Question of curiousity.....

@messageme (2821)
United States
March 26, 2009 12:21am CST
I have seen/read about thousands and thousands of people losing their jobs. Are you one of them? What do you do? How are you surviving? Also when is a recession considered a depression, like in the 1930's? When do they consider it a depression, after everyone loses their job? After the stocks crash to zero? Will the banks go empty, like they did back then? These questions keep going through my head and I would really like to know the answer. To me we are in a depression. To the government and whoever else they still call it recession. When will they consider it?
2 people like this
16 responses
@CatGods (4595)
• United States
26 Mar 09
I think the depression is where there was over an 25% unemployment rate. And people couldn't afford any thing other than food and some times not even that. In my household we are doing ok. The money that is left over at the end of the month we don't spend it on things we would like to have. We save it in case the economy gets even worse yet, and it could happen. My husband is retired and I work on the net. I'm a tarot card reader and I have 5 marketplace stores and 2 specialty stores. I also do surveys and I own 2 domains. People are still spending money, but they are being more selective in what they are buying.
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@messageme (2821)
• United States
26 Mar 09
So then we are getting pretty close to a depression then. I'm not sure what the unemployment rate is but it has to be close to that. Seems everyone is laid off or unemployeed. Hope things keep going good for you. Good luck!
1 person likes this
@highhead (80)
• India
26 Mar 09
i lost my job because no work in companyi had shres which went down below 50% price that i bought i dont have money so i go to take loan from bank now banks supported by their heads so they are permitting less loans and lot of formalities. But i think situation may go more worse but will recover as stock market are recovering from their lows now
2 people like this
@messageme (2821)
• United States
26 Mar 09
I seen the stocks are going up, which is good, but would they wait to call it a depression only when the stocks hit zero. Or do they ever hit that low? How can you get a loan if you are not working? How do you pay it back? It seems everyones life has to revolve around money in order to make it to survive. Thanks for sharing!
1 person likes this
@ANTIQUELADY (36488)
• United States
26 Mar 09
no, i was already retired due to health reasons. it will soon be 5 years so i know what it is to live close. i know alot don't & it's going to be very tough on them. i'm like you i think it's alreadt a depression. recession is just a nice word the goverment uses. have a good one.
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@messageme (2821)
• United States
26 Mar 09
Yeah I do think it is a nice way they are saying it. I was told once when you are in a depression there is no more going down and the only way you can go is to recovery. Are they not already in that stage? I wonder if they just don't want to call it a depression because of how much people freaked out in the 30's and started withdrawing all their money from the banks which made the banks go broke. it almost makes me not want to put anything in the banks now! Thanks for your reply!
1 person likes this
@ANTIQUELADY (36488)
• United States
26 Mar 09
i think u are right. they can call it whatever they want to but we all know things are bad.
1 person likes this
26 Mar 09
If I where you I'd take my money out now and buy gold..
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@rteja11 (91)
• India
26 Mar 09
I live in India and i am still a student. My father has a job in central government. In India recession is having a less effect. But i always hear from my father that his shares value has fallen down drastically and told me that when U.S comes out of recession then slowly Indian share market will also recover.
1 person likes this
@messageme (2821)
• United States
26 Mar 09
That is good it hasn't hit you that hard yet. but I do think it is a rickechette (sp) effect when it comes to the stock market. Lets hope this keep looking good over there in India!
26 Mar 09
The US economy is such a big part of the world economy that any economic problems there are quickly felt in other countries. These days nearly all countries which have any sort of international economic presence are all interlinked and interdependent - that's why the present problem is a global one.
1 person likes this
@messageme (2821)
• United States
28 Mar 09
Well said JW!
@dpk262006 (56591)
• Delhi, India
26 Mar 09
I am fortunate that I work in such a sector, which is safer and it not going to be effected by recession. However, I really feel sorry for those, who were sacked or had to forcibly leave their jobs due to ongoing recession. It appears really bad to me that those people lost their coveted jobs and they will now try out from the scratch.
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@messageme (2821)
• United States
26 Mar 09
I feel really bad for them too. I worked with a girl the other night that was complaining really bad about her job and kept saying she was going to quit. One of the customers over heard her and looked at me and said she should be glad she has a job there are a lot of us out there that don't and would love to have hers if she is going to be like that about it. I felt really bad for the customer. I got the vibe from her that she didn't no longer have a job herself. She was completely right though. She should be happy she has a job. I know I am. thanks for your reply!
@dpk262006 (56591)
• Delhi, India
27 Mar 09
This shows that how caring you are and it is great to read about your concern for others.
1 person likes this
@messageme (2821)
• United States
28 Mar 09
Thank you. I am a very caring person.
@Elkeliini (265)
• Finland
26 Mar 09
here the situation is starting to feel its way to the regular people as well. I work at the moment in a permanent position and in education. I have no fear of getting fired in the coming months. But I am about to do something really silly: start a company in a time of recession! yeah lets boost that economy and spend some money!!!! I never understand this economic crash anyway. how does a thing like that happen? I mean it is not as if all of a sudden people didnt buy things they bought normally anymore. I find it very strange. oh well, I am a bit simple.
1 person likes this
@messageme (2821)
• United States
26 Mar 09
I have heard lots of schools are cutting as well. One school is cutting all aids and moving some of their office people to the aides posittions. That is the problem. Every one kept buying, kept going more and more in debt and now there is no money to pay that debt. Everyone needs to stop buying and start saving!
1 person likes this
• Finland
26 Mar 09
oh, I think it would get even worse if everybody started to save up every penny. Economy lives on people spending their money. obviously the money that they have and not what they dont have! But I am not in the states and here schools are financed by the gouvernment. Yes, they are cutting back here too, but not dramatically.
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@jwfarrimond (4474)
26 Mar 09
I lost my job back in December due to the company rationalising the place where I worked out of existence. I've not found another job since then one reason being that I am only just over two years away from state retirement age and few people want to employ someone who has only a couple of years left to work. Especially if training is required - they don't want to spend the time and money on training. That leaves only poorly paid rubbish jobs that no one else wants to do and neither do I. So I'm now living on state benefits which I feel I'm fully entitled to since I have been working and paying taxes for more than 40 years. That does mean that my income is half of what it was last year, but my outgoings are less as well, so I am making ends meet. Recession or depression makes little difference when you are one of the casualties but one thing is clear to me, is this thing is not going to be over quickly or be susceptible to any "quick fixes" by any government.
1 person likes this
@messageme (2821)
• United States
26 Mar 09
I now what you mean about no one wants to pay for training anymore. Use to be something all jobs would be happy to do, now they want people that already know how to do the job. Saves them money. Glad to hear you are doing ok. Yes you deserve every benifit you are recieving from the state. Like you said, you worked for it and paid for it long enough. There isn't going to be any quick fix, I just wonder how much worse is this going to get.
26 Mar 09
We'll just have to wait and see..
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@soulist (2986)
• United States
9 Apr 09
I actually did lose my job and so did my dad and a few people within my church. I ask myself the same questions you do and what will happen when and if all of that happens. I mean it took years to get out of it, so I wonder what Mr. Obama plans on doing to help. I mean there are more issues today then there was in the 1930's like student loans and more credit cards and what not.
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@messageme (2821)
• United States
9 Apr 09
I am so sorry for your lose and your families. I know some what of how you feel. My boyfriend has been off and on with lay off and now they are talking about even more permanent lay offs. If that happens he will most likely be one of them. I truely think obama is trying to take actions, I really don't say much about him yet because I believe it is too soon to say anything positive or negative about him. You are definitely right there are more and more issues now than their was back then. I don't see why they can't just wipe everyones debt and start from the beginning. We know that will never happen. Maybe we could just wipe money all together and start trading things again like in the old days. Need milk? go to the neighbor and trade them eggs for milk. Things like that. I guess I just think it could be much more simplier than what they make it. Good Luck to you and your family.
@riyasam (16574)
• India
8 Apr 09
yeah,this economic recession is affecting almost everyone,if people are not losing their jobs,they are receiving a lower pay packet and their incentives are being reduced.the economic downturn will be termed as economic depression if this state last for some years like the great depression in 1929 which lasted for 10 years.
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@messageme (2821)
• United States
8 Apr 09
I did not realize it lasted for 10 years! Thanks for the response!
@snow8515 (170)
• China
27 Mar 09
I think there is some inherent rules in economy that it cannot boom all the time. Maybe the period of recession is for better development. Although it looks very serious this time that many friends around me have been influenced. I believe it will go away one day. Now I want to study hard to meet the recovery three or four years later (I wish it as short as possible).
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@messageme (2821)
• United States
28 Mar 09
I also believe we will come out of this as well. I just hope not too many more get hurt by this. Nothing is perfect and neither is our ecomony so yes it will have problems, we just haven't had any this bad in a long time. I am sure they will figure out a way to help it. The question is just when.
• United States
27 Mar 09
I am not one of them, while I do not work I have been out of work for about a yera now, since I got pregnant with the baby. I left the job I had, I hate being pregnant and it just doesnt agree with me very much. My husband luckily still has his job so that is how we afford to live. We are surviving just as we were before. We are trying to save a little more here and there and everything that I make from here and the other sites will go into savings. I have had the same thoughts as you and it just gets me around in circles. Could you imagine if all these business were to close? Where would people work? What would people eat? Where would they live? etc? I dont know, its alot to think about and its alot to try to figure out in my opinion.
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@messageme (2821)
• United States
28 Mar 09
I have heard lots of families are coming together and living under one roof. I have not had to do that yet and hope I never have to. Don't think I would be able to do that! I guess we can just pray things get better before they get worse.
@jillhill (37383)
• United States
26 Mar 09
I have not lost my job but am being careful with what I spend....I don't think it will get to the banks losing all their money...or that stock market crashes to zero....they are watching that closely....I don't know when they will call it a depression....but if you look at history we do go through a recession about every seven years....it's a cycle.
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@messageme (2821)
• United States
28 Mar 09
It seems we are always in a recession, but I believe this is the worst one we have had. I don't think them printing a trillion dollars is going to be helping anything either! That just decreases the value of the dollar even more. Lets just hope they know what they are doing. I do know they are trying! Thanks for the response!
@xParanoiax (6998)
• United States
26 Mar 09
My Mom lost her last job, December 2007 (when they say this recession officially started). She worked odd jobs since, but nothing solid. Myself? I'm an older teenage girl, I've looked for jobs, but mostly have only been able to work odd jobs. My Dad's the only one with solid work -- in fact, he's been promoted several times since December 2007. We're doing OK. Not awesome. But OK. We're extremely lucky, in comparison to most around here. Okay, for me, you can tell when a recession turns into a depression by how I define them: A recession is a slowdown in the overall economy. A depression is when the entire economy comes to a screeching halt. A few states are extremely close, like a single percent difference, to depression...whereas the entire country right now is in a recession. Jobs are what you look at, for general economic health. California's unemployment's one of the highest rates in the country...also, when looking at unemployment numbers, specifically the official ones, you need to remember that those numbers don't count those who've been unemployed for the past two years and who would work but can't find anything...so actually, the real numbers are much higher. The stock market doesn't usually mean anything unless it no longer has anything. We're kinda scarily close to a depression, in my opinion. I look at California, Michigan, Nevada, Florida...and now states like Illinois, and I see how close we are. Michigan, for example, has completely stagnated. There are pretty much NO jobs...in the capitol alone, whole neighborhoods of families are picking up and leaving. Migrating to various other states that say they have jobs. Just abandoning their houses. For the people they leave behind in those neighborhoods, they've been clamoring for their officials to DO something about the empty houses, because they say the homeless and criminals have begun moving in and that it's opened things up for vandals and thieves. Here in Ohio, there are no jobs in small towns or smaller sized cities...only rural jobs and big city jobs...and more than half of Ohio is comprised of farm land,so you can easily get an idea of how our economic situation is here. Every state has its own unique set of economic problems. But the ones I mentioned above seem to have it the worst right now. I hear rumors, lately, that people in Alaska...namely the city dwellers, or those who live down the road from cities, are beginning to starve 'cause of food prices. But hey, they're just rumors...I'm a news blogger, I hear lots of things and just talk about what I can confirm, most the time. Even once we cross over into a Depression...I get the feeling that the government will be reluctant to say we are for months after.
1 person likes this
@messageme (2821)
• United States
28 Mar 09
WOW I did not know some neighborhoods were doing that bad! I really hope this can all get fixed before things get even worse! Thanks for sharing the information!
@walijo2008 (4647)
• United States
26 Mar 09
Thats what I wondered too, at what point do they call it a depression? I think it was probably alot worse than it is now back in the Depression. I imagine everybody was out of work, and starving, not able to take care of their families, alot more people were homeless, I realize its bad right now, but I hope something happens before it gets THAT bad.
1 person likes this
@messageme (2821)
• United States
28 Mar 09
I am sure it was a lot worse. I have never really been all that good at history, but I do wonder what they did to get out of the mess then....Would that be able to work this time?
@BlueGoblin (1833)
• United States
26 Mar 09
I haven't lost my job but I work less hours. I hope things start picking up but I think it is doubtful. Luckily I saved money and went through a phase where I didn't buy any luxury items because I felt possessions meant nothing. Things don't make me happy. Only things I make with my own hands make me happy and proud. Americans need to get over material goods. I'm sure our health and our family means more to us than some crumby BlackBerry. The economy could bring out the best in all of us.
1 person likes this
@messageme (2821)
• United States
26 Mar 09
You are definitely right! People are so worried about what they don't have that they don't even thing about what is most important to them. I don't buy anything anymore. I only pay my bills and that is it! What more do we need? I just want a roof over my kids head.
@twoey68 (13651)
• United States
1 Oct 09
Well, the job situations don't affect us b/c Hubby has SSA but we've noticed the outrageous rise in prices and utilities. As to when they will declare it a depression...probably about 6 months after everything has collaped until then they will just keep smiling and telling everyone not to worry. [b]~~AT PEACE WITHIN~~ **STAND STRONG IN YOUR BELIEFS**[/b]