Are you getting worried yet about the economy?

United States
April 27, 2008 9:57am CST
With gas prices climbing and grocery prices following soon after, are you reaching a point of concern yet? In the MidWest US, where I am, I don't see a whole lot of real worry, just a lot of whining! Here we have not experienced much change in grocery prices for years so it is kind of new, and frankly, expected. I imagine other parts of the country, and certainly the rest of the world, must have very different experiences and levels of concern. Please share your experiences and worries here so we all have a better idea what is going on.
3 people like this
20 responses
@mikeysmom (2091)
• United States
27 Apr 08
i am very concerned. we do not have the money to pay our mortgage for may 1st yet or our real estate taxes that are due the 1st as well. my husband is self employed and installs carpet and repairs carpet and we have had a really slow month. we have had to get help from our local church and the salvation army with food. my mom also brought some food over but she is struggling too and i hate to take help from her. we have been squeeking by bit by bit and paying little bills here and there but we do not have enough for the big ones. i have applied for help with our gas, electric and water bills and i am really getting worried about how we are going to make ends meet for the coming month. we have not finished paying our bills for april yet either. i have been calling and making payment arrangements to extend the time i get to pay and i have even called my credit card companies to get my interest rate lowered. doing all i can to get by and it is alot of work and aggravation.
1 person likes this
@sid556 (30987)
• United States
28 Apr 08
credit card companys are without sympathy. I tried working with mine to get my interest rate down..it was useless and I have good credit. I consolodated and it was the best thing that I ever did. I went to a local non=profit company and got it all consolidated and by the end of the year, I should be debt free if all goes well. Y ou should check into it.
@bdugas (3580)
• United States
27 Apr 08
Here in Ohio prices on gas is $3.59 a gallon, and eggs are $2.00 a dozen, milk $4.00 a gallon, that is enough to give me concern as we live on a fixed income and the check doesn't rise as the cost of living rises. Oh yes we get a cost of living raise the first of the year, it was 16.00 and my rent went up $10. and my food stamps dropped from $12. to $86. so where did I come out ahead. It seems to me they don't want the poor to eat or to have gas to get to doctor's appointments. We have stopped visiting friends and going any where that it cost a few dollars, so we have money for gas. I'm glad you live in a place where prices haven't changed much, you are lucky, but as for the whinning I think we all got a lot to whine about.
@bdugas (3580)
• United States
27 Apr 08
just making a correction when I said food stamps dropped from it was suppose to read $125. to $86. sorry about that.
@sid556 (30987)
• United States
28 Apr 08
where I live in new england, gas is the same as yours but eggs are up to 2.50 and milk is 4.29 a gallon. I have not had a cost of living raise or any raise in years. I am a single mom of one now but have raised 4 girls on my own and here...i don't and never have qualified for food stamps. I don't qualify for any government help even tho I only have one income and yet I see so many couples get it. My rent is subsidized...i get 40.00 per month to help on my rent and that is it. if i get a raise...won't...then i will lose that 40.00 per month. I don't even live in a nice apartment....it's awful really. anyway...i agree with you...our "whines" are legit
@bdugas (3580)
• United States
28 Apr 08
Wow you don't have much help over there, we are in this apartment because we was relocated from Hurricane katrina, in 2005 in Louisiana. We have the HUD program because we are both disabled and have low income, my rent is $565, I pay $214. government pays the rest. With the income we have we could not afford a place to live at all, we have a nice apartment, but I miss my home in Louisiana. Why is it some people can't get help and them some just get all there is. It is a real shame to have to worry about getting a raise and losing the help you are getting. Good luck to you
@artemis432 (7474)
• Abernathy, Texas
17 May 08
I'm worried about what may happen if the trend continues. My husband believes we're in for another Depression. I'd like to move way out of the city/suburbs before that happens. Buy an off the grid house and be as self sufficient as possible (while still visiting my sister in San Francisco when I want a taste of city life). I wouldn't want to be caught in any food riot. Yet there's a part of me that's hoping something dramatic will happen to wake up up and also because, I'm interested to find out how people will react to a great catastrophe or depression - will they band togetheer and help one another? Or fight over what their is available? Or complain and do nothing while the smarter survive.
• Abernathy, Texas
17 May 08
It costs about fifty dollars a week btw, for very little gas use - for my husband to go back and forth to the hangar on base (he contracts) and to go grocery shopping. REnt starts out low here and we both pay utilities and we shop at Sunflower Market (healthier food) and WAlmart so other then gas its okay here. We'd like to have more money of course because some is going to go towards visiting my mom a few times a year as she has cancer.
@peierlin (57)
• China
28 Apr 08
Yes, that also happens in China. As for the past sevral years, the Chinese economy is somewhat overheating, so the government tries to make it more balanced. As a result, the grocery prices is increasing fast, especially in meat. For me as a university student, what I directly feel is that the dish prices in the canteen is increasing, which worries me a bit.
• China
28 Apr 08
You come from china?I'm a chinese come from GuanDong!I am relly glad to meet you here!
• United States
27 Apr 08
Well I live in the midwest to in Illinois and people here are very concerned about the prices and no matter where you are people are gonna complain,My husband makes a good income and I stay home with our kids,but things keep rising and I will have to work,I think more and more people will have to apply for state help because some people just can't make it without it with these prices.Like the one lady said you must have money and no worries.
• United States
28 Apr 08
People will always complain, and we all will notice a sluggish economy in different ways, but I still fear there are parts of the world (even parts of the US) that are far worse off than Middle America! I don't mean to overly downplay the Midwest level of concern, but I know we don't have it TOO bad here, yet!
@marchgale (260)
• United States
18 May 08
I live in the south east US.And things are higher here, but not at an alarming rate.I think people worry too much, or they don't like not having any money left for extras.Me I'm very poor but as long as I have the esentials I don't care about anything extra. And from what I've figured, I could still buy gas and food if it rose a little more.
@woodside (23)
• United States
14 May 08
I don't get worried about anything because worry in and of itself does NOTHING. I replace worry with planning and action. That usually solves problems. About the economy, yes, there are some concerning issues, but there are answers to all these issues as well. High Gas Prices=Car pool High Food Prices=Cook more often Healthcare Cost=eat health and exercise
@xParanoiax (6997)
• United States
6 May 08
Ohio, here, and everyone we know is worried...so we can't help but be either. We're definitely feeling the change for the worst in the economy, for sure, we struggle just to be able to afford groceries now...though lets face it, we never had it easy.
@chrissieatu (1033)
• China
28 Apr 08
I still have faith of the economy of my countyr. Even though since last year, everything but the salaries raise. The CPI keep raising too. The first quarter of this year is higher than 5 or 6 so far as I can remember. People are talkig about that as well. But as time goes by, it seems that most of us has got used to this situation. I realize that this year is tough for China. A lot of issues are going on. But I still have confidence in my country. I firmly believe that things will become better in the whole world.
• United States
28 Apr 08
Well, every time I go to the store I get pretty hacked off. There is no pleasure in grocery shopping any more. We are choosing between gas and food. I have been concerned for months now, but it hit home a few days ago. I was putting gas in the car, afraid I was gonna run out, and all I had was ten dollars. I watched the dial on top turn and turn at 2$ and something it was barely past HALF a gallon. I literally felt ill. I wonder what we are all gonna do? If something doesnt happen soon to change the cost of fuel? Yeah I am really worried and just a little ticked off. I am lucky though I can get eggs for 1.25 a dozen from a farmer so we wont starve..
@palonghorn (5483)
• United States
28 Apr 08
I live in the Northeast, gas is up to 3.55, and I did notice a rise in grocery prices when I got groceries last week. I wouldn't say I was worried, concerned, yes, and more so for people like my parents that are on a fixed income (social security). I don't really worry about what is to come, for one what good will it do? I think we are headed for a depression, I don't however think it will reach the proportions that it did of the Great Depression. However, the trickle down effect will have an impact on a lot of big businesses.
@chiyosan (30213)
• Philippines
28 Apr 08
yes, of course i am worried about everything that is happening in our country and economy.
@subha12 (18449)
• India
28 Apr 08
i think i am also very much concerned about what is going on. it is affecting mainly all the countries. food prices are going up like anything and infaltions are there all over the world,. still i think few rich peopel do not worry much a stehy can really afford those.
• China
28 Apr 08
It's a worried problem for me!
@DavidReedy (2411)
• United States
28 Apr 08
We have very good reason to be worrying about the economy--that's exactly what is wanted--it's the preamble to the next major crisis, the one that will reign in the most control ever... If not, assuming that all theories of centralization of economic power are just crazy conspiracy theories, then the fact remains that the United States is importing grossly, exporting almost nothing, spending and borrowing billions per day and the value of her dollar continues to slide downward as more and more wealthy and more and more stakeholders dump the dollar due to this trend the process only hyperaccelerates and it, right along with the many other economic problems of the world is going to lead to global economic collapse of many economies...
@sid556 (30987)
• United States
28 Apr 08
I do realize that others do have it worse than I do and to be frank...that scares me. i have been struggling and scraping for years. I haven't had a raise in almost 10 years and the costs of everything have continued to rise to the point where ....yes.,,,i'm a bit worried. I don't know how many cutbacks i can make. maybe the internet. that is my luxury. I have basic cable which i pay 17.00 a month for and we barely turn it on. I don't have a dvd player, a cell phone, an ipond or any other cool gadget. I drive a 92 toyota that is on its last legs and I have no idea how i'l replace it. I work out of town and it is my life line but I can't afford another one and I am hoping this can get repaired reasonably. i buy my clothes at thrift shops. All my furniture is 2nd hand...heck i don't even have a bed. I sleep on my couch. I'm a single mom and my main concern is my daughter. I am not whining but something has to give soon. I am raising her on the same income that I struggled and raised 3 other girls on. The cost of everything has gone up....incomes have not. I earn 10.25 per hour and work full time and we are just eking by. I have been looking for a higher paying job for over a year now....they aren't out there...unless you have a degree which i don't. The economy is bad. People are not just whining!!! If you have no worries about it then consider yourself lucky.
• United States
27 Apr 08
I've been worried for awhile now. I've seen the gas prices jump higher, I've seen food prices spike within a few months. Something obviously is wrong. How can anyone not worry about what is going on? A measley $600 to a few families isn't going to help the economy at all.
• Philippines
27 Apr 08
I think that the problem is now global...I'm from the Philippines, and the economy is getting worse now. Though many families have been in the poverty level, now even the middle and higher income families are feeling the economic crisis. Rice and food shortage is now a big problem in most countries as well.
@limcyjain (3519)
• India
27 Apr 08
The govt and the economists both are a worried lot here in india. The govt is going for elections next year and the rising inflation is giving them sleepless nights. The economy is growing fast but in an attempt to curb inflation the govt is taking steps which would be a step backward in the reform process and would lead to more controls on certain industries. The bankers are worried that they may need to push up interest rates which would have a very negative effect on the growth. So it is a process of managing inflation and growth at the same time and is not going to be an easy one.
@KrauseHome (36689)
• United States
27 Apr 08
Personally, how can someone not be worried about it if just for a little? I know everytime you look around you see the price of something continuing to go up to where it is making it really hard to make ends meet even if you are making decent money. Then there is the Gas prices. They are continually going up everyday, and you begin to wonder when you will have to just stop and not be able to go anywhere unless you really have too. When it takes $45 or more to fill your Gas tank and you have to fill it more than once a week, it is to where you end up paying at least one days wages to get anywhere. Yes, we are heading into a recession and I think unless someone steps in to help us out, and change things a little we will then wish even more why can't things go back to the Good ole' days? And we might even have to just think 1-2 yrs. to be there.