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Past Recessions - what were your experiences?

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  • I just remembered a couple of things from the depths of the last recession.

    1. there was a job available in the local high street bakery, behind the counter selling cakes etc., minimum wage. Applicants were required to have two A-levels at grade B or above (this was when A-levels were still only taken by a small fraction of the population and a B meant something).

    2. there was a knock on my door one saturday morning, it was the local solicitor who was going door-to-door attempting to drum up business - did I need a will? did I have any spare change? (last one made up, but you get the picture)
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    I just remembered a couple of things from the depths of the last recession.

    1. there was a job available in the local high street bakery, behind the counter selling cakes etc., minimum wage. Applicants were required to have two A-levels at grade B or above (this was when A-levels were still only taken by a small fraction of the population and a B meant something).

    2. there was a knock on my door one saturday morning, it was the local solicitor who was going door-to-door attempting to drum up business - did I need a will? did I have any spare change? (last one made up, but you get the picture)

    You are not suggesting that todays degrees are not quite 'A' level are you?
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • lol, today the cake shop would require a degree to be sure
  • LydiaJ
    LydiaJ Posts: 8,083 Forumite
    Part of the Furniture Combo Breaker Mortgage-free Glee!
    I remember finishing university in 1990. I was going on to a post-graduate qualification but all my friends had loads of job offers and could pick and choose.

    I also remember finishing the full-time and funded bit of my post-graduate degree in 1993 and starting to look for jobs. It was totally different and there was nothing out there. I applied to lots of places including the R&D department of a telecommunications firm. They interviewed me and said they liked the look of me but wouldn't have any vacancies for 6 months. By the time the 6 months had passed, the people who had interviewed me had all been made redundant.

    I remember my brother getting married in 1991. He sold his flat fairly easily, although at a bit of a loss IIRC. His wife's flat was in negative equity and they took ages to get rid of it.

    This recession does feel worse to me. Possibly because I'm more aware of the news than I was when I was a student. Possibly because the run on Northern Rock and the failure of several big household name companies feels like a bigger deal than anything I remember from the early 90s.
    Do you know anyone who's bereaved? Point them to https://www.AtaLoss.org which does for bereavement support what MSE does for financial services, providing links to support organisations relevant to the circumstances of the loss & the local area. (Link permitted by forum team)
    Tyre performance in the wet deteriorates rapidly below about 3mm tread - change yours when they get dangerous, not just when they are nearly illegal (1.6mm).
    Oh, and wear your seatbelt. My kids are only alive because they were wearing theirs when somebody else was driving in wet weather with worn tyres.
    :)
  • If we're on musical themes, http://www.youtube.com/watch?v=RZ2oXzrnti4 always makes me shiver - reminds me of the complete poverty of ambition that goes with mass unemployment. Sod all to look forward to apart from getting in a fight on Saturday night.
  • I should remind everyone of the recession that never was, in the UK anyway.

    It was caused by the dot com crash from 2000 to 2002 during which time stock markets tumbled. The UK was in a credit boom with HPI and was reasonably well insulated from it but there was one very visible effect at the time.

    Advertising budgets were drastically cut and there were periods on some of the commercial TV channels when there were no adverts at all just trailers.
    This recession may see ITV being cut back to a shadow of its former self. That is ITV3 and ITV4 may disappear if they lose advertising.

    Now move forward to the present day. Has anyone noticed how many public information films are being shown on Channel Five ?
  • As we seem to be entering into another recession, I am interested to hear anyone's stories from past periods of recession in the uk.

    In particular, how you felt about it at the time, and how you feel about it in hindsight, as this may be helpful for us today.

    I feel this is going to be a bad one, and feel concerned for the future, as I expect many of us do.

    I was a teenager during the last recession, so I don't have much to judge the current situation against, although I do remember one year Dad telling us that the Christmas turkey was actually a pigeon as it was so small!!!

    I think the worst the last recession got for me was a weekly spelling test in year 6. Not much help I know. Still at least my maths was pretty much on the ball.
  • geoffky
    geoffky Posts: 6,835 Forumite
    Back in the early 80s, anybody remember the band UB40? UB40 was the dole form you filled in. The song was "1 in 10", words "I am a 1 in 10 ..." because 10% were unemployed.

    http://uk.youtube.com/results?search_query=ub40+1+in+10&search_type=&aq=f

    The band were all unemployed.

    Lyrics

    I am a one in ten
    A number on a list
    I am a one in ten
    Even though I don`t exist
    Nobody Knows me
    Even though I`m always there
    A statistic, a reminder
    Of a world that doesn`t care
    My arms enfold the dole queue
    Malnutrition dulls my hair
    My eyes are black and lifeless
    With an underprivileged stare
    I`m the beggar on the corner
    Will no-one spare a dime?
    I`m the child that never learns to read
    Cause no-one spared the time
    (Chorus)
    I`m the murderer and the victim
    The licence with the gun
    I`m a sad and bruised old lady
    In an ally in a slum
    I`m a middle aged businessman
    With chronic heart disease
    I`m another teenaged suicide
    In a street that has no trees
    (Chorus)
    I`m a starving third world mother
    A refugee without a home
    I`m a house wife hooked on Valium
    I`m a Pensioner alone
    I`m a cancer ridden spectre
    Covering the earth
    I`m another hungry baby

    from the album signing off and it was just a enlarged signing on yellow form you used to take to the dole office to sign on......tyler is guilty from the album is a classic
    It is nice to see the value of your house going up'' Why ?
    Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
    If you are planning to upsize the new house will cost more.
    If you are planning to downsize your new house will cost more than it should
    If you are trying to buy your first house its almost impossible.
  • drbeat
    drbeat Posts: 627 Forumite
    I just remembered a couple of things from the depths of the last recession.

    1. there was a job available in the local high street bakery, behind the counter selling cakes etc., minimum wage.

    There was no minimum wage in those days.
  • drbeat
    drbeat Posts: 627 Forumite
    StevieJ wrote: »
    Oh yes, those were the days of the infamous Milk Snatcher :eek:

    And 30 years on we now enjoy the infamous Purse Snatcher. :rotfl:
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