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I live out of the USA and I can tell you first hand that I have to look at the exchange rate DAILY and watch the dollar decline. Compared to this time last year, I'm losing quite a bit of money living abroad just based on the exchange.
It just makes me think a second longer when making a purchase. Do I really need it, will it better my life, or do I just want it? Unless I need it, no need to have it.
I will say that I am worried about money for the first time in my life in the past 10 years. Not that I am broke, far from it, but I do not see an end the drop of the dollar and while living abroad and earning in USD, that is bad news. I have no plans to return to live in the USA, so I have to worry about the dollar taking a nose dive. I see it every day here.
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