its not just about being frivolous, its going to the store and seeing what used to be $50 worth of food now costs $80. We live in a part of the country that heats with oil and this winter was just brutal, thankfully we go on a budget plan but now that means last winter's oil bill will be paid off in July.
Do you think part of that is your ages, though? I am feeling this recession, but it's the first time that I've been part of my own family. In 1991 (one of the last recessions) I was just out of college, and I was poor, but so were all my friends. And I wasn't particularly bothered because I didn't have the expenses of a child, a home, a vehicle, saving for DD's college and retirement...or no, because I see on your sig that you had a little one about the same time?
I am feeling the gas prices, most definitely. And the gas prices have impacted our lives--I quit my job last June, because the ferry I used to take into the city for my commute raised their price considerably. I had reached the point where between daycare and commute costs, I felt like I was working to pay for work. I started consulting, and now I work from home 4 days a week, go in to the city once a week. I also switched to the train, and now I can make a ten trip ticket last the entire month. DH also switched to the train when the the ferry price skyrocketed. It adds about 40 minutes a day to his already long commute.
The only thing you can do about gas is not drive, right? I am trying to re-evaluate what is walkable these days.
DH is vegetarian, so I don't buy a lot of meat--but I have noticed how expensive it is, and I'm grateful we don't eat much of it. We are growing a big garden this summer.
I'm not concerned about anything dire happening to us, but I do know that my dollar doesn't go as far as it used to. And I really worry about the people living on the edge. I don't think what we're in compares to the Great Depression now, but add in a few more catastrophic events and we might get close.