No. However, I am more optimistic than I was a year ago. I think that here in the USA our economy will (hopefully, slowly) settle downwards over the next decade - I don't think it will fall off a cliff. Slow adjustments are good because people have a chance to adjust their lifestyles and expectations.
My wife and I don't buy anything on credit, including property, cars, etc. We save first, then buy - a smart way to live (I think) because it avoids a life time of making interest payments at the small cost of having to wait a while before making large purchases. Having a modest life style also helps :-)
It seems like most of our whole country has gone crazy living on credit.
My wife and I don't buy anything on credit, including property, cars, etc. We save first, then buy - a smart way to live (I think) because it avoids a life time of making interest payments at the small cost of having to wait a while before making large purchases. Having a modest life style also helps :-)
It seems like most of our whole country has gone crazy living on credit.