9 Mar 2009
FUN MONDAY - RECESSION ?
Our this week's host Sayre wants to know :
What are you and your family doing to deal with the current economic situation on a personal level? Obama's got a plan for the nation, but how do you/will you deal with your own economic stress.
I belong to the lucky persons who don't have any economic stress and my family neither. I also live in a country (Belgium) which is amongst the best economically situated countries in Europe and not comparable with the USA at all.
If I wouldn't hear in the News that we are almost in recession, that we have too many poor people and that companies are closing and people more and more without work, I wouldn't know or realize anything about it.
My life hasn't changed, we are retired, our house is payed and we get our pension every month. My friends are in the same situation and if they are still working they don't have any problems either.
The only thing I see despite the "recession" we hear of everyday, is that the shops are still full, the caddies overloaded, and expensive restaurants as usual fully booked on weekends. Cinemas, theatres or Shows of music groups or star singers are sold out. People order new cars and last holidays the airport was packed with people looking for warm sunshine or snow. There even was an increase of travelling people.
More and more houses and shopping malls are built in Waterloo so there must be enough people to buy houses and go shopping. The young couple in our street invited more than 100 people to their wedding (see the pictures below) so I suppose they are not starving either.
Of course there are also people in difficulties and have no work, but they are getting their unemployment benefits which is just enough to live, not more and so far it is unlimted in time. and everybody has health insurance which is included in the gross salary. Of course for all these legal services the taxes on salaries are very high in Belgium and can go up to 50 % depending on the salary.