Quote:
Originally Posted by marketsmart
people have no idea as to whats coming or they are still in denial...
for all the people who think we are not headed a disaster, the next time you are at the gas pump or the grocery store, strike up a conversation with an average looking person.
ask them what they think about the rising gas and food prices, but be prepared for a long conversation.. you will be amazed at how much honest information they will give you regarding their personal financial condition.
its pretty scary hearing how people are barely hanging on... a lot more people than i thought...
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I do talk with average people (our consumers) often. Hell I speak with our neighbors almost every other day as my wife is best friends with my neighbors wife. They do not have an insane mortgage nor is it an ARM. They have small compact cars (yes plural because each needs one. One is oncall often and other needs it for job). No big screen tv's, no eating out often, 1 kid with a few activities (baseball, cub scouts, etc), no insane credit card debt. Neither works minimum wage, they have a mother down street who baby sits for free. Even still their buffer at start of year was 700.00 per month. As of last talk it was down to under 200.00 and like hell they dont even smoke and rarely drink.