This week our Hostess is the fun loving sayre smiles and here is what she has to say...
I've heard on the news that we are facing our own "Depression" here in the states and foreign countries aren't immune from this either.
So here's your challenge:
What are you and your family doing to deal with the current economic situation on a personal level? Obama's got a plan for the nation, but how do you/will you deal with your own economic stress
The Great Depression took place from 1930 to 1939. During this time the prices of stock fell 40%. 9,000 banks went out of business and 9 million savings accounts were wiped out. 86,00 businesses failed, and wages were decreased by an average of 60%. The unemployment rate went from 9% all the way to 25%, about 15 million jobless people.
soup kitchen in Washington D.C. 1936Does all this sound familiar? It is so close to what we are dealing with now in our country. They say history repeats itself every so many years. I am cautiously optimistic that the President can implement his plan. My husband and I feel very fortunate that this time in our life we can get through this rough patch. We saved our money and paid our house off and we have very little outstanding debt. Both of us have always worked hard and never lived beyond our means. Our pension and retirement plans have been put into a very conservative account. We give thanks everyday that we were able to retire and not have to worry about losing a job right now. I guess being raised in poor families, we learned at an early age to work hard and save our money. A good work ethic was instilled in us. I tell our grown kids to hold on to your hat..that this is just the beginning of a long hard time for us Americans. Sometimes, I don't think they can fully understand what is a head of them. We try to keep the faith and pray and give thanks for everyday we have. Thats all we can do at this point! It's a very scary time in our history.
Now go see what everyone else is saying...click here