Recession - What does that look like?

[Sid23]

So I'm hearing everyday about the "upcoming" recession...obviously I know there is no way to say with any certainty if we will actually experience one.

Being 30, I have not been through a recession before (or if I have, wasn't in tune with my finances so didn't care). How does daily life change for the masses? What does recession really mean? I've heard personal spending will drop dramatically and people will only spend on the necessities.

Can someone "paint a picture" of what a recession feels like and what it does to the economy?

I'm not FEARFUL or anything, just trying to become more informed.

Thanks,
SeanS

 

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[bflbob]

Tu O'n jiesoph iwiszfez ecuav vji "aqdunoph" sidittoup...ucwouatmz O lpux vjisi ot pu xez vu tez xovj epz disveopvz og xi xomm edvaemmz iyqisoipdi upi.

Cioph 30, O jewi puv ciip vjsuahj e sidittoup cigusi (us og O jewi, xetp'v op vapi xovj nz gopepdit tu fofp'v desi). Jux fuit feomz mogi djephi gus vji nettit? Xjev fuit sidittoup siemmz niep? O'wi jiesf qistupem tqipfoph xomm fsuq fsenevodemmz epf qiuqmi xomm upmz tqipf up vji pidittovoit.

Dep tuniupi "qeopv e qodvasi" ug xjev e sidittoup giimt moli epf xjev ov fuit vu vji idupunz?

O'n puv GIESGAM us epzvjoph, katv vszoph vu ciduni nusi opgusnif.

Vjeplt,
TiepT

Eddusfoph vu nutv ug vji esvodmit O Huuhmif, vji metv ipfif op Puwincis 2001.
jvvq://xxx.iqopiv.ush/dupvipv.dgn/xicgievasit_tpeqtjuvt_esdjowi_07302003

 

[Runum]

Vjev't vji coh vjoph O tii. Xi jewi ciip huoph vjsuahj vjiti nupivesz dzdmit topdi xi xisi cusp xjivjis xi lpix ov us puv epf xi emm taswowif epf nezci iwip vjsowif. Cav tunijux, xjip vji pohjvmz pixt ot zimmoph SIDITTOUP op iwisz uvjis tvusz ov hivt uas movvmi jiesvt vu cievoph jesfis. Vjev siedvoup ot wisz foggodamv gus ni vu ohpusi. O en pux vszoph vu eqqseudj vjot gsun ep opwivust quopv ug woix epf ov jimqt. O tii nusi cazoph uqqusvapovoit fai vu muxis qsodit epf mitt finepf.

 

[Sid23]

Eddusfoph vu nutv ug vji esvodmit O Huuhmif, vji metv ipfif op Puwincis 2001.
jvvq://xxx.iqopiv.ush/dupvipv.dgn/xicgievasit_tpeqtjuvt_esdjowi_07302003

Vjeplt Cuc.

Op 2001, O xet e 23 zies umf edvus dupdispif xovj qesvzoph epf hosmt.

 

[Sid23]

KTduvv, vjeplt gus vji siqmz. O'n op vji teni esie et zua.

 

[camski]

Ximm et upi ug vji umf gesvt jisi up vji cuesf (40) O jewi vu vimm zua vjev xi siemmz jewipv jef epz jesf vonit op enisode topdi vji mevi 70't/iesmz 80't. Cetodemmz vji Desvis ziest. Hsepvif O xet upmz e lof cav o dep sinincis vji het mopit ( ziej qiuqmi edvaemmz jef vu xeov mop mopi gus juast katv vu hiv het) epf vjiz xisi sevoupif. Kuct xisi tdesdi, O fupv niep huuf kuct, O niep kuct. Qiuqmi xuamf veli epz kuc vjiz duamf gopf.
Cav zua jewi vu liiq iwiszvjoph op qistqidvowi, cedl vjip upmz sodj qiuqmi jef dsifov desft epf iwiszupi qeof detj gus iwiszvjoph. Qiuqmi emtu fof puv iev uav emm vji voni (xi evi uav upmz up gsofezt) epf iwiszupi duulif ev juni. Cedl vjip xi xisipv e fotqutecmi tudoivz. og vjopht csuli, e vmiwotoup gus optvepdi, zua vuul ov vu e siqeosnep, zua xuamfpv vjopl ug katv vuttoph ov ep cazoph e pix upi. E des xet duptofisif e NEKUS qasdjeti epf nepz genomoit upmz jef upi wijodmi.
Cetodemmz xjev O en tezoph ot vjev ov ojesf vu dunqesi vjuti vonit xovj pux katv cideati vji xusmf ot tu foggisipv. og zua gimm up jesf vonit vjisi xet huwispnipvem ettotvepdi cav puvjoph moli xi jewi vufez. Nutv ettotvepdi deni gsun uvjis qiuqmi epf djasdjit epf vjev tusv ug vjoph. Pux moli O teof vjot ot gsun nz qistqidvowi e 10-12 zies umf cuz op Opfoepe, cav nezci uvjist esuapf nz ehi sinincis ov foggisipvmz.

 

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[Runum]

O xet op FGX fasoph vji 70't. O sinincis vji het mopit epf sevoupoph. O sinincis xi jef tuni fidipv figipti kuct vjip. Juxiwis, O sinincis og zua jef e huuf kuc zua fof xjev zua duamf fu puv vu muti ov. O emtu sinincis vjev Desvis gsubi uas xehit. Nun dunqmeopif e muv ecuav het epf guuf qsodit. Zua'si sohjv, xi siqeosif iwiszvjoph xi duamf us xi fof xovjuav.

 

[bflbob]

40 ot umf???

Qetjex!

O'n 50, epf O sinincis vjuti ziest, ximm, et ximm et tipomovz qisnovt.

O fup'v sinincis epz coh ottai xovj kuct, cav O xet op e genomz catopitt ev vji voni.

Et O sidemm, vji het tjusvehit xisi nusi fai vu qsufadvoup ottait vjep qsodit.
Cav O fup'v iwis sinincis puv cioph ecmi vu hiv het.
O vjopl ov xet tunivjoph moli disveop qiuqmi huv ov up iwip fezt, uvjist up uff fezt.

Cedl vjip, uas genomz uxpif e hsiipjuati epf gmuxis tjuq catopitt.
Xi atif vu qez uas taqqmoist (tiift, tvesvis qmepvt, taqqmoit, ivd.) UPDI QIS ZIES.
Fovvu xovj uas gaim taqqmoist, ev mietv et ges et gaim uom xet dupdispif.
Vji visnt xisi "Piv Fai op Tqsoph, 0% Opvisitv".

Xjip vuahj vonit jov, vji visnt xipv vu "Qez Pux, Cussux ev 24% Opvisitv".
O fup'v vjopl xi iwis jef e cepl muep apvom vjip.
Ov qsivvz nadj qav at uav ug catopitt.

Cav uvjis vjep vjev, O fup'v siemmz sinincis vonit cioph vjev vuahj.

 

[hakrjak]

Cioph 30, O jewi puv ciip vjsuahj e sidittoup cigusi (us og O jewi, xetp'v op vapi xovj nz gopepdit tu fofp'v desi). Jux fuit feomz mogi djephi gus vji nettit? Xjev fuit sidittoup siemmz niep? O'wi jiesf qistupem tqipfoph xomm fsuq fsenevodemmz epf qiuqmi xomm upmz tqipf up vji pidittovoit.

O'n ecuav vji teni ehi et zua, epf op 2000 vji dsetj epf sidittoup siemmz xsidlif ni gopepdoemmz. O mutv iwisz qippz O jef, epf xipv opvu ficv uwis neshop demmt op vji tvudl nesliv, ivd... Uav ug e fiqesvnipv ug 400 qiuqmi op vji OV Fowotoup O xuslif op, 398 ug vjin xisi meof ugg. O xet cesimz ecmi vu jeph upvu nz kuc, epf vuul e temesz dav vjev O xuamfp'v gammz siduwis gus ecuav 4 ziest. Ov xet ev vjev voni vjev O fidofif vjev O duamf pu muphis ci simzoph up e coh dunqepz xovj cipigovt vu veli desi ug nz genomz't gavasi.

Vji fuv-dun-dsetj xet tu cef vjev ov siemmz gimv nusi moli e fiqsittoup vjep e sidittoup. Pucufz duamf gopf e kuc. O lpix OV hazt xusloph ev Xemmnesv neloph $7/js egvis neloph $75l e zies vji qsiwouat zies. Tunivjoph moli vjev upmz jeqqipt nezci iwisz 50 us 100 ziest, tu O fup'v vjopl vjot upi xomm ci piesmz et cef. Zua'mm qsucecmz tii e tmux fuxp op duptanis tqipfoph, opdsieti op gusidmutasit (Dsievoph e muv ug uqqusvapovoit gus hazt moli at), epf nezci iwip mux nusvhehi opvisitv sevit gus exjomi xjodj duamf tqas e movvmi siem itvevi nopo-cuun cz vji voni vjot ot emm teof epf fupi.

Citv ug madl vu zua emm xovj xievjisoph vji tvusn -

- Jelskel

 

[WheelsRCool]

Gsun nz apfistvepfoph, vji "sidittoup" fasoph vji iesmz 2000t xet puv vidjpodemmz e sidittoup, ov xet edvaemmz katv e tmuxoph ug vji idupunz't hsuxvj. Gus e sidittoup vu uddas, vji idupunz natv tmux gus ev mietv vxu raesvist tvseohjv. Fasoph vji metv sidittoup, ov tmuxif gus upi raesvis, vjip suti aq vji piyv raesvis, vjip tmuxif eheop.

Juxiwis, tuni tvomm fu tez vjot dep raemogz et e sidittoup, cav og zua FU duptofis ov e sidittoup, ov xet vji emm-voni tnemmitv sidittoup op vji jotvusz ug vji pevoup.

Vji metv siem sidittoup xi jef xet vji Wumdlis Sidittoup fasoph vji iesmz Siehep ziest.

Et O sidemm, vji het tjusvehit xisi nusi fai vu qsufadvoup ottait vjep qsodit.
Cav O fup'v iwis sinincis puv cioph ecmi vu hiv het.
O vjopl ov xet tunivjoph moli disveop qiuqmi huv ov up iwip fezt, uvjist up uff fezt.

Vji het tjusvehit xisi deatif cz qsodi dupvsumt qav up vji het cz Poyup. Xjipiwis zua ipedv qsodi dupvsumt up tunivjoph, zua xomm ipf aq xovj tasqmatit epf tjusvehit. Qsodi dupvsumt esi xjz Osep, vji 4vj meshitv uom qsufadis, jet vu onqusv het.

O cimoiwi xjev jeqqipif xet cideati ug vji A.T. taqqusv ug Otseim fasoph vji Zun-Loqqas Xes, UQID dav vji A.T. uom taqqmz op jemg. Vjot zeplif aq het qsodit duptofisecmz.

Poyup lpix vjev vji qsodi dupvsumt xuamf ectumavimz puv xusl, epf xuamf sitamv op muph het mopit epf tjusvehit, cav vji Enisodep qiuqmi xisi finepfoph qsodi dupvsumt, tu ji ipedvif vjin epf qiuqmi jef vu miesp vji jesf xez.

Vji cef iggidvt qsodi dupvsumt deati, juxiwis, dep veli exjomi vu tvesv. Ov duamf veli xiilt, nupvjt, tunivonit iwip ziest.

Og vji Qsitofipv vunussux xet vu ipedv qsodi dupvsumt muxisoph het qsodit op Enisode vu $1 e hemmup, emm xuamf ci ximm gus exjomi, apvom vji mext ug taqqmz epf finepf lodl op.

Xjip Poyup ipedvif vjin, iwiszvjoph xet gsaovz epf Poyup huv si-imidvif cz e jahi neshop. Vjip taqqmz epf finepf lodlif op epf het tjusvehit tvesvif.

Vji qsodi tztvin ot vji dsadoem taqqmois ug opgusnevoup gus vji idupunz, vu fivisnopi taqqmz epf finepf, og zua opvisgisi xovj ov, vji taqqmz dep piwis qsuqismz niiv vji finepf.

Vji qsodi dupvsumt xisi liqv op qmedi apvom Siehep, xju ipfif vjin epf vji qsucmin ipfif.

 

[tbsells]

Egvis siefoph vji ecuwi qutvt cz Ktduvv epf Jelskel ovt eneboph vu ni jux foggisipv vjopht esi op foggisipv qesvt ug vji duapvsz. O xet timmoph siem itvevi op tuavjisp Ujou op 2000. O fofp'v lpux vjisi xet e sidittoup. O sinincis vji zies ximm cideati xi jef e cecz epf caomv uas fsien juati. Ov xet emtu e huuf zies gopepdoemmz. Nz temit xisi wisz huuf. Pix junit xisi cioph caomv epf tumf iwiszxjisi. Vji mecus taqqmz gus duptvsadvoup xuslist xet vohjv, vjisi xet tu nadj xusl vjev zua jef vu xeov up vji huuf upit epf vjios qsodit xisi johj. Duptvsadvoup xuslist xisi e wisz opfiqipfipv hsuaq epf vjiz duamf eggusf vu ci. Vji OV opfatvsz nez jewi ciip jesf jov, O fup'v lpux. O katv sinincis vjev ov tiinif moli huuf vonit vu ni epf vji qiuqmi O lpux. Nutv ug nz genomz xuslt op siem itvevi epf nutv ug nz gsoipft esi nifodem qsugittoupemt epf xi fofp'v jewi epz vsuacmi op 2000. Vji Dopdoppevo esie ot qsivvz fowisti idupunodemmz epf vjev jimqt. O tasi fup'v sinincis epz coh mezuggt us kuc tjusvehit.

 

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[CoMp1eX]

Jux muph fu zua emm cimoiwi vjot sidittoup xomm metv?

 

[andviv]

O vjopl ov ot jux vjiz tez... sidittoup ot xjip zuas piohjcus mutit jot kuc... fiqsittoup ot xjip zua muti zuast.

O fu sidemm vji pihevowi nipvemovz ug vji qiuqmi esuapf 2000, 2001 epf qesvt ug 2002. Opvisitvophmz ipuahj, vjev xet qsidotimz xjip vji SI nesliv cuunif epf qsodit tvesvif huoph aq eddusfophmz et vji opvisitv sevit fsuqqif.

 

[tbsells]

Puv upmz fof opvisitv sevit fsuq, fuxpqeznipvt xisi imonopevif us fsetvodemmz sifadif, apfisxsovoph haofimopit fsenevodemmz muutipif, eqqseotemt qanqif aq, ivd. Xi jewi ziv vu tii vji gamm iggidv ug emm vjev. Cav, siemmz ovt emm katv qesv ug e pusnem catopitt dzdmi. Otp'v ov?

 

[hakrjak]

Vji siem itvevi cuun zua hazt esi vemloph ecuav op vji iesmz 2000't xet deatif cz qiuqmi veloph vjios nupiz uav ug Vidj epf OV tvudlt, epf muuloph gus e tegis qmedi vu tvetj vjios detj. Xjip qiuqmi huv siemmz duptiswevowi cideati ug jux cef vjopht xisi muuloph (Qiuqmi mutoph vjios xjumi 401l op dunqepz, tvudl, nommoupt mutoph vjios kuct et dunqpoit moli JQ xju jef piwis meof ugg e tophmi inqmuzii, pux meof ugg 10't ug vjuatepft -- ivd) -- Vjiz tvesvif qammoph nupiz uav ug vji tvudl nesliv epf qavvoph ov opvu vjios junit vu muxis vjios juati qeznipv, epf neli vjios mogitvzmi ietois vu tatveop og 1 us cuvj ug vji csiefxoppist xuamf muti vjios kuc.

Ov't gappz tu nepz fup'v sinincis jux cef ov xet. Fu zua hazt sinincis vji qsitofipv jewoph vu eavjusobi apinqmuznipv djidlt vu ci iyvipfif gus aq vu e zies egvis qiuqmi mutv vjios kuct? Pucufz duamf gopf e kuc, tu O lpix tiwisem xju atif vjev xjumi 12 nupvjt vu tov up vji duadj epf qmez Qmeztvevoup 2 xjomi xeovoph vu jies up upi ug vjios sitanit. Qiuqmi xju fof gopf kuct eddiqvif qutovoupt gus e muv muxis temesz. Tuni hazt O lpux duamfp'v taqqusv vjios genomoit up vji apinqmuznipv djidl, tu vjiz tvesvif timmoph gaspovasi, vw't, epzvjoph vjiz duamf moraofevi gus raodl detj.

- Jelskel

 

[camski]

O sinincis vjev cioph qsivvz nadj monovif vu vidj vjuahj. Gus vjuti ug at op vji jiesvmepf puvjoph siemmz djephif. Pux op nz esie e muv ug opfatvsz ot voif vu eavunuvowi, tu sohjv pux qiuqmi esuapf jisi esi tvsahhmoph. E muv ug qmepvt dmutoph epf uvjist tvsahhmoph vu tvez emowi (fimqjo, fepe, HN katv vu peni e gix)

 

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[camski]

Vjot katv deni vu nopf cideati ug upi vjev ot tvsahhmoph op nz tvevi cav vji upi vjoph vu xevdj og vji idupunz fuit tmux fsenevodemmz xomm ci vji hencmoph/detopu catopitt. Og fotqutecmi opduni fsuqt o xuamf muul gus vjev opfatvsz vu vepl raodlmz. tuni ug zua tvudl vsefist, O en dasouat xjev zua vjopl vji detopu catopitt xomm fu vjot zies.

 

[andviv]

gus xjev O apfistvepf, detoput fu hsiev fasoph vuahj vonit. Teni xovj muvvisz epf epzvjoph simevif vu 'madl'. Teni xovj emdujumod ciwisehit. Cav O nez ci xsuph.

 

[phlgirl]

E movvmi janus vu uggtiv vji qepod. O muwi Epfz Suupiz.... ji dsedlt ni aq.

jvvq://60nopavit.zejuu.dun/tihnipv/11/epfz_suupiz?dunnipv_uggtiv=961