Recession at the moment
The world is currently going through a ‘recession’ at the moment. Most of the world anyway. Somehow Australia has managed to avoid the worst of it and keep their heads above water. Meaning not too many people have had their houses repossessed by the banks or lost their jobs due to work places making cut downs. That’s not to say it hasn’t happened here, it just isn’t as bad here as it is in the United States or England. So how has it affected the little people. The everyday, middle class working families? For my partner and I, we have had to stop going out to dinner once or twice a week and now only go once a month or less. We turn electrical appliances off at the power point and avoid using electricity unnecessarily. I’ve stoped my weekly clothes and shoe shopping and now only buy what I actually need. And my partner has stopped buying expensive wines that he stores for twenty odd years before they are ready for drinking. It’s not really that different for us or hard as we are still earning a decent wage between us. It’s just that the interest rates keeping going up which makes paying off our house mortgage harder.