Feelings, Oh Feelings.

The National Bureau of Economic Research said (in October of 2010) that the Recession actually ended in June of 2009. TWO WHOLE YEARS AGO! This came as quite a surprise to a lot of people (me being one of them) since it seems that we are hearing almost daily about the unemployment rates and the effects of the slow economy.

However, it seems as though 78% of Americans have actually changed their spending habits for the better (!) because of the recession.

I find it particularly neat that most of the spending habits were considered “changed for the better” because of an overall reduction of personal spending.

Not necessarily an elimination but a reduction. That makes it sound SO doable. Cause, it is.

So what do YOU think? Is the recession over? How has  it affected YOUR life? What are your thoughts on this diagram? Love it? Hate it? Think it’s totally wrong or totally right? Tell me all about it.

click above image for a larger view & then click magnifying glass to have it large enough to read 

1 comment

One thought on “Feelings, Oh Feelings.

  1. Aubrey

    At first, the recession did not affect us because we were too poor! We had no retirement savings or other assets to get slammed, and if you recall waaaaaay back, at the beginning of it all all the stores had major sales and even groceries were a bit cheaper. So at first our standard of living marginally improved. But then gas and food prices kept going up, and my husband lost his job early this year and is still collecting unemployment. I had been a stay-at-home mom for two years and all of a sudden had to look for work. Even though I had professional certificates and a college degree, there were a lot of entry-level jobs I couldn't get because I was competing with people with 18+ years of experience who got laid off. It's been rough. I finally found a job, but my husband hasn't. I'd say the recession is FAR from over. For us, it won't be over until my job becomes full time or my husband finds a job. We're just taking each day as it comes and sticking to our budget like glue.

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