Just a quick note on redundancies; I work in recruitment and many of my clients are FTSE 100 organisations. The general feeling is that there will be far more losses before this situation improves. I have also had a surge of candidates in the last few weeks who are giving redundancy as a reason for looking for a new job. Some of these guys are very senior and well paid, (so hopefully have saved for a rainy day in the good times), but it just shows that everyone will feel the effects of this downturn to some degree. IMO
And this is my point. These people have an opportunity to save for the 'rainy day'. Most people struggle by from day to day and have to get their pleasure from life in simple ways (like buying cheap old mountain bikes to try to regain their youth
I struggle to feel sorry for people who have had it good/easy for years and haven't known any different.
Its at times like these that people who are prepared to work will rise to the top and we will hopefully loose some of the chancers/ripp-off merchants.
I couldn't agree more, when a contractor who earns more in a day than I earn in a month tells me they need to be paid weekly because they have bills to pay, I wonder how the F*ck they can't sort their finances out. it boggles the mind!