How close to the brink are you? poll discussion

975 Posts
Poll between 03-10 November 2008:
How close to the brink are you?
Recession is coming. On a scale of nought to nine, how near the financial edge are you?
Some of the numbers have descriptions to give guidance to the scale
0 No problem. No matter what. 6% (702 votes)
[SIZE=+2]1[/SIZE] It’d need to be extreme before we felt it. 12% (1432 votes)
[SIZE=+2]2[/SIZE] Mostly fine, even through recession. 17% (2048 votes)
[SIZE=+2]3[/SIZE] A few minor measures should see us through. 14% (1647 votes)
[SIZE=+2]4[/SIZE] Will ride it out, if we tighten our belts. 16% (1934 votes)
[SIZE=+2]5[/SIZE] It’ll be tough, but we should survive. 14% (1735 votes)
[SIZE=+2]6[/SIZE] It’ll be a real struggle, even if we take all precautions. 9% (1084 votes)
[SIZE=+2]7[/SIZE] It’s fifty-fifty if we’ll make it. 5% (597 votes)
[SIZE=+2]8[/SIZE] It’s very likely we’ll go under. 4% (424 votes)
[SIZE=+2]9[/SIZE] My finances are irreparable (looking at repossession/bankruptcy). 3% (379 votes)
Voting has now closed, but you can still click 'post reply' to discuss below. Thanks
How close to the brink are you?
Recession is coming. On a scale of nought to nine, how near the financial edge are you?
Some of the numbers have descriptions to give guidance to the scale
0 No problem. No matter what. 6% (702 votes)
[SIZE=+2]1[/SIZE] It’d need to be extreme before we felt it. 12% (1432 votes)
[SIZE=+2]2[/SIZE] Mostly fine, even through recession. 17% (2048 votes)
[SIZE=+2]3[/SIZE] A few minor measures should see us through. 14% (1647 votes)
[SIZE=+2]4[/SIZE] Will ride it out, if we tighten our belts. 16% (1934 votes)
[SIZE=+2]5[/SIZE] It’ll be tough, but we should survive. 14% (1735 votes)
[SIZE=+2]6[/SIZE] It’ll be a real struggle, even if we take all precautions. 9% (1084 votes)
[SIZE=+2]7[/SIZE] It’s fifty-fifty if we’ll make it. 5% (597 votes)
[SIZE=+2]8[/SIZE] It’s very likely we’ll go under. 4% (424 votes)
[SIZE=+2]9[/SIZE] My finances are irreparable (looking at repossession/bankruptcy). 3% (379 votes)
Voting has now closed, but you can still click 'post reply' to discuss below. Thanks

0
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Replies
I also would have said the recession is here, not coming.
Based mainly on the fact it has been affecting me and others I know for the past couple of months at least.
Please note, answers don't constitute financial advice, it is based on generalised journalistic research. Always ensure any decision is made with regards to your own individual circumstance.
Hi Flickering Ember, Im really sorry to read that. Have you been to your council's homelessness unit at least to get in touch with them?
Martin
Please note, answers don't constitute financial advice, it is based on generalised journalistic research. Always ensure any decision is made with regards to your own individual circumstance.
No, not yet. They just keep sending me letters and charging £15 for the honour. I have proof that I have been responding (emails in my sent box) but cannot prove the phone calls as I am on PAYG. On the plus side I just got a call today for a job interview at HMV for Xmas work; I plan to get that job and shine at it so I get taken on permanently either at the branch or at another if they've nothing going. Gotta keep on keeping on. No credit cards, just one Natwest overdraft I am just about within. I get free entertainment working at a big arena, and free treats from Mystery shopping. I know things will be ok, but they do take the biscuit around here, council wise. They managed to send me council tax bills poste haste. Thanks for caring though; if it gets worse I will go to the homeless people but I don't want to detract from people who seriously need it. I am in arrears of over £1000 at my old place and £800 here so it's not great.
I just realised I cannot be at 9 as I do not own anything to repossess and I do not owe enough to go bankrupt; my O/D is £1300 and I'm just about within it; 12,somthing.