Does the financial crisis kind of influence your life or your friends' lives?

China
November 6, 2008 5:20am CST
It was but yesterday, I felt that the financial crisis only happened in the United States. Who would have thought that once the United states sneezed, the whole world have caught a cold. Yesterday morning, I sold some old bottles and made less money. It was not a big deal though. The recycling guy told me that many things have been kind of reduced the prices due to the financial crisis. I didn't expect that it also has influenced my town. Also, one of my former classmates who worked in canada went back today. " As a result of the financial crisis, there was something wrong with my company", He said. Oh, I didn't know that it was so secrious! I just wondered... So, does the financial crisis kind of influence your life or your friends' lives?
2 people like this
8 responses
@mods196621 (3629)
• Philippines
7 Nov 08
Financial makes the big event in our life. It influences all the line of living caused we lived in the world of business. This is according to my own opinion as I see. Money affects our life now, from the lowering down economic level of ones nation to the small family business as well as to the poor simple citizens. How can we take to buy the basic needs if our income was so small as the price of goods are high. There must be the imbalance scale of descent living. Let us increase our effort to work to meet the high cost of today but that was for only a moment and the next day when we're wake up, again price also increased as double. In this situation even our friends are affected.
• China
7 Nov 08
Hmmm, it is very profound. The price fluctuates here now rising now reducing. No one knows what might end up! Everyone worrys about it somehow! I don't know what's going on! Hope everything will soon be better.
@LittleMel (14036)
• Canada
7 Nov 08
there is no way financial crisis in the US doesn't affect canada the US has over 300 millions population, they are our biggest trading partner especially being located right next to them and being part of nafta over 50% of canadian companies are owned by americans or at least 49% of the shares these companies are owned by americans the effect of US crisis will surely be felt here although it won't be as severe as it is there but like it or not canadians have to learn to live frugal if we haven't done so if we want to survive this, that is the only way to do it
• China
7 Nov 08
I used to think that most canadians are very frugal unlike Americans. Me, on the other hand, I am kind of extravagant and should learn a lesson. It is better to save something than waste them. Thanks for your response!
@xParanoiax (6997)
• United States
7 Nov 08
Well, it more or less reorders what I reach for, in life. It's changed my career choice, it's refined my plans for my future as far as residency goes, it's changed where I expected to be today. It also keeps a hold on barely surviving for my family. Were the economy better, we could finally breathe again, as far as finances goes due to a bout of good luck being able to trade our old burnt out property for this new house in the country. No money involved, no mortgages, flat out trade so that we no longer have to rent in the city (which helps A TON). We can't breathe yet, because costs are still more or less insane (it fluctuates from week to week, month to month). Bills are more orless OK, but it's hard t say if that will remain. So...it's tough for us, like it's tough for...well, seems like most eople these days. I'm a teenager, so a good amount of my friends who're also kids...are fine at the moment, but a few of them are worried. I don't know if one of my friends will be able to finish college, and I don't know if another of my friend's will be able to afford to get married in a year. (The first friend I mentioned, lives in the U.K.) I don't know if I'll be able to afford college, either. So...you do what you gotta, these days. It's strange to say, that I'm more hopeful than I've been in my whole life, right? It's just that I plan to try to make money growing food and making things with my hands. And I've faith in that, more than anything else. If I can succeed at this, then I expect everything will be fine...sooner or later. ...I kinda saw the bad economy, coming...though. First it was foreclosures, the dollar, then was the gas prices, then the food costs, then the energy costs...and over all these months, I just saw it build nation-wide, then I saw the ripples world-wide and began to think about what sort of side-effects all this was bound to have especially if it continues (which it did and is doing) and what all that might mean. It's insane the amount of time I spent crunching all that information into my brain. Usually when I should've been sleeping. And I really wanted my eyes and ears to be lying to me, too. But we're at where we're at, and all we can do is move forward, really.
• China
7 Nov 08
Oh my, I am really sorry to hear that. Yeah, you are quite right, anyway, we have to move forward. Once there is a will, there is a way. People are going so survive this pretty soon, I pray!
@Opal26 (17686)
• United States
6 Nov 08
Hi hiddenwing! I believe that the finacial crisis is affecting everyone everywhere now! Yes it is true that it is having a really big and bad affect on the people here in the United States but it is also having a chain reaction throughout the world! I guess that is because the USA has alot of influence finacially all over the globe. And if we are not doing well it will cause a domino affect. So I guess that is why everyone everywhere will now be feeling some sort of pince too! But, I don't think that it will be nearly as bad as it is here in the USA! We here are in a terrible mess! We are in a recession and if things don't get better soon I don't know what will happen. Everything has gone up in price except salaries and so many people have lost their homes and jobs and those things are not being replaced. That has got to change soon!
• China
6 Nov 08
Oh really, I am sorry to hear that. Some American fund companies in China almost go belly up. A very famous American fund company here called Proctor&Gamble doesn't run well recently. It makes redundacies again and again. Hope people are going to survive this pretty soon.
@sankata (236)
• Estonia
6 Nov 08
No, it hasn't affected my life until yet. Atleast not , that I have noticed it. I hope it also won't affect my life .
• China
6 Nov 08
I hope it won't affect you at all. In fact, it is not that terrible. But I notice some change
@stephcjh (32327)
• United States
6 Nov 08
Yes. The finanical crisis, has had a major influence on my family's life. We have to really watch what we spend these days to make sure the bills are paid in full.
• China
6 Nov 08
Oh, I hope everything will be better! Now, I worry about something as well. Why does it happen? I think I miss so much news.
@maximax8 (30066)
• United Kingdom
6 Nov 08
Food is more expensive, like rice was £1.34 or three for £3.50 then the price went to £1.70. I am often shocked to see the rising prices when I go to my local supermarket. I am really keen on traveling and the airfares have gone up considerably due to the high cost of fuel. Again I am shocked when I see the air fare including tax and fuel surcharges. Sadly in my local high street some shops have closed and their businesses have folded or got smaller. Like one travel agency closed two shops and are just keeping one shop open. The financial crisis is touching the life of every person I think across the world.
• China
6 Nov 08
I hope it will soon be better. Oh, how ignorant I used to be! I didn't know it really know it the day before yersterday.
@AmbiePam (51159)
• United States
6 Nov 08
What I thought was weird was that after Obama was 'crowned' the President elect, stocks took a tumble. I would have thought the certainty of knowing who was going to be in charge for four more years would have helped. Off topic, sorry. A relative of mine is having their house foreclosed on. They took it hard because they always had excellent credit and took pride in always being able to pay their bills.
• China
6 Nov 08
I do want to know it. Weather it is off topic doesn't really matter. Thanks a lot for your response. Have a great day
1 person likes this