PLEASE READ BEFORE POSTING

Hello Forumites! However well-intentioned, for the safety of other users we ask that you refrain from seeking or offering medical advice. This includes recommendations for medicines, procedures or over-the-counter remedies. Posts or threads found to be in breach of this rule will be removed.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

If things get tougher?

Options
1273274276278279331

Comments

  • Bunny200
    Bunny200 Posts: 627 Forumite
    Just out of interest how bad do most people think things are going to get? The other week when the stockmarkets were in meltdown I was getting a bit depressed having watched too much news! I'm not someone who gets depressed easily and although we're not rolling in it, we've been prudent in the good times so should see out the bas times but even with these things I got really scared. AllI could see was doom and gloom and I know thats what sells papers and tv news time but I find it hard to get a view of how bad it will be. I grew up in 70s and have a vague recollection of power cuts and candles and being told we can't afford that but it seems so long ago now. Theres a chap on the BBC News website who was on Andrew Marrs programme today saying that things won't be as bad as they were in the '70s.
  • Obukit
    Obukit Posts: 670 Forumite
    Bunny200 wrote: »
    What do OS MSEs think?
    I think it could be a lot worse than last time because, even if things don't get as bad, the standard of life most people are used to is a lot higher then it was back then. The 70's recession was against a backdrop of austerity from the 50's/early 60's. Nowadays most people are used to having warm homes, their own car, expensive food imported from around the world and easy credit so no need to save. It depends whether they can learn to do without as to whether we have a soft landing, or a hard one with repossessions, bankruptcies etc.

    Me and my girlfriend have already battened down the hatches (moved to a smaller flat, got rid of the car, stopped eating out etc.) but many people haven't - the man in front of me at the checkouts in Sainsburys spent £48 on Pot Noodles, pies and ready meals. My Sainsburys Basics washing powder had more nutritional value than his entire shop!
  • Obukit wrote: »
    My Sainsburys Basics washing powder had more nutritional value than his entire shop!
    :rotfl: Thanks needed a laugh just now :D
  • Obukit wrote: »
    I think it could be a lot worse than last time because, even if things don't get as bad, the standard of life most people are used to is a lot higher then it was back then. The 70's recession was against a backdrop of austerity from the 50's/early 60's. Nowadays most people are used to having warm homes, their own car, expensive food imported from around the world and easy credit so no need to save. It depends whether they can learn to do without as to whether we have a soft landing, or a hard one with repossessions, bankruptcies etc

    Could'nt have said it better myself and for the same reasons.Basically people nowadays are either used to or have become accustomed to a much better standard of life than back in the 70s and naturally it costs a lot more.If there's no money they're going to feel it bad.
  • happytails
    happytails Posts: 1,554 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Ive been so non moneysaving today :( i feel ashamed. I got a 15min break at work so dashed to the nearest shop for some food - had to be thorntons chocolate shop - i spent £4.63 :eek: i've let myself down :mad: but i made a note that they have a microwave and a fridge at my work so am determined to bring something from home EVERY day i work from now on :o

    snuggled up on sofa today still without heating :T had to put a fleece coat on my dobermann X weimaraner - her hair is so short and the room the dogs sleep in is cold and she is quite skinny too so is forever shivering - poor thing, my 2 german shepherds are happy in their thick fur so 2 out of 3 isnt bad lol

    got a duvet under my bottom sheet and a winter duvet on the top, when it gets really cold i am going to buy 2 fleece throws from primark so we can snuggle one each :)

    Nighty night xxx
    DFW Total £21,800 to clear by Dec 2022
    MFW Total £184,950 £179,066 to clear by 2035
  • I was a child of the 70s and remember how it was well. Obviously the power cuts were more of an adventure as a child but we coped fairly well - we had Gaz lamps and stoves and lots of candles.

    We never had central heating or a family car and didn't go on holiday much.

    Food was pretty plain but healthy and filled us up. My grandmother was a huge influence on me because she taught me how to bake and helped me with cooking too.

    I know I can go back to living in harsher times because of my childhood and since my husband died I have had to adapt to lots of changes, as has my daughter. If I can come through that, I can come through anything.
  • Glad
    Glad Posts: 18,934 Senior Ambassador
    Part of the Furniture 10,000 Posts Mortgage-free Glee! Name Dropper
    I'm going to chat up a cute american, see if I can get some freebie gum ;)
    I am a Senior Forum Ambassador and I support the Forum Team on the Wales, Small Biz MoneySaving, In My Home (includes DIY) MoneySaving, and Old style MoneySaving boards. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.All views are my own and not the official line of MoneySavingExpert.
  • I always used to get metal tips on my stiletto heels in the 80s (well, a girl liked to make an entrance then ;) ). Can you imagine the horror though at some of the people today if they had to light a room with a couple of candles and a mirror? I remember doing my homework via that light and we'd have to walk to the electric showrooms to see the notice in the window about when we would have power and not in the 1970s - complete with Mother tutting. I'm hoping it won't get that bad though (she says sat typing in the dark.... :rotfl: )
    But I'm going to say this once, and once only, Gene. Stay out of Camberwick Green :D
  • My grandparents and their neighbours used to breed rabbits during the war. When the time came they would swap rabbits - so that no one ever had to eat their own.
    Murphy was an optimist!!!
  • Softstuff
    Softstuff Posts: 3,086 Forumite
    Part of the Furniture Combo Breaker
    Glad wrote: »
    I'm going to chat up a cute american, see if I can get some freebie gum ;)
    Well, America has its own pretty big recession. Australia according to the IMF isn't going to be hit, so this time you'll have to chat up a cute Australian, and get some free vegemite!
    Softstuff- Officially better than 007
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.1K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244.1K Work, Benefits & Business
  • 599.1K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.