---- Who's been affected by the financial turmoil?
rachel123 - 6:57 am on Oct 12, 2008 (gmt 0)
If people were not freaked out last month, why are they now?
I have wondered this too. The economy was in a mess before the big bailout, for the past year or so. Why is it biting now all the sudden? I think it must be just all the negative press on the markets. And, I know a fair share of my demographic is retirement age...when the dow drops, their IRAs etc drop and their payout payments drop...so less cash to spend...and I think people are 'hoarding' cash because they are scared of losing their jobs, etc. because of all this speculation on the Next Great Depression.