Is the economy getting better?
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| Fri, 04-10-2009 - 3:06pm |
Although there are days it seems when my personal economy is sucking, it seems in general that the economy is getting a little better. I suspect there will be more layoffs because they are always the last things to stop but.........
I have noticed that more people are at Target and at the mall and they are buying, not just looking. More people are eating out. More people took a vacation recently than took one this summer.
I have noticed some new car purchases amongst the neighbors.
And I talked to a customer service rep at Citi mortgage and he said that in general, people are telling him that things are getting a little easier, that business is picking up and their job is feeling more secure.
Our business is picking up a a little. At the very least, cancellations are down, and people aren't so FROZEN about anything to do with money.
Is that holding true with what you've noticed even if your personal economy is not so hot?
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I do have to agree with you.
Lisa
Mom to Kelly, PJ, John, Brooklyn, Nicholas, Joseph, our sb angel Gianna, and Jacob
Lisa
Mom to Kelly, PJ, John, Brooklyn
My DH is also in construction, (he does specialty concrete work) and he is just recently getting more hours at work again.
I think people are getting over their initial panic and starting to relax again.
We just bought a new garage door last month. It was from a family company and the man who installed it said that they had a brief period with no sales when the economy first tanked, but then business went back to usual and they were working 6 people 6 days a week.
A lot of the younger guys my DH works with are liking the prices on houses where they are now, so we are seeing more action in the housing market.
We are currently in the process of buying a new car- which is really freaking me out because we've ended up here very quickly, but that's another topic. We've found at the moment that we can buy a new car for the same price that used dealers are trying to move the same model that's 2 years old. One thing to take into consideration at the moment in CA is that our sales tax jumped 1% at the beginning of April, so many people who were considering buying a car wanted to do so before the end of March. Also the cost of registering a car goes up quite a bit at the beginning of May, so between those 2 things, dealers aren't necessarily seeing a lot of action. DH and I spent the afternoon at a big, local auto mall and didn't see even 1 other person looking at cars. I'm hoping because buying interest and prices are down, that this is probably one of the best points in time that DH and I will have to buy a new car- perhaps others are seeing that too. We wouldn't be buying if it weren't necessity though.
I'm glad DH and I are helping the economy, but lately I'm feeling physically ill over the money that seems to be pouring out. After the car is purchased, we're back on an even stricter budget.
Vickie
Laura
Hi,
I'm new on this board and thought I'd jump in. At our house, we don't worry about the economy. We were budgeting when everything was rosy and we're still budgeting. My 401K match got cut at work, and my 401K took a hit - but that's part of the deal. No one said investing was a sure thing. We're prepared to win some and lose some.
I'm not convinced yet.
I've noticed in the past little while that more and more businesses have "Now Hiring" signs up again. Considering how awful the job market has been in the area, that is a GREAT sign.
And actually, dh and I are doing ok. We're both working very close to full time hours for decent wages. Can we run out and buy a boat or mansion? No. But, our bills are getting paid every month.
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