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With all the news about a possible US economic recession, are you curbing your spending?

There is so much coverage in the press lately about a potential US economic recession. Some days we hear that its definitely happening and other days economists seem to think things might be ok. It certainly paints an uncertain outlook.

With all of this discussion of a potential economic recession in the US, how is the news impacting your personal spending? Are you thinking twice about ordering that Venti Chai Latte at Starbucks? Or perhaps, you're not going to take that planned family vacation this summer? We're want to know what you think.

Yes (61.1%)

No (13.8%)

Not yet but, I might in the near future (25.3%)

With all the news about a possible US economic recession, are you curbing your spending?
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48
  • godsgirl By godsgirl
    on Mar 09, 2008  

    I think that personal finances is the biggest reason for the biggest reason for the slowing of the economy. People are in more debt these days. People are truly over spending.

  • Moondancer By Moondancer
    on Mar 09, 2008  

    I agree with godsgirl: People are in debt these days to the max!! Why keep up with the Jones'? Why bother? I like the fact that I have rabbit ears on my TV and not cable! TV is not important to me, reading is!

  • blvtenn By blvtenn
    on Mar 09, 2008  

    yes,i dont know how much higher everything can go expecally cas,i think we all need to i guess start riding a bike lol

  • blvtenn By blvtenn
    on Mar 09, 2008  

    yes,i dont know how much higher everything can go expecally gas,i think we all need to i guess start riding a bike lol

  • nursejulz By nursejulz
    on Mar 10, 2008  

    I definetly see myself and family cutting down on spending. Less money spent on food, driving only if needed, and not as many trips to Wal-Mart.

  • leemor16 By leemor16
    on Mar 10, 2008  

    leeann says;

    because of gas prices everything is going to be higer food,clothing houshold items gas prices or taken away alot of people spending on other things

  • NicoleBrady By NicoleBrady
    on Mar 10, 2008  

    I'm cautious with my spending all the time so there's no need to adjust my habits due to market changes.

    If I lived beyond my means, then yes - I would but back.

  • renwag By renwag
    on Mar 10, 2008  

    Fortunately, I have not had to curb my spending as yet. However, if my financial situation changed and that made me have to adjust my purchases, I would do so immediately and with no reservation. One should never jeopardize their financial security by overspending.

  • macciesma By macciesma
    on Mar 10, 2008  

    I thought my job was extremely secure and then out of the blue, for no reason, I lost it. Now we are struggling to make ends meet. I now know that no job is secure and we are one illness away from losing everything. Something drastic needs to happen to straiten this economy out. We used to be set, now we are terrified!!

  • frogqueen75 By frogqueen75
    on Mar 11, 2008  

    I'm not curbing spending due to any impending recession/economy issues-more because I'm a realistic person. I also lost my extremely secure job as an office manager 3.5 years ago, when the physical therapy clinic I was working for was closed by its parent company...I was 4 months pregnant at the time & we lost my really great health insurance. Luckily, my husband had/has a good job w/decent (not great) insurance, so we haven't had to struggle as much as we might have...but we both grew up pretty poor, so we automatically went into "thrifty mode". We always cut coupons, watch sales, sign up for free samples & try not to splurge on things that really aren't necessary...and that allows us to buy nice things for our daughter, and will allow us to do the same for the baby coming soon!