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Wednesday, September 21, 2022

Recession or Depression?

                                                                                    

This morning I was paying bills, as I do every month when my Social Security deposit arrives in the bank.  In the past few months several bills have gone up.  Today I was surprised once again by an unexpected increase in my Natural Gas bill.  I got an increase of $29.00.  Add this to the $30.00 increase to my phone bill, the increase to my out-of-pocket cost for medication, you can see where this is going.  The cost of living increase I received in January is wiped out and then some.  I got to thinking about how I can reduce my grocery costs.  Groceries are the only place I can lower spending since rent and utilities are non-negotiable.  That in turn brought my thoughts to my parents and how they survived during the great depression of 1929.  That brought me to another question, what is the difference between a depression and a recession?  I asked Siri and this is what she told me:


So, in my opinion in my own personal experience, we are in a depression.  When I have to make choices between buying food or paying bills, I think there's something rotten in this country.  Set aside your politics for a minute and just answer this question, are you better off or worse off than you were two years ago?  I know what my answer is.  Where do I go from here, I've already cut out just about everything to save money.  I don't go out to restaurants, or movies and I haven't had a hair cut in almost a year.  I shop mostly at Aldi now for groceries and I never go shopping for anything new like clothes or household items.  Maybe technically we aren't in a depression or recession yet, but I am certainly depressed about my quality of life.  The Golden Years, that's a joke.  

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