How does life change after the credit crunch?

1. Life
after the
Credit Crunch
++++Observations by Ines Seidel++++++Oct 2008++++

2. After the Credit Crunch
“Credit Crunch. Subprime Credit Fall-Out.
Economic Downturn. Lots of abstract figures.
But how does the downturn affect people’s
lifes?” – Ines Seidel (that‘s me)
Picture from

3. More fears
quot;I'm tired of what's going on and how
the average citizen is suffering and
our top leaders are more concerned
with the big corporations and Wall
Street. I'm sad right now because I
don't know how my future or even the
next day is going to be.quot; - John
Stevens on iReport CNN 9 Oct 2008
Picture by zweettooth

4. Cutting Down
quot;I am now offering people shorter
haircuts. It's so they will last longer.quot;
hair stylist AFP, 13 Oct 2008
Picture by icekitty37

5. Frugal shopping
quot;I’m a shopper, I really am. I love
to shop. But even I’ve cut back.
Now I don't go anywhere except the
thrift storesquot; Debbie Knight,
wtmtv.com 14 Oct 2008
Picture by deflorie

6. Discovering the family
quot;We're having more conversation,
we're finding things to do as a
family that are free, we play
basketball, we play tennis.
Homework's getting done better too.quot; -
Kathleen Fallon in iReport CNN 9 Oct 2008
Picture by just4you

7. Delaying dreams
quot;Our dream wedding has turned into
just that ... a dream. More than
likely we will go to a justice of
the peace and say our vows and pray
that in a few years when we are
better and the country is better,
our dream will come true.“- Mia Cole
on iReport CNN 9 Oct 2008
Picture by biearwicke

8. Kids learning to accept “No”
“I used to ask for things and my
parents would say, ‘We can’t do
that.’ So I would throw a tantrum
and get an attitude. They used to
give in a lot. But that doesn’t work
now.” Kaitlyn Postle (16) in nytimes.com
12 Oct 2008
Picture by binababy12

9. Longing for Financial Safety
quot;The gold party environment is more
of a safe place for women to come
turn in their gold,quot; Mary Martin, gold
party hostess. Gold parties are like
Tupperware parties, only you get cash for
gold. Nbc2news 10 Oct 2008
Picture by egilshay

10. No Nonsense Dressing
“There is a collective sense that
luxury consumers will seek
quot;investmentquot; wardrobes next spring -
- clothing that will survive trends
and frequent dry cleaning to remain
wearable in several years.” -
Christina Binley for WSJ, 25 Sept 2008
Picture by L Avi

11. Going independent
“Raising chickens is a fun and
rewarding hobby. And with the prices
of eggs now days, its the way to
go.” - Dorothy, commenting an article on
the growing urban chicken trend at
csmonitor, 9 Oct 2008
Picture by 13dede

12. What’s changing in
your life?
Send your statements to
twitter/downturn_change