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.