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The Watercooler
Does anyone else feel the economy won't get better?
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<blockquote data-quote="Nomad" data-source="post: 503862"><p>I think I heard on Dr. Phil (or a similar show) today that a high percentage of people in the U.S. have thousands of dollars in credit card debt at the moment...and it is worsening day by day. With high interest rates and continued out of control spending, this is a sick/never ending trap!</p><p>I was shocked the other day when my hair dresser (always drama at these places here in my city) was telling me that her difficult child young adult daughter insisted they go to GREECE this summer!!! Say what? The woman is divorced, saved to buy a house recently, has credit card debt and is struggling a bit (but very proud) buying things for the house. Yet, it seems that she is seriously thinking of buying a ticket to Greece to go with her difficult child daughter. It's complicated...but I don't think its a good idea to get in more debt and probably a bad idea to give in to her difficult child daughter too. (Plus things are kinda scarey in Greece at the moment!) It seems she has gotten use to (perhaps too accustomed) to living in debt. I understand, but think it is sad and wish she didn't feel the need to do this.</p><p>Anyway....I think things will get better (eventually). I wonder if someone else in office would make folks feel more confident about spending. (This is not to say ANYTHING negative about the current president). But right or wrong, true or false, sometimes people feel better with change (especially when things are currently not going well).</p><p>I recall recessions in the past and this one is clearly taking longer to pass. Sigh.</p></blockquote><p></p>
[QUOTE="Nomad, post: 503862"] I think I heard on Dr. Phil (or a similar show) today that a high percentage of people in the U.S. have thousands of dollars in credit card debt at the moment...and it is worsening day by day. With high interest rates and continued out of control spending, this is a sick/never ending trap! I was shocked the other day when my hair dresser (always drama at these places here in my city) was telling me that her difficult child young adult daughter insisted they go to GREECE this summer!!! Say what? The woman is divorced, saved to buy a house recently, has credit card debt and is struggling a bit (but very proud) buying things for the house. Yet, it seems that she is seriously thinking of buying a ticket to Greece to go with her difficult child daughter. It's complicated...but I don't think its a good idea to get in more debt and probably a bad idea to give in to her difficult child daughter too. (Plus things are kinda scarey in Greece at the moment!) It seems she has gotten use to (perhaps too accustomed) to living in debt. I understand, but think it is sad and wish she didn't feel the need to do this. Anyway....I think things will get better (eventually). I wonder if someone else in office would make folks feel more confident about spending. (This is not to say ANYTHING negative about the current president). But right or wrong, true or false, sometimes people feel better with change (especially when things are currently not going well). I recall recessions in the past and this one is clearly taking longer to pass. Sigh. [/QUOTE]
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Does anyone else feel the economy won't get better?
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