when r they expecting this tax break/ rebate to start?

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WIFE TO MIKE
MOTHER TO HUNTER 3YRS OLD AND HEATH BORN 9/22

Yeah, there was a recession in the 80s. I don't remember much since I was young. As far as I knew my parents were ok during that one.

I heard someone from the IRS said not until June.

Wow, I didn't even know that was a recession. I guess it didn't really effect me, that I remember. I was a single mom even, going to school and working at Wal-mart.

I just went on zillow to check the value of our house and it is valued $40,000 less than we paid for it. I am a teacher and they are laying off at the end of the yearto save money. Milk, juice, gas, all of the basics have skyrocketed, and I have not gotten a cost of living raise in a few years.

We live in an area that has really been growing and they have been building houses like crazy here the last 7 years with skyrocketing prices and waiting lists to get one. But...in the last 6-12 months construction has taken a dive. The prices have plummeted and almost every builder has gone bankrupt. A friend of mine is going to have to move because here husband works for a builder and will be out of a job next month. It's really bad around here.

I think that the most important thing to ride out a recession/depression is to BE PREPARED and not to panic. Stockpile what you can...food, water, medicine, extra eyeglasses, etc and to think ahead as far as you can. If gas gets too high, how else will you get around? If you lost your house, where could you go? We are by no means "survivalist" type, but we could manage if things really went wrong. We have a large garden, a few chickens, plenty of stocked shelves inside, bikes we could ride into town if we had to, things like that. Also, I like what I read in an article about "social equity" in that you know people who may have what you need, that you could trade what you have with....a network of people with different skills can get by MUCH better than a bunch of individual families trying to do it all on their own. SO, hope for the best, prepare for the worst, and live each day being thankful for what you have.

These are all very good ideas. It really makes you think about every dollar you spend.

Kim

I am in Canada, and remember in the early '90's when Canada was in a recession. I was about 16 then. The first jobs that suffered were definiately in construction, as people were losing their homes, and few were buying homes as the interest rates were high then. Also the retail sector (obviously) suffered tremendously. I would say that getting rid of outstanding debt would be the way to weather the storm.

Here in Canada, the stock markets are really taking a hit waiting to see what happens in the U.S.

Theresa

I lost my job during this one!! It was during the time when all of the internet companies closed down. People were really excited about what the internet can do for us and
EVERYONE thought they could start their own business on the internet. Well, it didn't quite work out and a lot of those internet companies closed. All of the companies that invested in these were affected greatly!!

I worked for an office furniture company in Chicago at this time and some of those internet companies which went bankrupt could not afford to pay my company. So, in effect, the company I worked for also went bankrupt!

It all seems to trickle down the branches of a tree sort of. Not just one industry is effected, but many, many more!! It just takes time to get to some.

I think the safest jobs are usually in medical and education. People tend to go back to school when they can't find a new job.