Just saw a headline about November having the worst monthly jobless figures since 1974. Yikes, in some ways this headline bothered me more than recent talk of another Great Depression. I lived 1974. If that's where we are now and it's going to get worse before it gets better, uh oh.
For instance, in 1974 we still had these fashions to look forward to!
But seriously, my 1974 involved--
Seeing adults in my family unemployed, in federally-subsidized CETA jobs, or getting on social security earlier than planned because they couldn't find work.
Going to school in the dark in winter because of the energy crisis (daylight savings all year). Being cold in school all the time because they turned the thermostat down. Having our senior trip to Washington instead of Disney World because it was cheaper.
Knowing that going away to college for one year would have been a waste, if there wasn't money to continue. Attending community college instead, to learn a marketable skill, and dealing with the odd/even gas rationing system as a commuter student.
We were still going through Watergate, and Vietnam was still on people's minds. I just checked, and the term stagflation was coined in 1974. It just wasn't a very happy or optimistic time.
I've been there, done that, and I really don't want to be there again! I mean, you adjust, you shop at K-Mart instead of the mall, your world gets a little smaller. You tell yourself a lot of other people are going through the same thing, but it still isn't fun. Enough already, I've already been economizing for the last 3 years!!!