Some poll data on how Economics are effecting our daily lives:
70% of people think the down turn will last well into 2010
Increase in 'in-sourcing' (doing it yourself)
More people are buying seeds to grow their own vegetables
More people are calling Proctor & Gamble to get advice on dyeing their own hair
Rise in car parts & oil changing supplies, indicating more people are doing it themselves instead of going to the shop.
Beginning sewing kits? Up 30% from previous years.
Sewing machine sales are up as well.
Shoe repair is up, indicating that people would rather fix what they have.
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If you have gotten used to taking a deduction from your mortgage interest -- forget it. The new budget will cut out a significant amount of the deduction.
Worry is that if people can't take the interest off their taxes then it will give one more reason why people shouldn't/won't buy a home.
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please feel free to let me know what you thought of this subject...do you need more info? disagree? have a hint? most is welcome