Economic recession

India
March 18, 2009 12:48am CST
How as an individual we can fight with economic recession?
1 person likes this
2 responses
@oyenkai (4396)
• Philippines
20 Mar 09
By spending :) It won't do any good if we hoard our money. Of course the banks are safe places to put our savings - at least they're earning interest there, but be sure that you're putting your money on a stable bank. But even though we're saving for a rainy day, we should still keep on spending smartly. Money keeps the economy running - if everyone were to spend too little, then there wouldn't be enough to keep the industries on their feet. Thanks for the response on my discussion! I'm sorry to say that it got deleted because of a referral link response from another member.
@lilaclady (28226)
• Australia
18 Mar 09
I think all we can do is be careful the way we spend and probably be prepared to go without a few things, and maybe even stay home a little more than we are used to, other than that I guess all we can hope for is that the leaders on the world can do the right thing on our behalf...